Polaris FT has been named as a Leader in the Magic Quadrant for International Retail Core Banking for 2012 report for its Intellect Global Universal Banking (GUB).

“The evaluation began with 36 product candidates for the 2012 Magic Quadrant for IRCB, and resulted in a qualified group of 19 vendor/product offerings that represent the major movers in the retail core banking system market. This final group submitted information ranging from long-term strategies to product road maps. Additionally, Gartner conducted interviews with nearly 40 reference banks that encompassed all vendor/product participants, except ICSFS, InfrasoftTech, Open Solutions and TCS. This assists in resolving the placement of group finalists on the Magic Quadrant.”.

Speaking on the occasion Mr. Arun Jain, Founder, Chairman & CEO, Polaris Financial Technology, said, "We believe our position in the Leaders Quadrant reiterates Polaris’ in-depth banking domain expertise and contemporary technology knowledge, making Intellect core banking offering for retail, corporate and central banks, the world’s most sophisticated core banking solution. By delivering unprecedented operational productivity through its suite of solutions, Polaris today is privileged to serve 9 out of top 10 banks in the world. "

Polaris' Intellect GUB, superior in technology and functionality, is a pure play Service Oriented Architecture (SOA) based application suite, comprising Core banking, Lending, Trade, Treasury and Internet banking for delivering mission-critical solutions to manage the complete lifecycle of banking operations. As a feature-rich comprehensive enterprise banking solution, it addresses the critical need for a scalable, flexible, secure and customer centric core-banking platform.

As per Gartner, Leaders are “Vendors that demonstrate strong development methodologies, and all of these vendors have a measurable strategy for disaggregating core banking software functionality into component-based constructs. Many vendors possess methodologies for quality assurance or execute on a strategic road map to attain certification. Most vendors maintain a strong banking market understanding through methodical processes and have extensive marketing delivery and sales channels. Although there are many well-balanced vendors/products in this quadrant, some are in transition and possess evolving products, process maturity or both.”

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