Mandates and payments roundup, July 26

Sonali Bank and Bangladesh Commerce Bank implement a core banking solution from Polaris, while SunGard partners with CCS to build a new commercial lending solution.

Polaris wins mandate and partners with Sonali Bank and BCBL

Bangladesh’s Sonali Bank and Bangladesh Commerce Bank BCBL have both chosen to implement an end-to-end banking solution from financial technology company Polaris Software. The three parties have also signed a memorandum of understanding to form a joint venture company called Sonali Polaris Financial Technology to help banks in Bangladesh adopt new banking technologies and practices.

The new joint venture will allow Polaris...

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