VBSP selects Polaris' GUB to centralize Bank operation
Vietnam Bank of Social Policies (VBSP) has chosen Polaris' Intellect Global Universal Banking M180 (GUB) to centralize its operations across the bank.Polaris is said to offer the bank its Intellect Core and Lending Modules, enabling them to handle traditional banking products in an integrated and efficient manner. VBSP is said to replace its legacy system and leverage Intellect offerings for its ambitious growth plans. Intellect GUB M180 is an end-to-end SOA based Core Banking solution with multi-currency, multi-branch and multi-banking capabilities to transform banking across all 64 branches of the bank.
Intellect GUB is to offer VBSP a robust and scalable platform, which will enable the bank to overcome its existing operational issues. The implementation will help the bank switch from its manual operations to an automated process, reducing its time and cost of operations significantly. The new Core Banking System will enable VBSP to enjoy fully centralized data across the bank, providing consolidated and comprehensive information to help attain a universal view of the bank.
VBSP opted for Intellect GUB as its high level fitment would help the bank achieve its long term goal of establishing rural leadership. The solution claims to allow the bank to streamline its various processes with modern technology, thus resulting in productive gains within the bank. As a customer-centric system, the deployment would offer the bank better flexibility through a parameterization framework.
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