CHENNAI, INDIA, August 15, 2012 (Press-News.org) Polaris Financial Technology Ltd., a leading global Financial Technology Company, today announced that Everest Group, a consulting and research firm on global services, has recognised Polaris as a 'Star Performer' and 'Major Contender' on the Everest Group PEAK Matrix for large Banking Applications Outsourcing Relationships 2012*.
Everest Group evaluated leading global IT vendors servicing large (_$25 million), multi-year (_3 years) applications outsourcing engagements specific to the banking sector in terms of delivery capability and market success. It issues this report annually, measuring procurement service providers on its proprietary Performance - Experience - Ability - Knowledge (PEAK) Matrix.
Everest Group designates the 'Star Performers' title to providers that demonstrate the strongest forward movement over time on the PEAK Matrix. To assess advancements on market success, Everest Group evaluates the performance across a number of parameters including, yearly Average Contract Value growth, number of new contracts signed, number of contract extensions and value of new contract signings. Advancements on capability are evaluated across parameters including, annual growth in scale, increase in scope of services, expansion of delivery footprint, and technology/domain specific investments.
"Polaris significantly expanded its Applications Outsourcing client base in the Banking sector in 2011," said Jimit Arora, Vice President, Everest Group. "The provider has also strengthened its banking AO delivery capability through headcount ramp up and investments in augmenting domain-specific and functional capabilities. Given this, Polaris'movement on our banking AO PEAK Matrix is impressive and deserving of the Star Performer status."
Mr. Govind Singhal, Chief Operating Officer, Polaris Financial Technology Ltd. said, "This report reiterates Polaris' Financial Technology leadership across the globe. Polaris is one of the 4 service providers out of the 23 assessed providers which have been awarded the 'Star Performer' rating which reinforces our strong focus and growing success in the BFSI - Applications Outsourcing market."
* The top-quartile performers on each of the specified parameters are identified and the 'Star Performer' rating is awarded to the service providers with the maximum number of top-quartile performances across all parameters and at least one area of top-quartile performance in both market success and capability advancement.
About Everest Group
Everest Group is an advisor to business leaders on the next generation of global services with a worldwide reputation for helping Global 1000 firms dramatically improve their performance by optimizing their back- and middle-office business services. With a fact-based approach driving outcomes, Everest Group counsels organizations with complex challenges related to the use and delivery of global services in their pursuits to balance short-term needs with long-term goals. Through its practical consulting, original research and industry resource services, Everest Group helps clients maximize value from delivery strategies, talent and sourcing models, technologies and management approaches. Established in 1991, Everest Group serves users of global services, providers of services, country organizations and private equity firms, in six continents across all industry categories. For more information, please visit www.everestgrp.com and research.everestgrp.com
About Polaris Financial Technology Ltd.
Polaris Financial Technology Ltd (formerly known as Polaris Software Lab Ltd.) (POLS.BO) is a leading Financial Technology company, with its comprehensive portfolio of products, services and consulting. Polaris has a talent strength of over 12,000 solution architects, domain and technology experts. The company owns the largest set of Intellectual Properties in the form of a comprehensive product suite, Intellect GUB M180. Intellect is the first pure play SOA based application suite for Retail, Corporate, Investment banking and Insurance.
Polaris is headquartered in Chennai and has offices in all global financial hubs, including Bangalore, Belfast, Chennai, Chicago, Dhaka, Dublin, Dubai, Frankfurt, Hong Kong, Ho Chi Minh City, Hyderabad, Kuala Lumpur, Lisle, London, Madrid, Manila, Melbourne, Mississuaga, Mumbai, Nairobi , Neuchatel, New Delhi, New Jersey, Paris, Pittsburgh, Pune, Riyadh, Santiago, San Francisco, Seoul, Shanghai, Singapore, St. Germain En Laye, Sydney, Thane, Tokyo, Toronto, Victoria and Wicklow. For more information, please visit http://www.polarisFT.com/.
For Media related info, please contact:
Dwaipayan Deb
Polaris Financial Technology Ltd.
Mob: +91 99625 36442
Email: dwaipayan.d@polarisFT.com
For Investor related info, please contact:
G. Sunanthy Devi
Polaris Financial Technology Ltd.
Mob: +91 8939933564
Email: sunanthy.g@polarisFT.com
Everest Group Recognizes Polaris as a Star Performer and Major Contender on the PEAK Matrix...for Large Banking Applications Outsourcing Relationships
Polaris Financial Technology Ltd. announced that Everest Group, a consulting and research firm on global services, has recognised Polaris as a 'Star Performer' and 'Major Contender' on the Everest Group PEAK Matrix.
2012-08-15
ELSE PRESS RELEASES FROM THIS DATE:
NR Card(TM) Transforms Your Nook into an Android Tablet: No, Seriously!
2012-08-15
360 Mobile Solutions has launched its NRCard(TM), a dual bootable microSD memory card that allows users to run both the native Nook OS and Android 2.3 Gingerbread OS on the Nook Color and Nook Tablet eReaders. The Android OS boots from the card vs. the system, avoiding warranty forfeiture.
"eReaders [like the Nook and Kindle] were actually around before the tablet, and we find people using them more and more as the demand for technology grows, and our economy, unfortunately doesn't," says Malik Shamsuddin, 360 Mobile Chief Marketing Officer. "We wanted ...
PETA, PCRM address ICCVAM 5-year plan
2012-08-14
In public comments submitted today, People for the Ethical Treatment of Animals (PETA) and the Physicians Committee for Responsible Medicine (PCRM) charged that the National Toxicology Program Interagency Center for the Evaluation of Alternative Toxicological Methods (NICEATM) Interagency Coordinating Committee on the Validation of Alternative Methods (ICCVAM) continues to fail at implementing its Congressional mandate to facilitate the uptake of nonanimal testing methods government-wide. Specifically, the groups charge that ICCVAM's Draft Five-Year Plan (2013-2017):
inappropriately ...
Graphene's behavior depends on where it sits
2012-08-14
CAMBRIDGE, Mass. — When you look at a gift-wrapped present, the basic properties of the wrapping paper — say, its colors and texture — are not generally changed by the nature of the gift inside.
But surprising new experiments conducted at MIT show that a one-atom-thick material called graphene, a form of pure carbon whose atoms are joined in a chicken-wire-like lattice, behaves quite differently depending on the nature of material it's wrapped around. When sheets of graphene are placed on substrates made of different materials, fundamental properties — such as how the ...
Seeds of hope amidst Philippine floods
2012-08-14
Amidst horrendous flooding around Manila and major rice-growing across Luzon in the Philippines, some good news has emerged for rice farmers – Submarino rice – rice that can survive around 2 weeks of being under water.
Rice is unique because it can grow well in wet conditions where other crops cannot, but if it is covered with water completely it can die, leaving flooded farmers bereft of income.
Submarino rice was bred by the International Rice Research Institute (IRRI) and can survive floods if they occur before flowering. The latest Submarino variety was released ...
Remaking history: A new take on how evolution has shaped modern Europeans
2012-08-14
Investigators reporting in the Cell Press journal Trends in Genetics say that new analytical techniques are changing long-held, simplistic views about the evolutionary history of humans in Europe. Their findings indicate that many cultural, climatic, and demographic events have shaped genetic variation among modern-day European populations and that the variety of those mechanisms is more diverse than previously thought.
Recent advances in paleogenetics are providing never-before-seen glimpses into the complex evolution of humans in Europe, helping researchers piece together ...
Scientists decode TREX which could see new treatments for cancer realized
2012-08-14
Decoded process could hold the key to future treatments for a wide range of chronic health problems including Motor Neuron Disease, myotonic dystrophy and a wide range of cancers, University of Sheffield scientists have revealed.
Experts from the University's Department of Molecular Biology and Biotechnology, collaborating with scientists from Harvard Medical School in the USA, have revealed how a complicated set of proteins called TREX act as a passport for the transfer of cell blueprints which create proteins that are essential for life.
The researchers believe ...
First GWAS studies of obsessive-compulsive disorder and Tourette syndrome published
2012-08-14
Two papers that will appear in the journal Molecular Psychiatry, both receiving advance online release, may help identify gene variants that contribute to the risks of developing obsessive-compulsive disorder (OCD) or Tourette syndrome (TS). Both multi-institutional studies were led by Massachusetts General Hospital (MGH) investigators, and both are the first genome-wide association studies (GWAS) in the largest groups of individuals affected by the conditions.
"Previous studies of these disorders have demonstrated that both TS and OCD are strongly heritable and may ...
GWU consensus report outlines new approaches for evaluating benefits and risks of obesity drugs
2012-08-14
WASHINGTON, D.C. – The George Washington University School of Public Health and Health Services (GW) today released a report representing consensus findings from a cross-section of stakeholders that could help transform the process used to evaluate interventions to treat obesity, a public health crisis that now affects one in three adults. The report, "Obesity Drug Outcome Measures," results from a stakeholder dialogue group convened by GW that, over a period of nine months, explored why development and approval of obesity drugs have proven so difficult.
"At a time when ...
Potent human toxins prevalent in Canada's freshwaters
2012-08-14
Ottawa, Ontario (August 14, 2012) – Nutrient pollution, one of the greatest threats to our freshwater resources, is responsible for the algal blooms that blanket our lakes and waterways in summer months. Large blooms of cyanobacteria ('blue green algae') can cause fish kills, increase the cost of drinking water treatment, devalue shoreline properties, and pose health risks to people, pets, and wildlife. A new paper just published in the Canadian Journal of Fisheries and Aquatic Sciences shows that microcystin, a toxin produced by cyanobacteria, is present in Canadian lakes ...
Mysterious snake disease decoded
2012-08-14
A novel virus has been identified as the possible cause of a common but mysterious disease that kills a significant number of pet snakes all over the world, thanks to research led by scientists at the University of California, San Francisco (UCSF)—and three snakes named Juliet, Balthazar and Larry.
The virus, previously not thought to infect snakes at all, appears to cause "inclusion body disease." Long the bane of zoo officials and exotic pet owners, the deadly illness spreads among boas and pythons in captivity, causing micro clumps of clustered proteins to form inside ...
LAST 30 PRESS RELEASES:
American Society of Anesthesiologists honors Mary Dale Peterson, M.D., MSHCA, FACHE, FASA, with its Distinguished Service Award
Innovation south facility opens in UT Research Park at Cherokee farm
Photonic computing harnesses electromagnetic waves
Loss of ‘nitrogen fixers’ threatens biodiversity, ecosystems
UH Energy Transition Institute launches radio show and online webinars focused on addressing grand challenges in energy
UVA professor tackles graph mining challenges with new algorithm
Announcing the new editor-in-chief of ASSAY and Drug Development Technologies
Finding could help turn trees into affordable, greener industrial chemicals
UTA to host discussion on Texas energy needs
Preventive medicine professors part of collaborative grant for AI system to enhance Alzheimer's caregiving
Tropical mammals react to changes in lunar light
Pennington Biomedical’s EAT2 study to explore unknown effects of weight fluctuations
Butterfly brains reveal the tweaks required for cognitive innovation
Time to sustained recovery among outpatients with COVID-19 receiving montelukast vs placebo
Drones prove effective way to monitor maize re-growth, researchers report
Materials of the future can be extracted from wastewater
Long-lasting immunotherapy response in stage IV lung cancer with brain metastasis
American lobster population, habitat preferences shifting, study finds
ASA invites media to virtual acoustics meeting Nov. 18-22
Nonnative plants are a major force behind global insect invasions, new study finds
Listening to music may speed up recovery from surgery
Emotional and financial concerns of breast cancer patients are often unmet
ACS program cuts surgical deaths and improves care for older adults, studies show
Cancer diagnoses linked to lasting financial challenges, studies find
Groundbreaking surgical technique makes combined face and whole-eye transplantation a reality
Bariatric surgery is more cost effective than newer weight loss drugs alone
How liver tissue from the international space station may transform tissue engineering
Preoperative nutrition program cuts surgery costs and complications
For younger adults, a colorectal cancer diagnosis impacts their lives much differently than older adults
Research alert: A faster, more affordable technique for deciphering the genetics of cancer
[Press-News.org] Everest Group Recognizes Polaris as a Star Performer and Major Contender on the PEAK Matrix...for Large Banking Applications Outsourcing RelationshipsPolaris Financial Technology Ltd. announced that Everest Group, a consulting and research firm on global services, has recognised Polaris as a 'Star Performer' and 'Major Contender' on the Everest Group PEAK Matrix.