Polaris gets named as “Best-in-Class” Provider in Payment Operations

Polaris Financial Technology has announced that its Payments Hub from its iGTB division received a “Best-in-Class” recognition for Payments Operations in CEB TowerGroup’s annual Payment Hubs Technology Analysis report, 2013.

With a 360° view of corporate activities related to payments, the Polaris’ payment hub offers better risk management, supports centralized control of global payments operations and its robust exception handling process and AML and fraud management capability reduce Exception and Investigation and manpower costs.

Manish Maakan, Chief Executive Officer, Polaris iGTB, said, Being recognized as “Best-in-Class” for our Payments Hub stands testimony to the efficiency of our product, enabling users to manage the entire payment lifecycle from end to end. In our opinion, the highly scalable architectural design of the Payments Hub, its breadth of functionality and its cutting-edge technology is, indeed, the new standard in payments solutions worldwide. This recognition substantiates our continued focus on offering innovative products to leading financial institutions worldwide.

Payments Hub orchestrates payment messages received from front-end channels through to final clearing and settlement. The solution has various built-in components like a messaging engine, STP accelerator, rules engine and workflow modeller that ensure seamless payment processing.