Virtusa identified as a Leader overall and
for capabilities in Retail Banking and New Digital Banking
Models
Virtusa Corporation (NASDAQ GS:VRTU), a global provider of
digital engineering and IT outsourcing services that accelerate
business outcomes for its clients, today announced it has been
recognized in NelsonHall’s vendor evaluation and assessment (NEAT)
report as a Leader in Digital Banking Services. NelsonHall,
a global business process services and IT services research
and analysis firm, recognized Virtusa as a Leader for its ability
to meet future client requirements and deliver immediate benefits,
its retail banking capabilities, leadership in new banking models
and focus on professional services.
The NEAT report evaluates the capabilities of 15 providers of
digital banking services and identifies the best performing vendors
overall, with a specific focus on SaaS/BPS, professional services,
retail banking, capital markets, and on supporting new digital
banking models. Vendors are identified in one of four categories:
Leaders, High Achievers, Innovators and Major Players.
"We’re dedicated to utilizing our digital banking capabilities
to help clients achieve exceptional customer experiences and
operational excellence through innovative business solutions,” said
Madhuri Bhuyan, senior vice president and Head of Global Banking
Practice at Virtusa. “We’re proud to be recognized by
NelsonHall in its inaugural NEAT report for Digital Banking
Services, and the recognition reinforces our credentials as a go-to
partner for helping our clients build the bank of the future. We’re
committed to providing the leading-edge technologies and solutions
required for our clients to stay ahead of the digital curve.”
Virtusa’s Digital Banking Services include strategy and design;
customer experience; mobile, digital lifestyle banking and IoT;
digital marketing, data, analytics and AI; and cloud and
microservices. The company’s xTech Labs help global banks
experiment with new business models and enable them to quickly
build minimum viable products (MVPs). Virtusa has developed over 60
best in class customer journeys, 300 plus APIs / microservices,
partnerships with more than 40 FinTechs as well as an Open
Innovation Platform, which is a unique solution accelerator that
helps our clients accelerate their digital banking
transformation.
“Virtusa is well positioned to respond to global needs thanks to
its robust framework for automation consulting and its broad
portfolio of accelerators for implementation,” said Andy
Efstathiou, Research Director of NelsonHall’s Banking Operations
& Transformation program. “The organization also has a
strong partner ecosystem across technologies, which helps its
clients quickly launch new solutions to stay ahead of their
competitors.”
With strong domain expertise of more than 25 years serving
clients, Virtusa has delivered successful digital banking programs
that have transformed several global banks, top brokerage firms,
and cards and payment providers. Following are some examples
of Virtusa’s work:
- Successfully helped a Tier 1 U.S. Bank
launch a next generation digital bank in a record time of 13
months.
- Partnered with a leading Asian Bank to
deliver a digital lifestyle banking solution that improved customer
acquisition.
For more information about NelsonHall’s NEAT report for Digital
Banking, please visit:
http://ww2.virtusa.com/NelsonHall_NEAT_Digital_Banking
For more information about Virtusa’s Digital Banking Services
visit: https://www.virtusa.com/segment/retail-banking/
About NelsonHall
NelsonHall is the leading global analyst firm dedicated to
helping organizations understand the 'art of the possible' in IT
and business services. With analysts in the U.S., U.K., and
Continental Europe, NelsonHall provides buy-side organizations with
detailed, critical information on markets and vendors (including
NEAT assessments) that helps them make fast and highly informed
sourcing decisions. And for vendors, NelsonHall provides deep
knowledge of market dynamics and user requirements to help them
hone their go-to-market strategies. NelsonHall’s research is based
on rigorous, all-original research, and is widely respected for the
quality, depth, and insight of its analysis.
About Virtusa Corporation
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of
Digital Business Transformation, Digital Engineering, and
Information Technology (IT) outsourcing services that accelerate
our clients’ journey to their Digital Future. Virtusa serves Global
2000 companies in Banking, Financial Services, Insurance,
Healthcare, Telecommunications, Media, Entertainment, Travel,
Manufacturing, and Technology industries.
Using a combination of digital strategy, digital engineering,
business implementation, and IT platform modernization services,
Virtusa helps clients execute successful end-to-end digital
business transformation initiatives.
Virtusa engages its clients to re-imagine their business models
and develop strategies to defend and grow their business by
introducing innovative products and services, developing
distinctive digital consumer experiences, creating operational
efficiency using digital labor, developing operational and IT
platforms for the future, and rationalizing and modernizing their
existing IT applications infrastructure. As a result, its clients
are simultaneously able to drive business growth through
digital-first customer experiences, while also consolidating and
modernizing their IT application infrastructure to support digital
business transformation.
Holding a proven record of success across industries, Virtusa
readily understands its clients' business challenges and uses its
domain expertise to deliver innovative applications of technology
to address its clients’ critical business challenges. Examples
include building the world's largest property & casualty 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
transformation initiatives for media and banking companies.
Founded in 1996 and headquartered in Massachusetts, Virtusa has
operations in North America, Europe, and Asia.
© 2018 Virtusa Corporation. All rights reserved.
Virtusa, Accelerating Business Outcomes, BPM Test Drive and
Productization are registered trademarks of Virtusa Corporation.
All other company and brand names may be trademarks or service
marks of their respective holders.
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GreenoughAmy Legere,
781-275-6517alegere@greenough.biz
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