Polaris Financial Tech spurts on launching Canvas Technology at Sibos 2013 in Dubai

18 Sep 2013

Polaris Financial Technology is currently trading at Rs 123.90, up by 5.20 points or 4.38% from its previous closing of Rs 118.70 on the BSE.

The scrip opened at Rs 122.00 and has touched a high and low of Rs 126.75 and Rs 121.35 respectively. So far 143040 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 147.30 on 20-Sep-2012 and a 52 week low of Rs 96.10 on 14-May-2013.

Last one week high and low of the scrip stood at Rs 119.85 and Rs 114.60 respectively. The current market cap of the company is Rs 1239.89 crore.

The promoters holding in the company stood at 29.14% while Institutions and Non-Institutions held 29.08% and 41.78% respectively.

Polaris Financial Technology’s Global Transaction Banking division (iGTB), provider of the world’s first complete Global Transaction Banking platform, has launched its pioneering Canvas Technology at Sibos 2013 in Dubai.

Canvas Technology, a transformative distribution technology for channel solution design, development and deployment, is an ‘ahead-of-trends’ product that enables the financial or other institution’s CIO to offer a unique omni-channel platform for end customers as well as internal users, thereby future-proofing existing investments.

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.

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