SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Oct. 2, 2018--
Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital
strategy, digital engineering, and IT outsourcing services that
accelerates business outcomes for its clients, today announced that it
has been recognized as one of the leading global financial technology
providers in the 2018 IDC FinTech Rankings. Virtusa was ranked 30th on
the list, a major jump from its 39th position in the 2017 IDC FinTech
Rankings.
“We are very pleased to be recognized by IDC as a top consulting and
IT outsourcing provider, as it reflects our clients’ confidence in our
ability to deliver industry-leading solutions,” said Bob Graham,
executive vice president and global head—solutions, Virtusa. “The
banking environment today is undergoing unprecedented change driven by a
combination of disruptive technologies, innovation, and competition from
FinTechs, shifting demographics, and changes in regulations. Leveraging
our deep domain expertise along with our consulting services and our
cloud-based Open Innovation Platform, Virtusa is helping our clients
develop approaches and implement solutions that accelerate banking
innovation.”
The Fortune 500–style ranking categorizes and evaluates top global
providers of financial technology based on calendar year revenues from
financial institutions for hardware, software, and services. These
providers supply the technological backbone of the financial services
industry, an industry for which IDC Financial Insights forecasts
worldwide spending on IT across the globe to reach half a trillion
dollars by 2020.
To thrive in a digital economy, financial services organizations must
embrace innovative, cutting-edge technology and integrate it effectively
to enhance the customer experience and achieve operational excellence.
Virtusa Corporation and the vendors featured on the IDC FinTech Rankings
are recognized for their commitment to helping financial institutions
successfully execute their digital transformation initiatives for the
betterment of their customers around the world. IDC Financial Insights
publishes a comprehensive report about the year's findings that is
available to view or download HERE.
“A place on the IDC FinTech Rankings is a significant accomplishment,
demonstrating a provider’s commitment to the success of its financial
institution clients,” states Karen Massey, research manager at IDC
Financial Insights. “The IDC Fintech Rankings, now in its 15th year, is
the global industry standard register of financial services tech
providers, and we congratulate the 2018 winners.”
With more than 25 years of industry experience, Virtusa has become the
partner of choice for banks and financial services firms, helping them
navigate the challenges of digitally transforming while also driving
operational excellence and cost efficiency. It supports a large number
of banking and financial services clients across North America, Europe,
Asia Pacific, and Australia, including more than half of the top 30
global banks and many of the top national and regional institutions for
the countries Virtusa works in. Virtusa’s dedicated banking and
financial services practice covers retail banking, corporate banking,
capital markets, cards and payments, and risk and compliance. Virtusa’s
industry-leading digital engineering capabilities include mobile, data,
cloud, UX, microservices, and AI and robotics, all of which have been
recognized by key analysts and experts. Through its consultative
approach, Virtusa’s teams deliver transformational, cost-takeout
solutions that accelerate the achievement of measurable results for IT
and business operations.
For more information on Virtusa’s banking and financial services, visit: http://www.virtusa.com/perspective-cat/bfs/
To learn more about how Virtusa’s next-gen banking solutions are making
a difference to global financial institutions, visit us at booth #G60,
Level 1, ICC at SIBOS 2018, Sydney; October 22-25, 2018: https://www.virtusa.com/events/sibos2018/
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT
leaders, as well as the suppliers who serve them, in making more
effective technology decisions by providing accurate, timely, and
insightful fact-based research and consulting services. Staffed by
senior analysts with decades of industry experience, our global research
analyzes and advises on business and technology issues facing the
banking, insurance, and securities and investments industries.
International Data Corporation (IDC) is the premier global provider of
market intelligence, advisory services, and events for the information
technology market. IDC is a subsidiary of IDG, the world’s leading
technology, media, research, and events company. For more information,
please visit www.idc.com/financial,
email info@idc-fi.com, or call
508-620-5533.
About Virtusa
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of Digital
Business Transformation, Digital Engineering, and Information Technology
(IT) outsourcing services that accelerates 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/20181002005025/en/
Source: Virtusa Corporation
Greenough
Amy Legere, 617-275-6517
alegere@greenough.biz