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Polaris Launches Research, Innovation & Development Centre in Belfast

  Polaris Launches Research, Innovation & Development Centre in Belfast

  Dedicated Financial Technology Centre for European Financial Institutions

Business Wire

CHENNAI, India & LONDON & NEW YORK -- February 18, 2013

Polaris Financial Technology Ltd (POLS.BO), a leader in products, solutions
and services that enable unprecedented operational productivity for the global
Financial Services industry, today announced the launch of its Research,
Innovation and Development Centre (RIDC) in its Belfast Centre, UK. This
launch enables Polaris to strengthen its leadership position by establishing a
dedicated near-shore RIDC, in order to support transformational outsourcing
programs for its strategic customers in Europe.

With the active involvement of the UK Trade & Investment (UKTI), the current
Centre in Belfast is being enhanced to bring RIDC competencies to drive
business outcomes to Polaris' customers in Europe along with the near-shore
advantage.

The RIDC will leverage the Intellectual Property expertise from Polaris' FT
Research to drive holistic business outcomes in seven dimensions, namely: 1.
Customer Experience 2. Operations 3. Performance 4. Analytics 5. Risk &
Compliance 6. Integration and 7. Security.

The RIDC will also offer expertise on the cloud, in the form of consulting &
product offerings, through one of its flagship Centres of Excellence, namely
the FT Grid.

Commenting on Polaris’ expansion in Belfast, David Cameron, Prime Minister of
the United Kingdom said, “It’s great to see Polaris expanding in Northern
Ireland with the introduction of new innovative computing services and
creating new jobs in Belfast.”

Speaking on the occasion, Bikash Mathur, Head - Europe Business, Polaris
Financial Technology Limited, said, “Our Belfast Centre is central to our
expansion plans in Europe as it enables us to work closely with our customers
to manage their business outcomes. Our choice of Belfast to locate our near
shore centre was determined by the cost of operations and availability of
skilled talent in the area, very vital to the complex financial services world
that we operate in. With active collaboration with the UKTI, the Belfast RIDC
would be able to bring in our powerful banking & insurance technology
solutions for mission critical engagements and transformational outsourcing
programs for the European financial institutions."

About UK Trade & Investment (UKTI)
UK Trade & Investment (UKTI) works with UK-based businesses to ensure their
success in international markets, and encourage the best overseas companies to
look to the UK as their global partner of choice.

UKTI has a customer commitment to helping its UK and international customers
by providing a range of services, to a high standard and improve customer
service by listening to customer feedback. They also have a co-ordination role
across government to establish a more systematic approach to relationships
with companies which are the most economically significant investors and
exporters. For more information, please visit
http://www.ukti.gov.uk/home.html?guid=none

About Polaris Financial Technology Ltd
Polaris Financial Technology Ltd (formerly known as Polaris Software Lab Ltd)
(POLS.BO) is a leader in Products, Solutions and Services that enable
unprecedented operational productivity for the global Financial Services
industry with its comprehensive portfolio of products and services. Polaris
has a talent strength of over 13,000 solution architects, domain and
technology experts. The company owns the largest set of Intellectual
Properties for a comprehensive product suite, Intellect^® Global Universal
Banking (GUB) M180. Intellect^® is the first pure play Service Oriented
Architecture (SOA) based application suite for Retail, Corporate, Investment
banking and Insurance.

Headquartered in Chennai, Polaris has offices in all global financial hubs,
including Bangalore, Belfast, Chennai, Chicago, Dhaka, Dublin, Dubai,
Frankfurt, Hong Kong, Ho Chi Minh City, Hyderabad, Kuala Lumpur, Lisle,
London, Madrid, Manila, Melbourne, Mississauga, Mumbai, Nairobi , Neuchatel,
New Delhi, New York (New Jersey), Paris, Pittsburgh, Pune, Riyadh, Santiago,
San Francisco, Seoul, Shanghai, Singapore, St. Germain En Laye, Sydney, Thane,
Tokyo, Toronto, Victoria and Wicklow. For more information, please visit
http://www.polarisFT.com/

Contact:

Polaris Financial Technology Ltd
Media:
Minal Sahani, +91 91766 26468
minal.sahani@polarisFT.com
or
Investors:
G. Sunanthy Devi, +91 8939933564
sunanthy.g@polarisFT.com
 
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