Polaris’ Customer Business eXchange Rated ‘Best In Class’ in Independent Research Group’s Commercial Online Banking

  Polaris’ Customer Business eXchange Rated ‘Best In Class’ in Independent
  Research Group’s Commercial Online Banking Report

Polaris’ Intuitive Front-end Solution with Omni-channel role-based efficiency
    recognized as Best-in-Class for User Experience and Design & Security

Business Wire

JERSEY CITY, N.J. & LONDON & CHENNAI, India -- November 19, 2013

Polaris Financial Technology Limited, a leader in products, solutions and
services that enable unprecedented operational productivity for the global
Financial Services industry, recently announced that the Customer Business
eXchange (CBX) product from its iGTB division was recognized as a ‘Best in
Class’ offering for User Experience and Design & Security. Polaris earned this
recognition in CEB TowerGroup’s annual Commercial Online Banking Technology
Analysis report.

With CBX, the Configure-Once, Run-Anywhere (CORA) and Information, Analytics,
Decision and Transaction (IADT) paradigms can help create role-based
interfaces with configurable and self-sustained applications that provide a
unique customer experience through an Omni-channel solution for mobile devices
and tablets as well as online. These applications are offered to the bank’s
corporate or retail customers within customizable, self-contained business
services that are context aware and automatically enforce entitlements. The
solution does not require banks to invest heavily in portal technologies as
the apps can exist in simple application server containers and coexist with
other external apps as well. These apps provide a unique aggregated view of
the entire relationship of the corporate with the bank and help the bank to
introduce new products on the fly, resulting in more revenue streams.

Joanne Pollitt, Senior Director, CEB TowerGroup,  said, “Polaris’ CBX is a
flexible, communication-based online banking solution for commercial banks
structured around the user’s ability to communicate. The ability to include a
wide range of modules within the offering from the Polaris product line allows
the bank to support all corporate services through a single offering and
common interface. The solution also provides analytics capabilities to track
and store user preferences, and to support the bank in cross-sell and other
business initiatives.”

Speaking at the occasion, Manish Maakan, Chief Executive Officer, Polaris
iGTB, said, “We are honored to be ranked ‘Best in Class’ by CEB TowerGroup
analysts. Our revolutionary CBX solution delivers role-based efficiency with
extensive analytics for decision making, enabling banks to address the needs
of their employees and customers with greater agility and assurance. Banks are
continuously evolving their focus on customers to drive user-centric
experiences that empathize with their roles played while interacting with the
bank's service platforms. Being recognized as ‘Best in Class’ for User
Experience and Design & Security validates our continued focus on design and
innovation to reduce complexity in financial institutions.”

Polaris’ CBX is an installed multi-currency and multi-lingual commercial
banking solution, which supports the following product lines: payments,
liquidity, collection & receivables, trade, supply chain finance, and
treasury. With a configurable user interface for both banks and corporate
users, the solution allows individuals to create multiple workspaces depending
on their daily or weekly needs. CBX integrates to the full range of Polaris’
commercial banking products as required. The following product attributes were
highlighted in the CEB TowerGroup analysis:

  *Financial Technology Message Hub: Polaris offers a configurable
    middle-ware solution based on SOA to allow banks to interface CBX with
    legacy, core, and third-party systems. The hub models transaction flows
    with various message types to communicate with external host systems.
  *Extended Fraud Management Capability: For primary fraud prevention, CBX
    integrates into a firm’s existing fraud management system. In addition
    though, banks can configure the solution to provide user notifications of
    specific fraud actions and provides a configurable audit log of all user
    activity within the system for easy tracking.

Technology Assessment Disclaimer
CEB does not endorse any vendor, product or service depicted in our CEB
TowerGroup publications and does not advise technology users to select only
those vendors rated “best in class.” CEB TowerGroup research publications
consist of the opinions of CEB TowerGroup’s analysts and should not be
construed as statements of fact. CEB disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.

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/.

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
 
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