National Bank of Abu Dhabi selects the Intellect Retail Banking solution from Polaris

The Intellect Suite is an enterprise platform that meets the needs of Retail, Corporate and Private banking. Built on an open architecture technology platform, in a modular fashion, it meets the 'next generation' technological requirements of banks seeking to complement speedy and cost-effective implementation with the ability to combine different banking components into an overall integrated best of breed solution.

NBAD is the number one bank in the UAE in terms of branch network, total assets, total deposits and net profit. The bank offers premier financial services and a wide range of banking facilities to its customers through a large network of ATMs and branches. NBAD has chosen the Intellect Suite of products for their Core banking and Lending business, catering to Branch Banking needs, Current Accounts, Savings Accounts, Deposit Accounts, Loan Accounts and General Ledger.

After careful evaluation of more than a dozen products across the world, NBAD has selected Polaris' Intellect Suite. Some of the key business considerations of the bank, for a retail solution were:
• Offering a customer centric approach, across the product lines.
• Off-the-shelf product, which could be stretched to meet the changing needs of the industry.
• Offering STP for transactions, supporting centralization of operations and enabling Branches to become sales and service centers.
• Meeting the current and future needs of a large bank

Commenting on the new relationship, Mr. Abdulla M.S. AbdulRaheem, Chief Operating Officer of NBAD said, "We are pleased to be working with Polaris on this assignment, as we wanted a Partner whose strengths include building long term relationship with its customers. Apart from having the ability to meet future needs of the bank, Polaris was willing to actively participate in the process of 'co-creating' with the bank a solution ideally suited to the Middle East market, thereby playing the role of a strategic contributor rather than a mere service provider."

"I am proud that a prestigious bank like NBAD has chosen Intellect for its retail banking requirements. We are committed to making this implementation a success. Intellect will provide NBAD a technology platform that is flexible, scalable and efficient," added Mr. Koen Van den Brande - President, Product Group, Polaris Software Lab.