NABARD Selects Polaris' Intellect Lending Solution
Polaris Financial Technology Ltd. (POLS.BO) has announced that National Bank for Agricultural and Rural Development (NABARD) has chosen Polaris' integrated Intellect Lending Solution comprising Loan Management and Accounting modules to be the bank's new Centralized Loan Management and Accounting System (CLMAS). Polaris has claimed to offer NABARD its Intellect Loan Origination, Intellect Loan Management, Intellect GL (Accounting, Budgeting, MIS), Training, Handholding and Helpdesk services to centralise decision making and attain access to centralised accounting across the bank's head office and regional offices.
Arun Jain, Chairman & CEO, Polaris Financial Technology said, "Our product and solution approach will mitigate all foreseen challenges, reducing complexities, thus providing a future proof, highly scalable, secure and maintainable implementation for NABARD. With world-class project implementation skills, globally acclaimed Intellect suite of products and our experience, we believe we can offer NABARD a value creating solution that will fulfill all its objectives and future goals."
KS Padmanabhan, CGM, Accounts Department, NABARD said, "We are happy to have placed our trust in Polaris on this exciting venture. The company has the right blend of cultural alignment and capabilities to meet the future IT requirements of NABARD. Polaris' Global Universal Banking Platform, multi-entity & multilingual system and domain expertise made Polaris the right partner for NABARD in this venture."
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