VirtusaPolaris Recognized in the 2016 IDC Financial Insights FinTech Rankings
September 27 2016 - 2:00AM
Business Wire
VirtusaPolaris, the market-facing brand of Virtusa Corporation
and Polaris Consulting & Services, Ltd., and a leading
worldwide provider of information technology (IT) consulting and
outsourcing services, today announced that both Virtusa Corporation
and Polaris Consulting & Services have been recognized by IDC
Financial Insights in the 2016 FinTech Rankings, with Virtusa
Corporation ranked #52 and Polaris Consulting & Services ranked
#51. The annual IDC Financial Insights FinTech Rankings is based on
2015 calendar year revenues attributed to financial
institutions.
The IDC Financial Insights FinTech Rankings categorize and
evaluate the top global providers of financial technology based on
calendar year revenues from financial institutions for hardware,
software and/or services. The annual IDC Financial Insights FinTech
Rankings has become an important measure of the health and
direction of technology in the industry and the emergence of
innovative solutions from new players.
“Leadership in the evolving banking and financial services
industry requires a commitment to innovation and digital
transformation,” said Jitin Goyal, president - Banking &
Financial Services, VirtusaPolaris & CEO, Polaris Consulting
& Services, Ltd. “We are dedicated to providing our clients
with the technologies they need to be at the forefront of
innovation, increase productivity and provide their customers with
exceptional services, while also realizing new cost efficiencies
and synergies.”
To compete successfully in this environment of digital
disruption, financial services firms need to proactively harness
and execute on a customer-centric Digital strategy that will enable
them to provide omni channel high touch service to their customers.
Combining its extensive experience of over 25 years in the banking
and financial services industry with proven innovation and
execution capabilities, VirtusaPolaris has been helping its
financial services clients implement digital technologies to
transform their businesses, expand their addressable market and
increase revenues.
“Being positioned on the IDC Financial Insights FinTech Rankings
demonstrates a fintech company’s commitment to the financial
services industry and the success achieved at their financial
institution clients,” said Karen Massey, senior analyst at IDC
Financial Insights. “The IDC Financial Insights FinTech Rankings,
now in its 13th year, is the global industry standard who’s who of
financial services technology providers, and we congratulate the
2016 winners.”
On March 3, 2016, Virtusa Corporation acquired a majority
interest in Polaris Consulting & Services Limited.
VirtusaPolaris, our new market-facing brand, represents the
combined strengths of Virtusa and Polaris, including our strong
software engineering heritage, deep domain expertise and focus on
applying innovation to solving critical core business issues for
clients.
To see the final rankings, please see the special report:
http://www.idc.com/download/finalrankings2016.pdf.
For more information on VirtusaPolaris' solutions for banking
and financial services organizations, please visit
http://www.virtusapolaris.com/industries/banking-and-financial-services/perspective/.
About VirtusaPolaris
VirtusaPolaris, the market-facing brand reflecting the combined
strengths of Virtusa Corporation and Polaris Consulting &
Services, Ltd. is a global provider of information technology (IT)
consulting and outsourcing services that accelerate business
outcomes for Global 2000 companies and leading software vendors in
banking and financial services, insurance, healthcare,
telecommunications, technology, media and entertainment.
VirtusaPolaris’ solutions address the CXOs’ dual challenge of
growing revenues while improving IT cost efficiencies.
VirtusaPolaris’ digital services leverage innovative new
technologies to reimagine the customer experience, increasing
retention and creating lasting value. VirtusaPolaris’ preemptive
outsourcing solutions help clients reduce risk and improve IT
operations.
VirtusaPolaris delivers services across the IT lifecycle,
including consulting, solution design, technology selection,
implementation, testing and maintenance & support, including
infrastructure support. Inheriting a strong heritage in software
engineering, VirtusaPolaris is highly qualified to both develop and
maintain software, using a proven platforming methodology and
advanced Agile and Accelerated Solution Design techniques to
reliably produce results on time and within budget.
Holding a record of success across industries and unparalleled
domain expertise, VirtusaPolaris understands clients’ business
challenges best and uses that to deliver distinctive,
differentiated and innovative application of technology to solve
those problems. Examples of large business transformations
completed include the world’s largest P&C claims modernization
program, one of the largest corporate customer portals for a
premier global bank, an order to cash implementation for a
multinational telecommunications provider, and digital
transformations for media and banking companies.
Virtusa Corporation is headquartered in Massachusetts, and
together with Polaris, has 50 offices across North America, Europe
and Asia.
Polaris Consulting & Services is a subsidiary of Virtusa
Corporation. Copyright © 2016 Virtusa Corporation. All Rights
Reserved.
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GreenoughAmy Legere, 617-275-6517alegere@greenough.biz
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