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Chennai, July 6 (PTI) Financial technology company Polaris Software Lab today said its group firm, Laser Soft, has bagged a project from Andhra Pradesh State Cooperative Bank to implement core banking solutions at 22 district central cooperative banks spread across the state. However, the deal size was not disclosed. "The proposed implementation would be executed through a unique multi-entity CBS, branded as Intellect Core Banking Solution, with centralised deployment at Hyderabad, being used by 569 branches and 22 head offices of the District Central Cooperative Banks (DCCBs)," the city-headquartered Polaris said in a statement here. The cost-effective model will facilitate easy transactions between customers of each of these banks across other DCCBs, it said. The new core banking solution is expected to go live across all DCCBs under Andhra Pradesh State Cooperative Bank within this fiscal. Polaris Software currently has operations in Tokyo, Sydney, Hong Kong, Singapore, Dubai, Bahrain, Riyadh, London, Belfast, Zurich, Frankfurt, Toronto and New York, the release added.
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