Polaris wins DSCI excellence award 2013

MUMBAI, INDIA: Polaris Financial Technology Limited, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, announced that the Data Security Council of India (DSCI) has named them as the winner of the 2013 DSCI Excellence Award in Security in IT Services (Large) category. The award was given in recognition of Polaris' excellence in the area of Information Security and for establishing innovative security processes for its corporate clients. The award was presented at the NASSCOM - DSCI Annual Information Security Summit 2013 held in New Delhi.

The summit was inaugurated by Kapil Sibal, Minister of Communications and IT and the award was handed over by G K Pillai, former home secretary, Government of India.

Dr. Kamlesh Bajaj, CEO, Data Security Council of India said, "DSCI Excellence Awards is endeavor to recognize, honor and reward organizations and individuals who have implemented strong, effective and resilient security programs to help the organizations address real risks, build resilience, increase trustworthiness and create a conducive environment for doing business. I congratulate Polaris Financial Technology on winning the Award for the category ‘Security in IT Services Company (Large)'. They have won this award for showcasing a strong strategy, good compliance practice, and effective operationalization across the business areas. They have also successfully implemented a security framework to make their business offerings secure."

On receiving the award, Madhu K, Chief Information Security Officer, Polaris Financial Technology Limited said, "We are proud to receive the DSCI Excellence Award. The award is in recognition to Polaris' continuous efforts to keep security at the forefront of its innovation when working to solve new IT challenges for our customers. We are very happy that our commitment to security has been recognized by the government of India. This is yet another proof that for Polaris it is business first, security foremost!"

The nominated projects were initially screened by DSCI and PwC and subsequently three finalists from each category were evaluated by the jury.

The winner from each category was evaluated based on parameters such as innovative approach undertaken to establish security processes, alignment of security strategy with business goals, value generated through the security set-up, investment optimization in security and metrics used to measure maturity security operations. Competing with shortlisted finalists Larsen & Tourbo Infotech Ltd. and NIIT Technologies Ltd, Polaris Financial Technology was chosen a winner through a four-member jury comprising distinguished academicians and bureaucrats.