Polaris launches Research, Innovation & Development Centre in

Chennai, Tamil Nadu, India and London (UK), New York (USA), Monday, February 18,
2013 -- (Business Wire India) 
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
Media contact details 
Minal Sahani, For Media,
Polaris Financial Technology Ltd.,
+91 91766 26468,
G. Sunanthy Devi, For Investors,
Polaris Financial Technology Ltd,
+91 8939933564,
Contributed via: Bloomberg Publisher WEB Service 
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-0- Feb/19/2013 06:12 GMT
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