Polaris Financial Technology Ltd.
Thursday, November 07, 2013 02:23 PM IST (08:53 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Financial Analyst, Information technology; Technology
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Polaris Moves up to the 34th Position among Top Global Financial Technology Providers in FinTech 100
Move up by 4 positions reflects the company’s growth from innovative solutions

New Jersey, United States, London, United Kingdom and Chennai, Tamil Nadu, India, Thursday, November 07, 2013 — (Business Wire India) — Polaris Financial Technology Limited, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, announced today that it has moved up four positions to rank 34 on the FinTech 100 for 2013. This annual international listing ranks top vertical technology service providers who derive more than one third of their revenue from the Banking Industry as named by American Banker, Bank Technology News and IDC Financial Insights.

“Our move up on the FinTech 100 ranking is recognition of Polaris’ leading presence in the global financial services market,” said Arun Jain, Founder, Chairman & Group CEO, Polaris Financial Technology Limited. “This year’s ranking is a testament to our continued commitment towards delivering innovative, cost efficient and high performance solutions that power the change initiatives of leading global banks and financial enterprises. The current FinTech ranking is a direct result of the growing footprint of our transformative technological solutions across financial institutions worldwide, uniquely positioning Polaris as the transformation specialist.”

Polaris launched the world’s first financial technology design centre, FT 8012, to engineer solutions that drive unprecedented value by uniquely connecting business, technology and operations in the design process. Polaris’ introduction of Design Thinking as a key differentiator in developing solutions for the transformative agendas of CIOs of banks and financial institutions worldwide, has established the company as a thought leader with game changing solutions, emerging from a collaborative design process.

The company’s deep domain expertise coupled with design capabilities saw the launch of three path breaking solutions at a recent annual banking and financial conference: iGTB – The world’s first complete Global Transaction Banking Platform; Payments Hub – A real-time payments solution that minimizes operational risk and improves the Straight Through Processing rate to over 90%; and the revolutionary Canvas Technology – An Omni-Channel solution that enables role-based efficiencies for Financial Institutions. This follows the growing international foot print of Polaris’ Intellect, a pure play Service Oriented Architecture (SOA) based application suite that spans Retail Banking, Corporate Banking, Treasury and Liquidity Management, Core Banking, Capital Markets, Asset & Wealth Management and Insurance. Backed by relentless commitment to better Design, Diagnostics and Delivery, Polaris is fast emerging as the ideal partner for banks’ and financial enterprise’s transformation initiatives.

For more information about the rankings, visit http://www.idcfi.com/services/fintech100.jsp
To view the FinTech Special report, visit http://www.americanbanker.com/fintech100/

About Polaris Financial Technology Ltd

Polaris Financial Technology Limited is a global leader in Financial Technology for Banking, Insurance and other Financial Services. With over 25 years of expertise in building a comprehensive portfolio of products, smart legacy modernization services and consulting, Polaris owns the largest set of Intellectual Properties for a comprehensive product suite, Intellect® Global Universal Banking (GUB) M180. Intellect® is the world’s first pure play Service Oriented Architecture (SOA) based application suite for Retail, Corporate, Investment banking and Insurance. Its acclaimed products, solutions and services enable unprecedented operational productivity for the global Financial Services Industry by Building, Maintaining, Expanding and Extending highly complex and Integrated Financial Technology Infrastructure.

This makes Polaris the chosen partner for 9 of the top 10 global banks and 7 of the top 10 global insurance companies. The company has a global presence through its 40 relationship offices across 30 countries, 6 international development centers and 8 fully owned Business Solution centers. Polaris has a talent strength of over 13,000 solution architects, domain and technology experts. For more information, please visit http://www.polarisFT.com/.

CONTACT DETAILS
Minal Sahani, Polaris Financial Technology Ltd., +91 9176626468, minal.sahani@polarisFT.com
G. Sunanthy Devi, Polaris Financial Technology Ltd, +91 8939933564, sunanthy.g@polarisFT.com