CHENNAI, INDIA, October 03, 2012 (Press-News.org) Polaris Financial Technology Ltd., a leading global Financial Technology Company, today announced that Gartner, Inc. has positioned Polaris FT in the Leaders Quadrant of the recently released 'Magic Quadrant for International Retail Core Banking (IRCB)' report* for its IntellectTM Global Universal Banking (GUB).
As per the report, "The evaluation for the Magic Quadrant for International Retail Core Banking for 2012, began with 36 product candidates, and resulted in a qualified group of 19 vendors and product offerings that represent the major movers in the retail core banking system market. This final group submitted information ranging from long-term strategies to product road maps. Additionally, Gartner conducted interviews with reference banks to assist in resolving the placement of group finalists on the Magic Quadrant."
Don Free, Principal Research Analyst, Gartner comments in the report, "As banks search for a competitive edge, strategic decision criteria and the available technologies will determine the best vendor and product fit. Successful banks will navigate the considerable risks associated with these replacement programs through maintaining good governance, keeping abreast of current technology trends and being knowledgeable about the state of the vendor landscape."
Polaris' Intellect GUB, superior in technology and functionality, is a pure play Service Oriented Architecture (SOA) based application suite, comprising Core banking, Lending, Trade, Treasury and Internet banking for delivering mission-critical solutions to manage the complete lifecycle of banking operations. As a feature-rich comprehensive enterprise banking solution, it addresses the critical need for a scalable, flexible, secure and customer centric core-banking platform.
Speaking on the occasion Mr. Arun Jain, Founder, Chairman & CEO, Polaris Financial Technology, said, "We believe our position in the Leaders Quadrant reiterates Polaris' in-depth banking domain expertise and contemporary technology knowledge, making Intellect core banking offering for retail, corporate and central banks, the world's most sophisticated core banking solution. By delivering unprecedented operational productivity through its suite of solutions, Polaris today is privileged to serve 9 out of top 10 banks in the world. "
As per Gartner, Leaders are "[v]endors that demonstrate strong development methodologies, and all of these vendors have a measurable strategy for disaggregating core banking software functionality into component-based constructs. Many vendors possess methodologies for quality assurance or execute on a strategic road map to attain certification. Most vendors maintain a strong banking market understanding through methodical processes and have extensive marketing delivery and sales channels. Although there are many well-balanced vendors/products in this quadrant, some are in transition and possess evolving products, process maturity or both."
*Gartner, Inc.: "Magic Quadrant for International Retail Core Banking" by Don Free, 26 September, 2012
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Polaris Financial Technology Ltd
Polaris Financial Technology Ltd (formerly known as Polaris Software Lab Ltd.) is a leading Financial Technology company, with its comprehensive portfolio of products, services and consulting. Polaris has a talent strength of over 13,500 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:
Minal Sahani
Polaris Financial Technology Ltd.
Mob: +91 91766 26468
Email: minal.sahani@polarisFT.com
For Investor related info, please contact:
G. Sunanthy Devi
Polaris Financial Technology Ltd.
Mob: +91 8939933564
Email: sunanthy.g@polarisFT.com
Polaris FT Positioned as a Leader in Magic Quadrant for International Retail Core Banking for 2012
Polaris Financial Technology Ltd announced that Gartner, Inc. has positioned Polaris in the Leaders Quadrant of the 'Magic Quadrant for International Retail Core Banking (IRCB)' report for its IntellectTM Global Universal Banking (GUB).
2012-10-03
ELSE PRESS RELEASES FROM THIS DATE:
Seventh Avenue Productions Releases Lance Ward's Kmart Shoes
2012-10-03
Kmart Shoes is the true story of Lance Ward's journey in and out of high school and his fights against abusive and uncaring family members, school yard bullies, and his own sense of self-worth. With his family in poverty, Lance grew up on sardine sandwiches and cabbage soup. He wore $8 shoes and tolerated hostile classmates and the nickname Kmart Shoes. On some days, Ward battled drug addiction and felony charges, on others he just needed to find a place to sleep in his own home. A con man screwed up his life, Ward's mother kicked him out, his father didn't want him, and ...
Firelight Fusion Electronic Cigarettes Offers Free Shipping
2012-10-03
The Firelight Fusion E Cigarette Brand is already the low price leader in the e cigarette industry, giving the most popular model of e cigarette on the planet at 20% less than other retailers.
Now the company has announced on the Fusion blog that they are offering free shipping on all of their e cigarettes and accessories. This saves the average buyer an additional 10% that adds up to a total of almost 30% less than the competition.
The company sells the KR808D-1 model electronic cigarette that is touted around the world as the best electronic cigarette on the market ...
Electro Pop Duo The Green Children Set to Release "Feel the Light" EP on October 30th; Highly Anticipated Sophomore Album Soon to Follow
2012-10-03
One of the most unique and captivating European musical groups, The Green Children will officially release the 'Feel the Light' EP on Tuesday, October 30th, 2012. While immersed in the mystical Norwegian countryside, Marlow and Milla wrote, recorded and produced the follow up to their critically acclaimed debut album, 'Encounter'.
'Encounter' received rave reviews from countless media outlets including Mobo and Rolling Stone Magazine. The Green Children's debut single, 'Dragons', peaked at #3 on Amazon's 'Pop' chart and remixes by world renown DJ's Paul Oakenfold, Digital ...
Oniqua Announces Release of Oniqua Analytics Solution Version 6.4
2012-10-03
Oniqua MRO Analytics (www.oniqua.com), the leading provider of analytics-based MRO optimization solutions for asset-intensive organizations, today announced the release of Oniqua Analytics Solution (OAS) Version 6.4 - the company's most advanced software offering to date.
OAS 6.4 supports a full array of 24 value-based elements, extending OAS capabilities across six key MRO (maintenance, repair and operations) value domains, including: Equipment Performance, Maintenance Effectiveness, Inventory Optimization, Procurement Effectiveness, Supplier Performance and Supply ...
Scientists discover novel way to remove defects in materials
2012-10-02
VIDEO:
This video shows colloidal beads (bright dots) that have assembled themselves on a liquid droplet to form a three-dimensional curved crystalline structure. The positive electric charges cause the beads to...
Click here for more information.
In a paper just published in Nature Materials, a team of researchers that includes William T.M. Irvine, assistant professor in physics at the University of Chicago, has succeeded in creating a defect in the structure of a single-layer ...
New hope for taming triple-negative breast cancer
2012-10-02
SAN ANTONIO (Oct. 1, 2012) — Disease-free survival is short-lived for women with triple-negative breast cancer — a form of the disease that doesn't respond to hormone drugs and becomes resistant to chemotherapy. Thankfully, a promising line of study in the School of Medicine at The University of Texas Health Science Center San Antonio suggests it is possible to fine-tune the properties of this fearsome cancer, making it more sensitive to treatment.
Once preclinical studies have been completed in coming months, this new approach should be ready to test in female patients, ...
UCLA-led study finds direct correlation between hospital bedsores, patient mortality
2012-10-02
A new clinical study spearheaded by the dean of UCLA's School of Nursing has found a direct correlation between pressure ulcers — commonly known as bedsores — and patient mortality and increased hospitalization.
The research is believed to be the first of its kind to use data directly from medical records to assess the impact of hospital-acquired pressure ulcers on Medicare patients at national and state levels.
According to the study, featured as the lead article in the current issue of the Journal of the American Geriatrics Society, seniors who developed pressure ...
Restoring sight would save global economy $202 billion each year
2012-10-02
Restoring sight would save global economy US$202 billion each year.
Governments could add billions of dollars to their economies annually by funding the provision of an eye examination and a pair of glasses to the estimated 703 million people globally that needed them in 2010 according to a new study to be released soon.
The health economics study calculated that there would be a saving of US$202 billion annually to the global economy through a one-off investment of US$28 billion in human resource development and establishing and providing vision care for 5 years.1 ...
Sandia builds Android-based network to study cyber disruptions
2012-10-02
LIVERMORE, Calif. — As part of ongoing research to help prevent and mitigate disruptions to computer networks on the Internet, researchers at Sandia National Laboratories in California have turned their attention to smartphones and other hand-held computing devices.
Sandia cyber researchers linked together 300,000 virtual hand-held computing devices running the Android operating system so they can study large networks of smartphones and find ways to make them more reliable and secure. Android dominates the smartphone industry and runs on a range of computing gadgets.
The ...
Concussion spectrum in college athletes wearing helmets: 'Not so simple,' say researchers
2012-10-02
Charlottesville, VA (October 2, 2012). What does it mean to have a head concussion? Much has been written in recent years about the short- and long-term consequences of concussions sustained in sports, combat, and accidents. However, there appear to be no steadfast rules guiding the definition of concussion: the characteristics associated with this type of traumatic head injury have shifted over time and across medical disciplines. Within the context of a larger longitudinal investigation of the biomechanical factors in play that correlate with concussions in collegiate ...
LAST 30 PRESS RELEASES:
New knowledge on heritability paves the way for better treatment of people with chronic inflammatory bowel disease
Under the Lens: Microbiologists Nicola Holden and Gil Domingue weigh in on the raw milk debate
Science reveals why you can’t resist a snack – even when you’re full
Kidney cancer study finds belzutifan plus pembrolizumab post-surgery helps patients at high risk for relapse stay cancer-free longer
Alkali cation effects in electrochemical carbon dioxide reduction
Test platforms for charging wireless cars now fit on a bench
$3 million NIH grant funds national study of Medicare Advantage’s benefit expansion into social supports
Amplified Sciences achieves CAP accreditation for cutting-edge diagnostic lab
Fred Hutch announces 12 recipients of the annual Harold M. Weintraub Graduate Student Award
Native forest litter helps rebuild soil life in post-mining landscapes
Mountain soils in arid regions may emit more greenhouse gas as climate shifts, new study finds
Pairing biochar with other soil amendments could unlock stronger gains in soil health
Why do we get a skip in our step when we’re happy? Thank dopamine
UC Irvine scientists uncover cellular mechanism behind muscle repair
Platform to map living brain noninvasively takes next big step
Stress-testing the Cascadia Subduction Zone reveals variability that could impact how earthquakes spread
We may be underestimating the true carbon cost of northern wildfires
Blood test predicts which bladder cancer patients may safely skip surgery
Kennesaw State's Vijay Anand honored as National Academy of Inventors Senior Member
Recovery from whaling reveals the role of age in Humpback reproduction
Can the canny tick help prevent disease like MS and cancer?
Newcomer children show lower rates of emergency department use for non‑urgent conditions, study finds
Cognitive and neuropsychiatric function in former American football players
From trash to climate tech: rubber gloves find new life as carbon capturers materials
A step towards needed treatments for hantaviruses in new molecular map
Boys are more motivated, while girls are more compassionate?
Study identifies opposing roles for IL6 and IL6R in long-term mortality
AI accurately spots medical disorder from privacy-conscious hand images
Transient Pauli blocking for broadband ultrafast optical switching
Political polarization can spur CO2 emissions, stymie climate action
[Press-News.org] Polaris FT Positioned as a Leader in Magic Quadrant for International Retail Core Banking for 2012Polaris Financial Technology Ltd announced that Gartner, Inc. has positioned Polaris in the Leaders Quadrant of the 'Magic Quadrant for International Retail Core Banking (IRCB)' report for its IntellectTM Global Universal Banking (GUB).