Wellington, New Zealand, February 17, 2013; Leading India-headquartered financial technology (FT) products, services and solutions company, Polaris Financial Technology has extended its reach to New Zealand with the opening of a sales office in Wellington.
Says Wayne Li, Country Head for Australia & New Zealand, Polaris Financial Technology: "The launch of our new office in Wellington is an important step in our growth journey. It will allow us to demonstrate the leadership of Polaris' Intellect-branded banking and insurance solutions. In addition, it will enhance our onsite sales & delivery capabilities and allow our clients & partners to benefit from our global FT expertise and scale."
Last week the company signed a definitive agreement with US based Numerix, a leading provider of cross-asset analytics for derivatives valuations and risk management. Leveraging Numerix's newly introduced analytics calculation engine, CrossAsset Server and CrossAsset Integration Layer for the integration, this partnership will provide clients with Numerix risk analytics for improved risk monitoring, increased transparency and decision making. Polaris' Intellect Risk and Treasury has more than 40 customers across 80 countries, which will now be able to comply with Basel regulatory requirements
Polaris Financial Technology Ltd (formerly known as Polaris Software Lab Ltd) has a talent strength of over 13,000 solution architects, domain and technology experts. The company owns the largest set of Intellectual Properties for a comprehensive product suite, Intellect Global Universal Banking (GUB) M180. Intellect is the first pure play Service Oriented Architecture (SOA) based application suite for Retail, Corporate, Investment banking and Insurance. Headquartered in Chennai, Polaris has offices in all leading international financial hubs.