Mekong Housing Bank (MHB) Vietnam today announced the selection of Polaris Software’s Next-Generation Intellect 787 Global Banking Platform to be the technology enabler for its growth journey. MHB, Vietnam’s 5th largest State owned bank, chose Intellect 787 in order to enable fastest time to market for its rollout of new products and services and for Intellect’s unmatched ability to integrate seamlessly with the bank’s legacy as well as other systems.

Intellect 787 is a leading next generation global banking platform, built on a robust Services Oriented Architecture (SOA) framework. Its modular and customer centric design makes it the ideal solution for mission critical transaction systems. Intellect solution for MHB will involve multiple platforms such as Intellect Core banking, Intellect Lending, Intellect Treasury and Intellect Trade Finance.

Asian economies are seeing a huge upsurge of growth and the pack is being led by China, India and Vietnam.

Mr. Huynh Nam Dzung, Chairman, MHB, said, “Vietnam is one of the fastest growing economies in the world. A rapidly expanding economy brings enormous opportunities and with it, puts forward its unique set of demands and challenges on the banking business. We intend to offer an exciting range of products and services to a growing set of ‘highly aware’ retail customers. Therefore we were looking for a comprehensive and innovative solution that will make this happen and give us a distinctive competitive edge in the market place. Non-disruptive modernization was another prime requirement. We believe that the Intellect 787fits in very well with the bank’s eco system.”

Mr. Arun Jain, Chairman & Chief Executive Office, Polaris Software, said: “Intellect 787 meets the 'next generation' technological requirements of the client. The modular design of Intellect gives it the ability to combine different banking components into an overall integrated ‘best of breed’ solution, which will help MHB in its quest to offer better products and services, while improving its internal efficiencies and cost of maintaining and upgrading IT systems”.

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