Swedish Central Bank selects Polaris Financial Technology to implement its Intellect Quantum Solution

Sweden's central bank, Sveriges Riksbank, the oldest central bank in the world, has chosen Polaris Financial Technology to implement its Intellect Quantum Collateral Management System (QCMS). The Collateral Management System is part of Patois' Intellect Quantum Banking suite of Central Bank Solutions -- the world's first integrated money and securities solution for Central banks. The Collateral Management System will support Riksbank's services for Swedish payments system, open market operations, bank credit operations and agency central bank arrangements. Polaris is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking. Polaris services over 200 banks across the world, including 9 of the top 10 banks, with a comprehensive suite of products, services and consulting offerings.