Polaris' Customer Business eXchange (CBX) Cited as One of Only a

New Jersey, United States, London, United Kingdom and Chennai, Tamil Nadu,
India, Tuesday, December 10, 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, announced that Forrester Research, Inc. featured
the Customer Business eXchange (CBX) product from its iGTB division amongst
Internet and Cross-Channel Banking Solution providers. Polaris' CBX from iGTB
was cited in Forrester Research, Inc.'s October 2013 report titled “Market
Overview: Off-the-shelf Channel Banking Solutions can Differentiate and Manage
Cost”. 
To help application delivery teams involved in selecting and delivering channel
solutions for Internet, cross-channel, and mobile banking solutions, Forrester
surveyed fifteen vendors who have a total of fourteen Internet/cross-channel
banking solutions and nine mobile banking offerings. 
Analyzing the Internet and cross-channel function-rich banking solutions, the
Forrester report mentions that, while a number of vendors offer mobile apps,
only a few — such as Polaris — have built omnichannel apps. Polaris'
solution includes apps that can carry metadata for using the apps in different
channels. Polaris was cited along with other vendors as offering broader
solutions that support both web and mobile channels and also directly supports
additional channels, including ATM, branch, call center, kiosks, or some
combination thereof. 
Speaking at the occasion, Manish Maakan, Chief Executive Officer, Polaris iGTB
said, “We believe that the recognition by Forrester of iGTB as one of only a
few vendors that has built omnichannel apps is a clear reflection of iGTB's
growing footprint in the financial technology space. With a configurable user
interface for both banks and corporate users, CBX provides a unique customer
experience through an Omni-channel solution for mobile devices and tablets as
well as online. Leveraging CBX, both corporate and retail customers can have all
their transaction needs seamlessly integrated or deploy just one element to
improve an existing offering, through a consolidated next generation portal for
the corporate user. We believe that the citation in this well-researched and
comprehensive report underlines our growing position as the ideal technology
partner for global financial institutions.” 
Forrester reports the business functionality of Polaris' CBX as having (close
to) strong capabilities in retail banking requirements, corporate banking
requirements and private banking requirements, and mobile payment capabilities,
product catalog and single view on the customer. Polaris' solution also
displayed (close to) strong capabilities in the Hybrid Apps, Web Apps, and NFC
support in the mobile channel support category, CX configuration and CX
personalization in the customer experience category, and Back-end integration
tools in the process and integration category.  
Forrester defines a cross-channel banking platform as, “A front-end solution
that enables interactions and transactions via the web and other channels in a
cross-channel fashion, works with existing back-end solutions such as core
banking to deliver their functionality, and potentially offers additional
front-end-specific capabilities such as account aggregation, content management,
or product overviews and infrastructure for purposes like security and
integration.” 
Polaris' CBX is an installed multi-currency and multi-lingual commercial banking
solution meeting that definition, which supports the key product lines including
payments, liquidity, collection & receivables, trade, supply chain finance, and
treasury, and so allows banks to bridge the gap between product processing
engines, organized for efficiency, and serving the corporation's or individual's
value-chain needs, often cutting across multiple products. 
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 91766 26468,
minal.sahani@polarisFT.com 
G. Sunanthy Devi, For Investor related info,
Polaris Financial Technology Ltd,
+91 8939933564,
sunanthy.g@polarisFT.com 
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-0- Dec/10/2013 12:01 GMT