Polaris Financial Technology Ltd (POLS.BO), a leading global Financial
Technology Company, today announced the launch of its FATCA and Global
KYC Ready Intellect™ Customer Onboarding Hub (ICOH) solution at SIBOS
2012 in Osaka, Japan.
ICOH is a single, comprehensive solution for managing seamless client
onboarding lifecycle, cross-channel account opening and 360 degree view
of customers for all banking lines of business, product groups and
customer segments. As a state-of-the-art solution that packages
holistic KYC and Anti Money Laundering for rule driven customer
onboarding, Intellect COH offers eBAM & FATCA ready multichannel
on-boarding, inbuilt watch list monitoring, checklists, alerts and
real-time dashboards.
Intellect Customer Onboarding Hub offers banks the ability to drive
operational efficiencies across the entire customer onboarding
lifecycle, ensures regulatory compliance and provides an enhanced
customer experience. Operational silos, lack of straight through
processing, unintegrated channels and rapidly changing regulatory
requirements have posed significant challenges when banks have
undertaken to streamline the customer onboarding process across product
lines and fragmented systems.
Built on Polaris’ trademark Hub Technology, it comes bundled with
flexible rule driven workflows, configurable user interfaces, dynamic
data models, a built-in integration engine, efficient image & document
management capabilities, secure user and role based entitlements. ICOH
provides standardized processes for onboarding across all banking lines
of business, coverage for all applicable regulatory compliance, seamless
account opening and enhanced 360 degree customer views, better risk
management, along with extensive business activity monitoring and
reporting capabilities.
Talking about the solution, Mr. Uppili Srinivasan, Head – Intellect
Global Transaction Banking, Polaris Financial Technology Limited,
said, “Polaris’ Intellect Customer Onboarding Hub serves as a next
generation compliance framework enabling banks to increase the vigil on
customer due diligence processes. Know Your Customer (KYC) Compliance,
Risk Management and Regulatory Norms have never been in greater focus in
the banking and financial services business than they are today. As a
result, banks are adopting more exhaustive onboarding and account
opening processes. ICOH, built on a loosely coupled, component based
architecture, provides banks the cost advantage, low TCO and flexibility
to choose what they require, creating business value and revenue
generation capabilities through better management decisioning
capabilities.”
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 13,000 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/.
