Virtusa Achieves Top Rankings in Banking IT Services PEAK Matrix Assessment 2025
Virtusa Achieves Top Rankings in Banking IT Services PEAK Matrix Assessment 2025
In a significant acknowledgment of its capabilities, Virtusa Corporation, a renowned global player in product and platform engineering services, has been recognized as both a Leader and a Star Performer in the recently published Everest Group Banking IT Services PEAK Matrix® Assessment 2025. This annual assessment rigorously evaluates service providers in the banking technology arena based on their performance and market impact.
According to the Everest Group, Virtusa's designation as a Leader stems from its substantial market adoption, diverse service portfolio, and the value it effectively delivers to its clients. Furthermore, the Star Performer title indicates the company's consistent improvement over the preceding years across critical PEAK Matrix dimensions, such as portfolio strength and deal momentum. The evaluation also reflects Virtusa's strategic investments in technology, talent, and domain expertise.
Sanjay Deshpande, the Executive Vice President and Head of Banking, Communications, and Emerging Industries at Virtusa, emphasized the importance of this recognition. He stated, “Being named both a Leader and a Star Performer in Everest Group's Banking IT Services PEAK Matrix® 2025 reaffirms our commitment to engineering transformation underpinned by domain for global financial institutions.” Deshpande highlighted Virtusa's focus on delivering significant value to clients, especially within the evolving landscape of digital banking characterized by AI and enhanced customer experiences.
Virtusa's banking practice encompasses a comprehensive range of solutions, including:
- - Core Banking Modernization: Revamping banking infrastructure for increased efficiency and adaptability.
- - Data and Analytics: Leveraging big data for informed decision-making and risk mitigation.
- - Payments Transformation: Innovating the payments landscape to facilitate seamless transactions.
- - Digital Onboarding: Streamlining client acquisition processes through digital means.
- - Open Banking: Promoting collaboration and interoperability in banking services.
- - Risk and Compliance: Ensuring adherence to regulatory standards amidst evolving market conditions.
At the heart of Virtusa’s approach is its customer-centric model, combined with AI-driven engineering strategies that aim to accelerate clients' digital transformations. The company's methodologies are designed to enhance operational efficiency and improve the overall customer experience in the banking sector.
Virtusa's commitment to innovation and excellence in service delivery positions it favorably in an industry undergoing rapid technological advancements. Financial institutions leveraging Virtusa’s expertise can expect accelerated timelines for market introductions, and improved operational capabilities, all while ensuring qualified regulatory compliance—a critical factor in today's banking environment.
The Everest Group’s recognition marks a pivotal moment not only for Virtusa but also for its clients seeking robust solutions in a sector that faces continuous challenges and transformations. Therefore, companies in need of dependable IT services in banking, whether it's for modernization or compliance, should consider partnering with Virtusa for its demonstrated capabilities and visionary approach.
Learn more about Virtusa’s Banking Financial Services (BFS) solutions through their official website: Virtusa BFS Services.
As global banking continues to evolve with the integration of technology, Virtusa's role as a leader in providing IT services is set to grow, ensuring a brighter future for financial institutions embracing digital transformation.
Topics Financial Services & Investing）
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