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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