Press Release Archive

Polaris' Q2 FY 15 revenues at Rs. 477 Cr

Polaris Consulting & Services Ltd (formerly known as Polaris Financial Technology Limited), a leader in solutions and services that enable unprecedented operational productivity for the global Financial Services industry, announced today its results for the second quarter of FY15 post the demerger of the products business.

Press Information Note

Polaris Financial Technology Ltd, a leader in solutions and services that enable unprecedented operational productivity for the global Financial Services industry, traded ex-Products business as of yesterday, 9th October 2014. The share price of Polaris Financial Technology Ltd, representing its Services business alone, closed at Rs 213.95 on the BSE and Rs 210 on the NSE at the end of day on 9th October 2014.

Polaris launches Intellect Digital Branch Solution

Polaris Financial Technology Limited’s Consumer Banking Division announced today the launch of its Intellect Digital Branch solution. The World’s first App based integrated Sales, Services & Teller platform for branches will enable banks simplify banking with faster execution and effective engagement at a lower cost.

Ullas Trust 'Ignites' over 1 Lakh Young Minds

Ullas Trust, Polaris' social transformation initiative, conducted its 17th Ullas Annual Workshop at The Music Academy in Chennai. The 'Can Do' workshop was conducted by Arun Jain, Chairman & Managing Director, Polaris Financial Technology...

Polaris bags 'Best Implementation of Green IT' Award at National IT Leadership and Excellence Award ceremony

Polaris was awarded the 'Best implementation of Green IT' award at the National IT Leadership and Excellence Award ceremony by the Asia Outsourcing Congress. Through this award, Asia Outsourcing Congress recognizes Polaris for taking the impactful effort in reducing harmful effects on the environment and in creating a green and sustainable IT ecosystem.

Vietnam Bank for Social Policies goes live with Polaris Intellect Core Banking Solution

The Vietnam Bank for Social Policies, a government owned bank taking the lead in policy and microfinance has gone live with Polaris state-of-the-art Intellect Core Banking Solution (CBS) in all its 692 branches spread across Vietnam. Intellect CBS deployed provides rich MIS reports on demand to effectively manage VBSP’s socio-policy based Lending programs and helps the bank monitor the operations spread across Vietnam. The solution allows the bank to efficiently evaluate the success of various socio-policy lending programs.

Mashreq Bank wins Celent Model Bank Award for integrated Global Transaction Banking using iGTB from Polaris

Polaris iGTB division is delighted to announce that UAE’s leading financial institution Mashreq, using iGTB from Polaris, was recognized with a Celent Model Bank 2014 Award for innovation in Cash Management and Trade Finance for Matrix Integrated Global Transaction Banking from prestigious research and consulting firm Celent, naming it “one of the first integrated Cash Management Suites offered by any bank globally.”

Swedish Central Bank Modernizes Collateral Management System with Polaris Intellect Quantum Solution

Polaris has announced today that Sweden’s central bank, Sveriges Riksbank, the oldest central bank in the world, has chosen to implement Polaris Intellect Quantum Collateral Management System (QCMS). The Collateral Management System is part of Polaris Intellect Quantum Banking suite of Central Bank Solutions – the world’s first integrated money and securities solution for Central banks.

Polaris launches Life Claims in the Cloud at the ACORD LOMA Forum 2014

Polaris announced the launch of Life Claims in the Cloud at the recently held annual Association for Cooperative Operations Research and Development (ACORD) LOMA Forum in Orlando, Florida. Life Claims in the Cloud helps life, annuity and health carriers harness the power of cloud computing to run a claims solution for as low as $10,000/month without any lead time to deploy.

Polaris announces demerger of Products Business

Polaris announced today the demerger of its Products (Intellect) business into an independent entity. The company will be filing the Scheme of Demerger with the Stock Exchanges, SEBI and High Court as per extant regulations. After demerger and subject to approval from regulatory authorities and shareholders, the Product Company will be known as Intellect Design Arena Ltd (Intellect) and comprise of four distinct businesses : Global Consumer Banking; Risk and Treasury Management; Global Transaction Banking and Insurance. Polaris Financial Technology Ltd (Polaris) will continue to run the Services Business with a strong vertical and solution focus.

Announcement from Polaris Financial Technology

Polaris is not for sale. The company is poised to leverage its rich assets in banking and technology to accelerate growth of its two distinct businesses – Products (Intellect) business and IT Services business...

Polaris launches NACH-ready Payments Services Hub for India

Polaris announced the launch of its NACH-ready India Payments solution. The solution is compliant with major payments systems in the country including National Automated Clearing House (NACH), Next-Generation Real Time Gross Settlement (NGRTGS) and National Electronic Funds Transfer System (NEFT).

Polaris Wins the Data Security Council of India Excellence Award 2013

The Data Security Council of India (DSCI) has named Polaris as the winner of the 2013 DSCI Excellence Award in Security in IT Services (Large) category. The award was given in recognition of Polaris‟ excellence in the area of Information Security and for establishing innovative security processes for its corporate clients.
06 January 2014 |Download PDF

Polaris Launches Intellect Claims

Quick, Accurate and Easy End-To-End Claims Processing Solution with Role-Based Workstations Providing Superior Customer Experience...
21 June 2012 |Download PDF