Virtusa identified as a Leader overall and for capabilities in Retail
Banking and New Digital Banking Models
SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Jun. 28, 2018--
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180628005069/en/
Source: Virtusa Corporation
Greenough
Amy Legere, 781-275-6517
alegere@greenough.biz