Polaris Launches FT 8012 - the World's First Design Center for Financial Technology

  Polaris Launches FT 8012 - the World's First Design Center for Financial

  Michael Harte, Group Executive, Enterprise Services and Chief Information
       Officer, Commonwealth Bank of Australia, inaugurates the center

Business Wire

CHENNAI, India & NEW YORK & LONDON & SINGAPORE -- April 10, 2013

Polaris Financial Technology Ltd (NSE: POLARIS; BSE: 532254), a leader in
products, solutions and services that enable unprecedented operational
productivity for the global Financial Services industry, launched its 8012 FT
Design Center - the world's first Center dedicated to Financial Technology.
The Center was inaugurated by Michael Harte, Group Executive, Enterprise
Services and Chief Information Officer, Commonwealth Bank of Australia, in
Chennai recently.

He also delivered the first FT Thought Leadership series lecture as part of
the inaugural program. The event was attended by banking and technology
experts from across the globe.

8012 FT Design Center is spread over 30,000 sq. ft and is located in the 22
acre Polaris campus on the IT Highway in Chennai. The Center is the
culmination of over two decades of the company's singular focus on the Banking
and Financial Services vertical and stands testimony to Collaborative Design
emerging as the next big game changer for Financial Technology and Financial

Financial Technology is arguably the most complex business globally, replete
with changing paradigms in Customer Experience, Operational Efficiency,
Performance, Analytics, Risk Mitigation, Integration and Security domains.
Aggressive globalisation, sharper customer orientation, multiple product lines
and generations of technologies have resulted in the serious need to
understand and reduce complexities arising out of the above. With the rich
experience and expertise developed over decades working with global Financial
Institutions, Polaris has invested in creating 8012 - a Center for
Collaborative Design, dedicated to developing Financial Technology and
reducing complexity.

Michael Harte, a global champion for leveraging Design Philosophy to create
unmatched customer experience and value, stated in his keynote, "Design
thinking is a discipline using a designer's sensibility and methods to match
people's needs with what is technologically feasible and what a viable
business strategy can convert into customer value and market opportunity. It
is an opportunity to re-frame a problem, redefine constraints and open the
field to a more innovative answer. Design Thinking is probably the greatest
game changer, given the complexities and conflicts that we deal with in the
Banking world. People we talked to about Design Thinking immediately found
similarities to Agile. When we drilled a bit deeper, it became apparent that
while there was overlap, Design Thinking was strong at defining the problem
upfront whereas Agile tends to leave that thinking to the product owner. When
deployed right, Design Thinking has huge potential to enable banks to
successfully evolve and become innovative."

Arun Jain, CEO and Chief Architect, Polaris Financial Technology, said, "The
role of the CIO in the Bank is the most challenging and complex in today's
world as it is this role that straddles the world views and perspectives of
Business, Operations and the Technology function in Banks and Financial
Institutions. Besides this, today's Global CIO has the supremely tough
imperative to balance the bank's Acceleration agenda, Rationalization agenda
and Transformational agenda. We believe Design Thinking is the most powerful
bridge to balance multiple and often conflicting imperatives. FT 8012, our
Design Center, has been thoughtfully created to bring the two powerful forces
of Design and Collaboration together.”

The Center is equipped with a holistic array of product offerings, domain-rich
solutions, proprietary frameworks and methodologies to craft impactful
solutions. The entire physical space is designed uniquely to stimulate the
collective genius of diverse teams, expand their thinking and explore
possibilities. The Center launched five major technologies that can enable
banks to deliver superior customer experience and unprecedented operational
productivity. These include:

1. Canvas technology that is envisaged to drive front-office efficiencies
2. Hub technology that will drive back-office efficiencies
3. Workplace technology that will bring out the collective genius of diverse
4. Master Process Exchange (MPX) technology to connect business and technology
5. FT Grid technology for inclusive and exclusive banking

The Design Center, 8012, is interestingly named after the coordinates of its
location, 80° longitude 12° latitude in Chennai, India, and brings together
Collaborative Design spaces, Research labs and Strategic Design rooms along
with Intellectual Property assets in a comprehensive and engaging manner. The
Center aims to provide a holistic ambience to bring business, operational and
technology agenda together, unearth the white spaces and connect the dots

Please click
http://www.polarisft.com/media/media-release/2013-April-FT-8012-Launch.asp to
download the FT8012 Inauguration pictures and Logo.

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/  and


For Media related info, please contact:
Polaris Financial Technology Ltd
Minal Sahani
Mob: +91 91766 26468
For Investor related info, please contact:
Polaris Financial Technology Ltd
G. Sunanthy Devi
Mob: +91 8939933564
Email: sunanthy.g@polarisFT.com
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