Polaris Launches Intellect CBX 4.0 FT App Store for Transaction Banking

Polaris Financial Technology has launched its IntellectTM CBX 4.0 FT App Store, designed for global transaction banking (GTB), at the Sibos 2012 conference in Osaka, Japan.

Polaris said that Intellect CBX 4.0 FT App Store enables banks to deliver role-based transaction banking workstations across multiple channels including mobile, tablets and online to their corporate and institutional customers in the form of widgets and work spaces. Widgets are customisable, self-contained business services that are context aware and enforce entitlements. The solution does not require banks to invest heavily in portal technologies as the widgets can exist in simple application server containers.

Intellect CBX 4.0 FT App Store runs on CBX technology and is a secure multi-channel solution for PC and non-PC devices. It aims to improve operational efficiency and supports channel convergence strategies across customer segments and lines of businesses. Polaris said that the solution offers a shift from ‘write once, run many’ to ‘configure once, run anywhere’ technology that knocks out the historical pain points of channel technologies by providing a single source solution for the end points of web, tablets and smart phones. 

The CBX architecture supports IT divisions to create their own App Stores to configure, administer and publish business applications to be downloaded on demand. The ‘workspace and widget’ theme of the CBX framework provides a rich user interface and effective tools for various role players at the customer’s organisation.

“Polaris’ complexity reduction philosophy is not limited to only application design, but is also extended to application roll outs,” said Uppili Srinivasan, head of intellect GTB, Polaris. “CBX technologies help banks develop and offer their services much like the applications that one finds in App Stores of mobile and tablet players. Business and IT groups of the banks would be enormously empowered to create solutions without the burden of time-consuming and risk-prone traditional roll outs.”

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