MAKATI CITY,
Philippines and CHENNAI,
India /PRNewswire/ --
Powered by Intellect Banking Suite to fuel bank's
growth
Polaris Kaisa, a joint initiative between Polaris Consulting &
Services Ltd, a leader in digital transformation solutions &
services and Kaisa Consulting, today announced that the
Development Bank of the
Philippines(DBP), one of the largest Government Financial
Institutions (GFI) in the
Philippines, has chosen to implement Intellect Digital Core
(Core Banking Solution) to transform its core banking
operations.
The
Development Bank of the
Philippines, the country's premier development finance
institution, has been a key player in nation-building by assisting
critical industries and sectors, promoting entrepreneurship and
contributing to the improvement of lives of Filipinos across the
nation.
Polaris Consulting has joined with Kaisa Consulting, the leading IT
strategy and implementation consultancy inPhilippines to
implement the Intellect banking suite for DBP.
DBP
has chosen the solution packaged with an integrated set of products
from the Digital-ready Intellect suite of products such as Digital
Core (Core Banking Solution), Loans Origination & Loans
Management System and end-to-end Trade Finance. The solutions will
drive operational, technological implementation and support
excellence at a very low Total Cost Ownership (TCO) for the
Bank. The Digital Core solution, based on a powerful
technology platform, coupled with a superior software design, will
help DBP become the primary bank of every customer by redefining
the overall customer experience.
Mr. Gil A.
Buenaventura, President & Chief Executive
Officer, Development Bank
of Philippines,
said, "The Development Bank of the
Philippines is a key player in the nation's economy
building initiatives. As a development financial institution we
strive to assist in the building of productive communities and in
promoting developmental activities taken up by individuals and
organizations in the country. Polaris' proven domain expertise and
its Core Banking solution will help us in achieving our agenda. I
also believe that the solution would also provide us with the
flexibility and robust scalability required to support our growth
plans."
Mr. Carlos R.
Villegas Jr., Managing
Director, Kaisa
Consulting Company,
Inc. said, "We are honored to
provide the infrastructure, the expertise and the technology to
support DBP's noble mission of becoming a financial institution
that serves as a catalyst for a progressive and more
prosperous Philippines.
We assure DBP and its customers that Kaisa will do its utmost to
make the project a success."
Mr. Jitin
Goyal, CEO and Executive Director, Polaris Consulting &
Services Limited,
said, "We are pleased that the Development
Bank of the
Philippines has chosen us and our Digital Core banking
solution to assist them in their development agenda. This
technology partnership with DBP comes at an opportune time as, in
the current global economic scenario, banks worldwide are focusing
on Digital Transformation for more stable annuity revenue with
lower risks."
Speaking on the benefits of the Core Banking
Solution, Mr. Jaideep
Billa, CEO, Global Consumer
Banking (iGCB), Intellect, stated, "The
Digital Core Banking solution can help banks become the primary
bank of every customer by redefining customer experience. The
solution harmonizes the power of digital 360 with customer-centric
architecture, ensuring same experience across at all touch points.
Supporting the vision of the bank, this implementation will enable
the bank to re-align their strategies to provide superior customer
experience. With the Digital Core solution, the bank can achieve
their ambition to embrace digital technologies through innovative
banking products."
About DBP
Development Bank of the
Philippines, the country's premier development
financial institution, DBP has taken upon itself the strategic task
of influencing and accelerating sustainable economic growth,
through the provision of resources, for the continued well-being of
the Filipino people.
About Kaisa Consulting
Kaisa
Consulting is a world-class provider of end-to-end
technology-enabled business solutions through on-premise and
offshore Business&Technology Consulting, transactional and
transformational BPO and IT Consulting Resource Management.
About Polaris Consulting & Services
Ltd
Polaris Consulting & Services Ltd is an innovator in digital
transformation, offering solutions that result in performance
breakthroughs where incremental improvements are not sufficient.
Polaris has specialized vertical practices in consumer and
corporate banking, capital markets, and insurance.
For Media related info:
Nachu Nagappan
Polaris Consulting & Services Limted
[email protected]
+91(44)39874000