Tuesday, September 17, 2013

Polaris Launches iGTB - World's First Complete Global Transaction Banking Platform

ME NewsWire / BusinessWire

DUBAI, U.A.E - Monday, September 16th 2013



Polaris Financial Technology Limited launched iGTB, the world's first

complete global transaction banking platform at Sibos, Dubai today.

Building on a worldwide customer base, the third generation iGTB

platform with a built-in Corporate Business Exchange, enables

transaction banks to position themselves as the principal bank for

their corporate customers.

With the launch of the formidable Polaris third generation iGTB with

built in Corporate Business Exchange, banks can power their way to

Principal Banker position. Polaris’ iGTB will focus exclusively on

transaction banking, leveraging its successful solutions across the

Global Transaction Banking (GTB) market. iGTB is a platform to seize

the tremendous global transaction banking opportunity, estimated by

the Boston Consulting Group at US $ 509 billion by 2021 at a 10.4%

growth rate. Polaris’s GTB division already supplies top banks across

the world with Transaction Banking solutions.

Mr. Manish Maakan, Chief Executive Officer, Polaris iGTB, said

“Transaction Banking is about enabling financial institutions improve

their day to day business and, as such, is critical to the world’s

economic growth and recovery. I am delighted that we are able to

bring all the components of the complete global transaction banking

platform to financial institutions, whether they need an integrated

package or to deploy just one element to improve an existing

offering. Now corporate customers can have all their transaction

needs seamlessly integrated through a consolidated next generation

portal for the corporate user, leveraging the Customer Business

Exchange. With Customer Business Exchange we provide clients with a

single fast highway to run Customer Onboarding, Payments Services,

Receivables Management, Cash Management, Liquidity Management, Funds

Control, Trade Finance and Supply Chain Finance, singly or in an

integrated set, whilst others are stuck on single track roads.”

Designed for complexity reduction between banks and corporate

customer operations, superior workspace design technology assures

enhanced operational productivity.

“We are confident about this sector because several of the world’s

leading global transaction banks use Polaris for transaction banking

solutions, while a large number of smaller transaction banks use the

integrated package to compete effectively using products and STP of

the same top quality. The iGTB brand was carefully chosen to build on

the rich Polaris heritage and bring a sharp focus on Global

Transaction Banking (GTB),” added Mr. Maakan.

Headquartered in London, Polaris’ iGTB division has offices in New

York, Toronto, Frankfurt, Tokyo, Sydney, Singapore, Chicago, San

Francisco, Sao Paulo, Stockholm, Johannesburg, Dubai, Riyadh and

Mumbai as well as the wider geographic presence of Polaris, its

parent company.

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/

Contacts

Polaris Financial Technology Ltd

Media:

Nachu Nagappan, +91 8939619676

nachu.nagappan@polarisFT.com



Investors:

G. Sunanthy Devi, +91 8939933564

sunanthy.g@polarisFT.com







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