HDFC Bank of Sri Lanka chooses to implement Intellect Digital Core to transform its Core Banking Operations
HDFC Bank of Sri Lanka has chosen Intellect Design Arena Limited (A Polaris Group Company), the world's first fullspectrum banking and insurance products company for the digital age, for Intellect's Digital Core (Core Banking Solution) to transform its core banking operations. The solution, packaged with an integrated set of products from the Digital-ready Intellect suite of products, will drive Operational, Technological, Implementation and Support excellence at a very low Total Cost Ownership (TCO) for the Bank. This is Intellect's fifth CBS deal in Sri Lanka and the second deal in the public sector, making Intellect a leading partner of choice for CBS installations in the region.Intellect Digital Core, based on powerful technology suite, coupled with superior software design, can help the bank become the principal bank of every customer by redefining customer experience.
Intellect's flagship CBS is a functionally rich solution customized for HDFC Bank replacing the bank's existing legacy system transforming the entire gamut of banking operations. With unmatched operational efficiency the solution will provide all the ingredients and components to enhance operational growth including, user friendly graphical interfaces and standard UIs. It will provide right information at the right time and enable straight through processing. With the best support, best practices and international standards in technology, the CBS is web- enabled; the enterprise- class platform is all JAVA. This ensures reduction in technology obsolescence.
This solution will provide with the key benefits such as Functional Rich Solution Architecture, Unmatched operational efficiency, Technology supports best practices and international standards, Support Excellence: with over two decades of domain expertise, Ability to launch new products
Nimal B. Mamaduwa, CEO & GM, HDFC Bank said, "As HDFC Bank adjusts itself to a more demanding and continually changing technology environment and looks forward to a compelling Core Banking Solution, Intellect brings its diverse mission critical implementation experience to this engagement. Ranked a leader in this segment, with a proven track record in delivering scalable, secure and reliable solutions, we do hope this deployment will complement our bank in a cost effective manner and live upto the expectations of our customers."
K Srinivasan, EVP and Geography Head, Indian Subcontinent, Middle East, and Africa (IMEA), Intellect Design Arena Limited, said, "We are very delighted that HDFC has chosen Intellect Digital Core for their transformation agenda. With our domain expertise, strong track record of building world- class solution and good clientele in Sri Lanka, we are committed and confident of making this engagement successful."