Polaris Kaisa, a joint initiative between Polaris Consulting & Services and Kaisa Consulting, today announced that the Development Bank of the Philippines (DBP), one of the largest government financial institutions (GFI) in the Philippines has chosen to implement Intellect Digital Core to transform its core banking operation.

Jitin Goyal, CEO and executive director, Polaris Consulting and Services said, ''We are pleased that the Development Bank of the Philippines has chosen us and our digital core banking solution to assist them in their development agenda. This technology partnership with DBP comes at an opportune time as, in the current global economic scenario, banks worldwide are focusing on Digital transformation for more stable annuity revenue with lower risks.''

Shares of the company declined Rs 0.15, or 0.08%, to settle at Rs 182.80. The total volume of shares traded was 206,654 at the BSE (Tuesday).