Happiest Minds Recognized as Key Innovators in Banking Technology Sector

Happiest Minds Technologies: A Leader in Transforming Core Banking Services

Happiest Minds Technologies Limited, a company that prides itself on being 'Born Digital. Born Agile,' has drawn significant attention in the financial technology sector. Recently, they were recognized as 'Innovators and Major Players' in the prestigious NelsonHall Vendor Evaluation and Assessment Tool (NEAT) Report. This recognition is primarily centered around their efforts in transforming core banking services, an area of increasing significance in the digital era.

The NEAT Report, published by NelsonHall, a leading global analyst firm, focuses on helping organizations navigate the complexities of digital operations transformation. It provides comprehensive insights into the capabilities of various vendors within the banking technology ecosystem. According to the report, Happiest Minds' revenue from its core banking services is expected to grow by an impressive 15% annually over the next three years.

Joseph Anantharaju, the Executive Vice Chairman of Happiest Minds, emphasized the company's commitment to advancing their Arttha platform. This platform has become a core offering to clients in the banking sector, catering specifically to lending and payment needs. Anantharaju expresses that the recognition serves as motivation to further strengthen their capabilities and enhance value for customers.

Manish Sharma, CEO of PureSoftware Business, also highlighted the importance of the Arttha platform in their transformative approach. By modernizing legacy systems, the company is enhancing digital banking operations such as deposits, payments, and lending for major banking groups, particularly in Africa. This commitment to modernization reflects a broader trend where financial institutions are striving to keep pace with the rapidly evolving technology landscape and consumer expectations.

Udeet Bhagat, Head of the Arttha Business Division, elaborated on the company's range of services and how being recognized in the NEAT Report validates their contributions to the industry. The Arttha platform offers a host of features, including roadmap development, infrastructure design, and implementation services for savings, open banking, lending, and payments. By enabling clients to adopt cloud-native architectures and streamline operations on a unified platform, Happiest Minds is not only driving business growth but also optimizing costs for regional banks.

NelsonHall's Program Director for Banking, Andy Efstathiou, endorsed Happiest Minds' recognition, asserting that the Arttha platform uniquely supports hyper-personalized experiences through robust integration and omnichannel accessibility. This adaptability is crucial as financial institutions strive to modernize their core banking processes.

Happiest Minds has established partnerships with financial institutions across several fast-growing markets, including India, Indonesia, and various regions in Africa. As part of their expansion strategy, the company is looking to enhance its core banking services by focusing on small and mid-sized banks, improving features for larger banks, and addressing specific lending sectors such as Islamic finance and commercial lending. Moreover, plans are underway to penetrate the U.S. market, aimed at boosting local banks' digital capabilities.

In line with its mission, 'Happiest People. Happiest Customers,' the company reports serving 85 billion-dollar corporations, achieving a commendable 95% rate of repeat business. This success underscores the company's effective client engagement and dedication to delivering results that matter.

In conclusion, Happiest Minds Technologies has made a significant mark in the banking technology sector. Their recognition in the NelsonHall NEAT Report affirms their position as a key player and innovator in transforming core banking services. As the landscape of financial technology continues to evolve, Happiest Minds is well-positioned to leverage its digital expertise to enable organizations to adapt and thrive in the ever-changing market.

For more detailed insights, the complete NEAT Report is available for review.