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

Chennai, Tamil Nadu, India, New York, Unites States, London, United Kingdom and,
Singapore, Wednesday, April 10, 2013 -- (Business Wire India) 
Polaris Financial Technology Ltd, 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 Institutions.  
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
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
To view the photograph, please click on the link given below: 
Michael Harte, Group Executive, Enterprise Services and Chief Information
Officer, Commonwealth Bank of Australia, inaugurated the center 
Media contact details 
Minal Sahani,
Polaris Financial Technology Ltd.,
+91 9176626468,
G. Sunanthy Devi, Investor,
Polaris Financial Technology Ltd,
+91 8939933564,
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-0- Apr/10/2013 12:48 GMT
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