ARUN JAIN'S DIARY

It was on 24th July 1993, when we started Polaris Software Labs from a small office at Carex Center, Chennai. We were a very small outfit with a small capital of Rs. 10,000/- (USD 200) but with large dreams of contributing in small focussed ways in FinTech space. Polaris/Intellect got its public listing within 6 years of its inception in August 1999. In 2002, Citicorp Overseas Software Ltd (Orbitech) merged with Polaris and strengthened our foot print. Lasersoft, Indigo TX, SEEC further made Polaris a dominant specialised player in the FinTech space. Ullas Trust is another important initiative which worked with young achievers since 1997 by all of us. In 2014, we decided to rebrand the core part of our business as Intellect Design Arena Ltd. and let go of Polaris’ services business.

Today, we are celebrating the 25th anniversary of Polaris/Intellect. I must thank and congratulate all the Polarites who contributed to building an institution of eminence in the FinTech space.

Happy Foundation Day!

Intellect has launched Xponent – AI based underwriting platform in the US with built-in Risk Analyst on Big Data and Cloud. A fully cloud native platform with continuous integration and continuous deployment capabilities connected to over 500 structured and unstructured data sources to drive higher quality decisions for underwriters and efficient systems.

The first of its kind where machine learning algorithm has been translated into decision algorithm, after 3 years of extensive research by the ISEEC team. It’s time to move away from complex rule-based systems to real-time machine learning systems.

Already 7 insurance companies in the US and Europe have signed for the platform on AWS cloud and have over 50 companies areevaluating it.