BSE-listed Polaris Financial Technology has bagged a deal to deploy its money and security management solution at Sveriges Riksbank, Sweden’s central bank.
Financial details of the deal were not disclosed.
Sveriges Riksbank, the oldest central bank in the world, will implement Polaris’ Intellect® Quantum Collateral Management System (QCMS), according to a press statement.
The solution provides an interface between Counter Party, Depository and Central Bank, the statement said.