Polaris Financial Technology has executed definitive agreements for the divestment of its shares in its subsidiary IdenTrust Inc., a US Corporation. The divestment was made to be in compliance with an order of November 2012 from the regulatory body Committee on Foreign Investment in United States (CFIUS) directing the company to divest its entire equity in IdenTrust Inc.
Polaris is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking. Polaris services over 200 banks across the world, including 9 of the top 10 banks, with a comprehensive suite of products, services and consulting offerings.
