Polaris Moves Up to the 34th Position among Top Global Financial Technology Providers in FinTech 100

  Polaris Moves Up to the 34th Position among Top Global Financial Technology
  Providers in FinTech 100

Move up by 4 positions reflects the company’s growth from innovative solutions

Business Wire

JERSEY CITY, N.J. & LONDON &CHENNAI, India -- November 7, 2013

Polaris Financial Technology Limited, a leader in products, solutions and
services that enable unprecedented operational productivity for the global
Financial Services industry, announced today that it has moved up four
positions to rank 34 on the FinTech 100 for 2013. This annual international
listing ranks top vertical technology service providers who derive more than
one third of their revenue from the Banking Industry as named by American
Banker, Bank Technology News and IDC Financial Insights.

“Our move up on the FinTech 100 ranking is recognition of Polaris’ leading
presence in the global financial services market,” said Arun Jain, Founder,
Chairman & Group CEO, Polaris Financial Technology Limited. “This year’s
ranking is a testament to our continued commitment towards delivering
innovative, cost efficient and high performance solutions that power the
change initiatives of leading global banks and financial enterprises. The
current FinTech ranking is a direct result of the growing footprint of our
transformative technological solutions across financial institutions
worldwide, uniquely positioning Polaris as the transformation specialist.”

Polaris launched the world’s first financial technology design centre, FT
8012, to engineer solutions that drive unprecedented value by uniquely
connecting business, technology and operations in the design process. Polaris’
introduction of Design Thinking as a key differentiator in developing
solutions for the transformative agendas of CIOs of banks and financial
institutions worldwide, has established the company as a thought leader with
game changing solutions, emerging from a collaborative design process.

The company’s deep domain expertise coupled with design capabilities saw the
launch of three path breaking solutions at a recent annual banking and
financial conference: iGTB - The world's first complete Global Transaction
Banking Platform; Payments Hub - A real-time payments solution that minimizes
operational risk and improves the Straight Through Processing rate to over
90%; and the revolutionary Canvas Technology - An Omni-Channel solution that
enables role-based efficiencies for Financial Institutions. This follows the
growing international footprint of Polaris’ Intellect, a pure play Service
Oriented Architecture (SOA) based application suite that spans Retail Banking,
Corporate Banking, Treasury and Liquidity Management, Core Banking, Capital
Markets, Asset & Wealth Management and Insurance. Backed by relentless
commitment to better Design, Diagnostics and Delivery, Polaris is fast
emerging as the ideal partner for banks’ and financial enterprise's
transformation initiatives.

For more information about the rankings, visit
http://www.idcfi.com/services/fintech100.jsp
To view the FinTech Special report, visit
http://www.americanbanker.com/fintech100/

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/.

Contact:

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