Chennai, April 27, 2014: Leading Asia-Pacific bank, Chief (Cambodia) Specialized Bank PLC (CCSB), providing financial solutions to corporate, small and medium enterprises and agriculture-based customers in Hong Kong, is being fuelled by the state-of-the-art Intellect solution from Polaris.
CCSB chose the leader in products, solutions and services to implement its core Banking, Lending, Trade, Treasury, Armor (Security Shell) and Integrator (Middleware for interfacing), enabling it to commence its operations in Cambodia. The Intellect software has facilitated smooth integration with other systems and has provided a platform for ensuring risk control through its various processes and controls.
Says Loke Wai Ming, CEO of Chief Bank: “The rollout of the new integrated Core Banking platform has created the technological framework to cater to all requirements of Chief Bank as we rapidly expand our geographic presence and support our ambitious plans to diversify and expand operations in the future. Polaris' domain experience in Core Banking implementation and Intellect's rich functionality and scalability, robust technology and open architecture makes Polaris's solution a true business enabler. Intellect solution will enable us to transform into a complete financial services provider, supporting our ambitious plans to diversify and expand operations in the future.”
Adds Jaideep Billa, Joint CEO, Consumer & Institutional Money Management, Polaris Financial Technology Ltd: “We are extremely happy to partner with Chief Specialized Bank PLC to launch their business operations in Cambodia. Intellect Universal Banking Solution will enable CCSB to increase its efficiency, performance, security and transparency of its day to day operations allowing its customers to enjoy a higher level of service with ease and comfort. Supporting the vision of the bank, this implementation enables them to move towards next generation banking technology that provides them with a competitive service edge and faster go-to-market.”
Chief (Cambodia) Specialized Bank PLC was established on 8 December 2013 and aims to provide financing solutions to corporate, small and medium enterprises and importantly, agriculture-based customers. The bank is is part of the Chief Holdings group of companies which is head-quartered in Hong Kong.
Polaris Financial Technology Limited is a global leader in Financial Technology for Banking, Insurance and other Financial Services. Intellect is the world's first pure play Service Oriented Architecture (SOA) based application suite for Retail, Corporate, Investment banking and Insurance.