Polaris FT Launches the Financial Forensics Platform - A Big Data Anti Money
Leverages Hortonworks to apply Big Data to preclude fraud and money laundering
JERSEY CITY, N.J. & LONDON & CHENNAI, India -- November 12, 2013
Polaris Financial Technology Limited, a leader in products, solutions and
services that enable unprecedented operational productivity for the global
Financial Services industry, recently launched the Financial Forensics
Platform at the FT Design Series in London. Polaris will use Hortonworks, a
leading contributor and provider of enterprise Apache™ Hadoop^®, a strategic
element of the solution.
With the goal of addressing the Money Laundering and Fraud issues faced by
financial institutions, Polaris unveiled a unique platform named ‘Financial
Forensics Platform’ (FFP). As a modular solution, FFP will help rapidly
investigate irregularities, specifically those relating to Anti Money
Laundering (AML), Fraud, and Risk & Regulatory. The launch received an
unprecedented level of interest, as the AML module of FFP was showcased to
CIO’s, Business & Technology Heads and Senior Data Architects from leading
banks in the UK and Europe.
Built using Polaris’ and Hortonworks’ state-of-the-art technology, FFP will
enable the processing of structured, semi-structured and unstructured data in
a bank’s existing system. The solution will complement the bank’s existing AML
solution, and provide the ability to process enormous data efficiently with
critical business analytical abilities that Big Data enables.
Speaking at the launch, Jitin Goyal, CEO, Polaris FT Services said, “As an
advanced solution, designed based on Big Data techniques, FFP comes at a right
time, when banks are in dire need to handle myriad of challenges from economic
conditions, with regulators heavily clamping down on financial institutions.
This platform will help recognise and prevent fraudulent activities in near
Polaris is now working with various banks and industry bodies to swiftly
onboard this solution, to help them lead the battle from the front as well as
help their partners across the globe.
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/.
Polaris Financial Technology Ltd
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G. Sunanthy Devi
Mob: +91 8939933564
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