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Virtusa Recognized as a Leader in BFS IT Services

Virtusa Corporation has been officially acknowledged as a Leader in the 2025 Everest Group's PEAK Matrix Assessment specifically focused on Banking and Financial Services (BFS) IT Services Specialists. This commendation highlights the company's dedication and expertise within the BFS sector, particularly in delivering innovative solutions tailored for the industry's intricate demands.

Sanjay Deshpande, the Executive Vice President and Head of Banking, Communications, and Emerging Industries at Virtusa, expressed that this recognition is a testament to their unwavering commitment to engineering value in the BFS domain. He emphasized their platform-centric methodology and robust partnerships with key industry players, which enable them to effectively address the unique needs of Chief Experience Officers (CXOs) and enterprise stakeholders. This impactful approach aids clients in accelerating their modernization efforts while simultaneously decreasing operational costs, thereby enhancing their competitiveness in a rapidly shifting landscape.

Virtusa's stronghold in the BFS sphere is further reinforced by its capability to facilitate comprehensive digital transformation through innovative ecosystem-driven approaches. The company has developed strategic alliances with cloud service providers and technology leaders to overcome gaps in capabilities and deliver unmatched value to its clients. Notably, the firm's unique engagement model, which often includes direct involvement from the CEO or CXO level in prominent client accounts, has received significant praise.

Pranati Dave, Practice Director at Everest Group, acknowledged Virtusa's relentless focus on digital engineering and highlighted its distinctive go-to-market strategy, which is deeply rooted in its collaborations, service offerings, and domain expertise. The assessment commended Virtusa's advisory-prominent methodology and its commitment to proof of concept (PoC) led projects, particularly in the emerging technology of generative AI. This proactive stance not only strengthens the perceived business value but also equips clients to navigate the complexities of regulatory challenges and technological advancements.

The success in achieving Leader recognition in the Everest Group's inaugural assessment for BFS IT Services is indicative of Virtusa's capabilities in driving growth and creating cross-sell opportunities for clients in a fast-paced business environment. The company's enhances its offerings encompassing core banking, insurance, data analytics, and artificial intelligence/machine learning (AI/ML). This solid foundation enables clients to surmount challenges posed by today's evolving regulations and technological landscapes effectively.

To learn more about Virtusa's Banking and Financial Services (BFS) solutions, you can visit their official website. They provide a plethora of resources and insights tailored to industry professionals seeking to enhance their operational efficiencies and embrace innovative technologies.

About Everest Group

Everest Group serves as a globally recognized research firm that aids decision-makers in navigating complex market choices. Their PEAK Matrix assessments provide crucial insights and analyses that empower enterprises in selecting suitable service providers, products, and solutions tailored to their specific needs.

About Virtusa

Virtusa Corporation stands as a global leader in providing digital engineering and technology solutions to Forbes Global 2000 enterprises across various industries, including banking, healthcare, and telecommunications. The company thrives on its 'Engineering First' approach, ensuring that concepts are executable and impactful. With a firm commitment to fostering partnerships and delivering high-quality results, Virtusa is dedicated to helping customers overcome their most pressing business hurdles and achieve success in their respective fields.