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Polaris Financial Technology Ltd

15 June 2012:

Polaris  Financial  Technology  Ltd.  (POLS.BO),  a  leading  global Financial  Technology  company,  announced  that  the  company  received  the  HP  AllianceONE Partner  of  the  Year  Award  in  the  Converged  Infrastructure  Solutions  category.  Polaris  was recognized for its one of a kind Central Bank Core Banking Solution (CBS) implemented at the Reserve Bank of India (RBI).
The HP AllianceONE Partner of the Year Awards are presented to a selected set of HP business partners  for  their  outstanding  accomplishments  in  the  development  and  delivery of  innovative solutions  that  facilitate  the  raise  of  business  excellence  standards  and  client  satisfaction.  The award mainly recognizes companies, who in collaboration with HP deliver solutions that drive significant business outcomes.
The  solution  from  Polaris  is  a  one  of  a  kind  Central  Bank  CBS  with  a  complete  integrated converged infrastructure encompassing state of the art products/technologies from both Polaris & HP. Being the first integrated money and securities central bank solution in the world, it helps integrate operations of banking services, government services and financial security operations replacing  several  disparate  legacy  systems.  The  Central  Bank  solution  from  Polaris  has  been built  to  handle  extremely  large  volume  of  transactions  and  the  architecture  of  the  solution supports progressive reforms and growth.
Polaris’ Central Bank CBS solution, is the only solution implemented that includes Intellect as well  as  end  to  end  stack  from  HP  comprising  of  HP  Servers,  Storage,  HP  EMS,  HP  Data protector etc. which enables complete solution maintenance for the customer for a decade. The solution  powered  with  HP  Converged  Infrastructure,  implemented  at  RBI,  helps  the  customer significantly increase financial efficiency and improve staff productivity.
Commenting  on  the  award,  K  Srinivasan,  EVP  &  Geography  Head,  Indian  Subcontinent, Middle East, and Africa (IMEA), Polaris Financial Technology Ltd. said, “Intellect CBS for Central Banks is the first integrated money and securities solution in the world which comes with depository  and  security  settlement  with  DVP-3  capabilities,  supports  public  debt  management and  connects  to  government  payment  gateways.  HP  AllianceONE  Partner  of  the  Year  Award further  reiterates  Polaris’  strong  leadership  and  collaboration  in  helping  customers  realize  the value of Converged Infrastructure solutions in vertical industries and horizontal solutions across
the world.”
Doug Oathout, Vice  President, Global Marketing, Enterprise  Group, HP said,  "IT sprawl
and siloed infrastructure  are the primary barriers  to the speed and agility customers require to keep pace with enterprise demand. HP and AllianceONE partners like Polaris collaborate to help customers improve agility and reduce costs through the use of HP Converged Infrastructure."
About Polaris Financial Technology Ltd.
Polaris Financial Technology Ltd (formerly known as Polaris Software Lab Ltd.) (POLS.BO) is a leading Financial  Technology  company,  with  its  comprehensive  portfolio  of  products,  services  and  consulting. Polaris  has  a  talent  strength  of  over  12,000  solution  architects,  domain  and  technology  experts.  The company owns  the  largest  set  of  Intellectual  Properties  in  the  form  of  a  comprehensive  product  suite, Intellect  GUB  M180.  Intellect  is  the  first  pure  play  SOA  based  application  suite  for  Retail,  Corporate, Investment banking and Insurance.
Polaris  is  headquartered  in  Chennai  and  has  offices  in  all  global  financial  hubs  including  Bangalore, Belfast, Chennai, Chicago, Dubai, Dublin, Frankfurt, Hong Kong, Ho Chi Minh City, Hyderabad, Illinois, Kuala Lumpur, London, Madrid, Manama, Melbourne, Mississuaga, Mumbai, Neuchatel, New Delhi, New Jersey,  Paris,  Pittsburgh,  Pune,  Riyadh,  Santiago,  San  Francisco,  Seoul,  Shanghai,  Singapore,  St. Germain En Laye, Sydney, Thane, Tokyo, Toronto, Utrecht, Victoria and Wicklow. For more information, please visit http://www.polarisFT.com/
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