Financial Technology company Polaris Software has introduced its FT Grid, the cloud offering with a capacity to support around 100 million customers.
The Grid will enable Polaris to offer its financial technology infrastructure and banking products on a pay-per-use basis to banks and financial institutions.
The new offering, what the company claims as the world’s biggest cloud computing service, will be a ready-to-use platform with industry-standard hardware, middleware, RDBMS and network connectivity components.
IdenTrust and IBM have partnered with Polaris to offer their IT Infrastructure for FT Grid.
The FT Grid will be offered in three different variants and will cater to three major global markets core banking, capital markets and corporate banking.
The new offering is a complete enterprise class cloud product with various features such as virtualisation,scalability, reliability, global reach, 24x7x365 support with vernacular localisation and information security.
The cloud oriented service will help banks overcome difficult core banking implementation complexities across the board.
The FT Grid will enable banks and financial institutions to access services on a robust
infrastructure, helping them avail services on per account / branch per month or equivalent usage based
charges.
It will also allow clients to avoid license procurement and maintenance, reducing costs significantly.
IBM is the platform technology partner for FT-Grid and notes that its virtualisation technology will
help drive down the cost of infrastructure while offering reliability and scalability to FT-Grid.
