Polaris secures best payments infrastructure project for Mid Tier Banks award

10 May 2012 Evaluate

Polaris Financial Technology, a leading global financial technology company, has won the ‘Best Payments Infrastructure Project for Mid Tier Banks’ award at The Asian Banker Summit 2012 held in Bangkok, for its implementation at National Bank of Abu Dhabi (NBAD) for providing the bank with a global cross border and domestic payment platform. The prestigious Asian Banker IT Implementation Awards jointly recognizes banks and their vendor partners for their success in implementing IT projects and programmes.

NBAD required a payment technology platform that would enable quick deployment, future scalability, automation to improve STP and enhanced customer experience. The implementation of Polaris’ Intellect Payments has resulted in greater synergies and increased efficiencies due to centralization of the payments processing activities and the elimination of load on the branch back offices.

The Payment application system centralizes the flow of payments that is originated or received by a customer by reuse of common infrastructure components to process payments more cost efficiently. The role of the application is to push and pull all the payment transactions with a view to achieve standardized, transparent STP processes with adequate automated controls abiding desired payment policies.

Polaris Financial Technology is one of India’s leading institutions contributing to the knowledge economy of the global financial services marketplace. The company offers intellect suite of products namely intellect cards, intellect front office, intellect universal banking, intellect consumer finance, intellect cash and liquidity, intellect risk and treasury, intellect portals, intellect wealth management and intellect securities services.

Peers
Company Name CMP
TCS 3883.55
Infosys 1498.80
HCL Tech. 1543.30
Wipro 480.05
Tech Mahindra 1250.40
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