Polaris is featured in the top 100 companies worldwide providing services to the financial sector at a rank of 3 (amongst Indian Companies) and 38 worldwide(Revenue from Finacial sector basis). This list is published by American Banker and research firm Financial Insights. The FinTech 100 is an annual international listing of the top technology vendors that derive more than a third of eligible revenue from the financial services industry.

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At a glittering evening in Singapore's Hotel Regent, Arun Jain, Chairman and CEO, was awarded the Indo-Asean Business Initiative Award 2008 in recognition of the spirit of business excellence that he exemplifies. Winners were selected by the Federation of Indian Export Organizations (FIEO), and the awards were handed out in the categories such as tourism, education and the information technology-enabled sector. 15-20 Indian IT companies were short-listed and Polaris emerged the winner.

The award was presented by Dr. S Jaishankar, High Commissioner, High Commission of India in Singapore in the presence of Mr. Aloysius Arlando, Asst. Chief Executive, Singapore Tourism Promotion Board and Mr. Syed Zakir Ahmed, CMD of ZAK Trade Fairs.

In his acceptance speech, Arun dedicated the award to the global presence of the 10,000 strong Polarites who helped make this happen.

Forrester in its report Global Banking Platform Deals Vendors: 2006 states that:

India's Polaris Software Lab won a total of 12 new banking platform customers with its Intellect Suite in 2006. In addition, Polaris enjoyed a further 19 deals in 2006 that did not count under the rules of our survey. Half of Polaris’ 12 deals are located in Asia Pacific, while North America, Europe, and the Middle East saw two deals each. The functionality of the counted deals included lending, credit origination, and credit management. The deals that could not be counted covered functionality like pure card and cash management projects.

Polaris has joined the Global challengers list becoming part of the group of key global players. All of them have sold a comparably homogeneous banking platform product line to at least four regions of the world.

Intellect Suite, a comprehensive, modern, flexible enterprise solution comprising seven major banking application platforms across Retail, Corporate and Investment Banking. It is the first pureplay SOA based application suite for BFSI players, desinged to enable quick response to business requirements while at the same time easing the process of modernizing legacy platforms.

Each year, The Banker's Technology Awards gathers more than 300 entries covering all regions from Asia, America, Europe and the BRIC economies.

The variety of entries has demonstrated that banks worldwide are rising to the twin challenges of meeting customer demands and regulatory requirements by implementing new solutions and innovating across channels and markets.

The awards recognise these successes and identify the most likely technologies that banks should be watching carefully for the next year.

This year, Intellect Treasury from Polaris has won the The Banker Capital Markets Projects Award.

Over 24 months, Intellect Treasury replaced the more than 20 year old platform of 27 European Risk Treasury branch systems of Citi. The project was completed by October 2006, with all replacements made on time and to budget. In addition, the systems incorporated 43 enhancements, which was double the number anticipated, and the judges were impressed by the size and breadth of the project.

Intellect Treasury is an integrated front, middle and back office system that is web–enabled and manages the entire treasury process from deal capture to accounting to final settlement.

Intellect Treasury is part of Intellect Suite, a comprehensive, modern, flexible enterprise solution comprising seven major banking application platforms across Retail, Corporate and Investment Banking. It is the first pureplay SOA based application suite for BFSI players, designed to enable quick response to business requirements while at the same time easing the process of modernizing legacy platforms.

To see what The Banker says about this successful Smart Legacy Modernization, CLICK HERE.

Polaris Software Lab Limited has again been named as Leader in the category of “Specialty Application Development” among the 2007 Global Services 100, recognized by Global Services magazine (www.globalservicesmedia.com), a product of CMP-Cybermedia LLC.

This is the second time that Polaris has won the distinguished award, a global recognition of its status as the leading provider of specialty IT solutions to Banks, Insurance Companies and Financial Institutions worldwide.

For the year 2006, Polaris also emerged as the Best in “Specialty Application Development” in the exclusive Global Services annual listing of the Top 100 outsourcing companies in 10 service-delivery areas spanning BPO, ITO and customer care.

So far in its journey of growth, Polaris has been invited to provide secure and agile technology solutions for 55 global banks. Polaris is privileged to be the preferred technology solutions provider for 7 out of the top 10 Wall Street Banks, 5 of the top High Street Banks in UK, 4 out of the top 7 banks in Australia and leading banks in Latin America, Europe, the Middle East, Japan and India.