Polaris Launches iGTB - World's First Complete Global

Dubai, United Arab Emirates, Monday, September 16, 2013 -- (Business Wire India) 
Polaris Financial Technology Limited launched iGTB, the world's first complete
global transaction banking platform at Sibos, Dubai today. Building on a
worldwide customer base, the third generation iGTB platform with a built-in
Corporate Business Exchange, enables transaction banks to position themselves as
the principal bank for their corporate customers. 
With the launch of the formidable Polaris third generation iGTB with built in
Corporate Business Exchange, banks can power their way to Principal Banker
position. Polaris' iGTB will focus exclusively on transaction banking,
leveraging its successful solutions across the Global Transaction Banking (GTB)
market. iGTB is a platform to seize the tremendous global transaction banking
opportunity, estimated by the Boston Consulting Group at US $ 509 billion by
2021 at a 10.4% growth rate. Polaris's GTB division already supplies top banks
across the world with Transaction Banking solutions.  
Mr. Manish Maakan, Chief Executive Officer, Polaris iGTB, said “Transaction
Banking is about enabling financial institutions improve their day to day
business and, as such, is critical to the world's economic growth and recovery.
I am delighted that we are able to bring all the components of the complete
global transaction banking platform to financial institutions, whether they need
an integrated package or to deploy just one element to improve an existing
offering. Now corporate customers can have all their transaction needs
seamlessly integrated through a consolidated next generation portal for the
corporate user, leveraging the Customer Business Exchange. With Customer
Business Exchange we provide clients with a single fast highway to run Customer
Onboarding, Payments Services, Receivables Management, Cash Management,
Liquidity Management, Funds Control, Trade Finance and Supply Chain Finance,
singly or in an integrated set, whilst others are stuck on single track
roads.” 
Designed for complexity reduction between banks and corporate customer
operations, superior workspace design technology assures enhanced operational
productivity. 
“We are confident about this sector because several of the world's leading
global transaction banks use Polaris for transaction banking solutions, while a
large number of smaller transaction banks use the integrated package to compete
effectively using products and STP of the same top quality. The iGTB brand was
carefully chosen to build on the rich Polaris heritage and bring a sharp focus
on Global Transaction Banking (GTB),” added Mr. Maakan. 
Headquartered in London, Polaris' iGTB division has offices in New York,
Toronto, Frankfurt, Tokyo, Sydney, Singapore, Chicago, San Francisco, Sao Paulo,
Stockholm, Johannesburg, Dubai, Riyadh and Mumbai as well as the wider
geographic presence of Polaris, its parent company. 
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 Property for a comprehensive product suite. iGTB is the world's
first complete Global Transaction Banking platform, used by the world's top
transaction banks.  
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/ 
Media contact details 
Nachu Nagappan,
Polaris Financial Technology Ltd.,
+91 8939619676,
nachu.nagappan@polarisFT.com 
G. Sunanthy Devi,
Polaris Financial Technology Ltd,
+91 89399 33564,
sunanthy.g@polarisFT.com 
Contributed via: Bloomberg Publisher WEB Service 
Provider ID: 75492b355ccf4b43923d1343aa7d8584 
-0- Sep/16/2013 12:42 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.