Polaris offers Consulting Services for determination of application efficiency of one or more applications relating to the Banking Industry, using the Polaris proprietary COPARIS framework. Banks need to know how efficient their current applications are in terms of various parameters so as to leverage them better and identify areas of improvement. This can result in significant business-technology throughput while reducing TCO through:
- Improved customer experience
- Better utilization, lower cost of IT management
- More STP, IT rationalization, reduced redundancy
- Redeployment of resources
- Reduced risk
For banks that have recently merged with or acquired other banks, COPARIS helps assess application capacity/ efficiency through simulations to ensure there is no compromise in customer experience.
The key tenets of the framework are:
C: Customer Experience
O: Operational Efficiency
P: Performance
A: Analytics
R: Risk Management
I: Integration
S: Security