Chennai, Oct 26 : Private lender Axis Bank has implemented Polaris Software's solution for trade finance, cards and cheque truncation processes, the city-based banking software company said Monday.

The solution, "Intellect Business Process Studio", will enable Axis Bank to eliminate the paper-based cheque clearing activity, Polaris said in a statement.

"Intellect BPS helps reducing cost of branch operations by increased process standardisation and faster turnaround of customer products and services and drastically reduced change management cycle time," Polaris' chief operating officer Govind Singhal said in the statement. (IANS)