WESTBOROUGH, Mass.--(BUSINESS WIRE)--Feb. 6, 2018--
Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and
IT outsourcing company that accelerates business outcomes for its
clients, today announced it has been named a Major Contender in Everest
Group’s 2018 PEAK MatrixTM for Digital Services in
Wealth Management. Virtusa was positioned as a Major Contender based on
an evaluation of market impact measured through two dimensions: 1)
Market adoption, portfolio mix, and value delivered; and 2) Vision and
capability, measured vision and strategy, scope of services offered,
innovation and investments, and delivery footprint. Out of 18 IT service
providers showcased, Virtusa is one of 11 Major Contenders listed on the
2018 PEAK MatrixTM assessment for Digital Services in
Wealth Management.
“We are excited to be recognized by Everest Group as a Major
Contender in the 2018 Digital Services in the Wealth Management PEAK
MatrixTM assessment,” said Bob Graham,
global solutions head, Banking and Financial Services, Virtusa. “Wealth
management is changing significantly as a result of technology
disruption and a new generation of investors with expectations around
providing best-in-class experiences and pricing, all of which are
forcing businesses to provide data-driven personalization and
self-service models across their services. Virtusa has been helping its
wealth management clients leverage digital technologies to deliver
personalized digital experiences and value as a trusted wealth
management advisor to their customers.”
Virtusa’s expertise in digital technologies includes analytics,
robotics, cognitive, and AI, and focuses on delivering value to its
clients’ wealth management customers. Virtusa has been helping wealth
management clients by delivering leading-edge solutions for over 20
years. As a result of continued developments in the digital space, the
emergence of new entrants such as robo advisory firms, changes in
demographics, and the adoption of disruptive technologies like
blockchain, wealth management clients now face a very challenging
landscape. Virtusa’s solutions, supported by its cloud-based fintech lab
and leading consulting capabilities, prepares clients for success by
directly addressing core needs such as legacy modernization, customer
experience, data lineage and data strategy, and millennial solutions.
“Wealth management firms are facing diverse pressures such as fee
compression, demand for superior digital experience, and increased
scrutiny from regulators,” said Ronak Doshi, practice director, Everest
Group. “Strong capabilities in front-office functions and a suite of
digital solutions, backed by its engineering heritage have helped
position Virtusa as a Major Contender on Everest Group’s Digital
Services in Wealth Management PEAK MatrixTM
assessment.”
For more than 25 years, Virtusa has been helping its banking and
financial services clients gain competitive advantage and a strong
foothold in their markets by enabling them to innovate, drive
efficiencies, improve performance, and transform their businesses.
To access the full report, please visit: https://www2.everestgrp.com/reportaction/EGR-2017-11-GP-2492/Toc.
For more information on Virtusa’s wealth management offerings, please
visit: http://www.virtusa.com/industries/banking-and-financial-services/segments/capital-markets/.
About Virtusa
Virtusa Corporation (NASDAQ GS: VRTU) 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, and
media & entertainment.
Virtusa helps CXOs’ address the dual challenge of growing revenues while
improving IT cost efficiencies. Virtusa's digital transformation &
innovation (DTi) solutions enable clients to reimagine the customer
experience, accelerate revenue growth and creating lasting business
value. The company’s operational excellence (OE) solutions help clients
reduce risk, improve operational efficiencies, and lower IT costs.
Virtusa delivers services across the IT lifecycle, including consulting,
solution design, technology selection, implementation, testing, and
maintenance, including infrastructure support. With a strong heritage in
software engineering, Virtusa is highly qualified to both develop and
maintain software, using a proven platforming methodology and advanced
Agile and Accelerated Solution Design techniques to reliably deliver
results on time and within budget.
Holding a proven record of success across industries, Virtusa readily
understands its clients' business challenges and uses its domain
expertise to deliver distinctive, differentiated and innovative
applications of technology to address its client critical business
challenges. Examples include building 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 transformation
initiatives for media and banking companies.
Through the acquisition of a majority interest in Polaris Consulting
Services Ltd. in March 2016, Virtusa has created a robust platform to
provide end-to-end solutions and services in banking and financial
services, strengthening its positioning as a top, global FinTech
services provider. Virtusa Corporation is headquartered in Massachusetts
and has 50 offices across North America, Europe and Asia.
Polaris Consulting & Services is a subsidiary of Virtusa Corporation.
Copyright © 2018 Virtusa
Corporation. All Rights Reserved.
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Source: Virtusa Corporation
Greenough
Amy Legere, 617-275-6517
alegere@greenough.biz