SPFTL, a financial technology solution provider, was incorporated as a joint venture company in 2012 by Intellect Design Arena Limited (erstwhile ‘Polaris FT Limited’) - a leading global financial technology group, Sonali Bank Limited and Bangladesh Commerce Bank Limited to deliver high quality IT solutions. SPFTL provides cutting edge financial technology solutions to Banking, Financial Services and Insurance sectors in Bangladesh.
Intellect Design Arena Limited (IDAL) offers a plethora of product solutions to the global banking and financial services industry. These solutions address a wide banking scope area that includes Core Banking, Trade Finance, Treasury, Cash / Liquidity management, Supply Chain Finance, Cards Management, Brokerage, Wealth Management and so on. The key aspect is that each of the solutions and modules is enterprise ready which means that these can be deployed independently with or without Intellect CBS as the backend.
SPFTL has adapted the best practices around software product development, delivery and implementation from IDAL. It is also backed by IDAL’s global experience and world-class management practices. On the other hand, it has full-fledged development and support center in Bangladesh maintained by experienced local resources. These enable SPFTL to provide world-class solution and support services from its local development center to its customers in Bangladesh. The company is leading the modernization of the largest bank of Bangladesh- Sonali Bank Limited along with Rupali Bank Limited and Sonali Bank (UK) Limited. Customer base of IDAL consists of 200+ Financial Institutions across the globe. (Reserve Bank of India, State Bank of India, HDFC Bank Limited, ICICI Bank, National Bank of Abu Dhabi, National Bank of Fujairah, Qatar National Bank, Bank of Ceylon, National Bank of Ethiopia, Central Bank of Lesotho, Bank of Bhutan Limited, Mashreq Bank, Exim Bank Tanzania and more).