Polaris' Customer Business eXchange Rated ‘Best In Class' in

New Jersey, USA, London, UK and Chennai, Tamil Nadu, India, Tuesday, November
19, 2013 -- (Business Wire India) 
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
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/ 
Media contact details 
Minal Sahani, For Media related info,
Polaris Financial Technology Ltd.,
+91 9176626468,
G. Sunanthy Devi, For Investor related info,
Polaris Financial Technology Ltd,
+91 8939933564,
Contributed via: Bloomberg Publisher WEB Service 
Provider ID: fc510f9814df422485123553f719fd8f 
-0- Nov/19/2013 12:03 GMT
Press spacebar to pause and continue. Press esc to stop.