Market Overview

Everest Group Recognizes Virtusa as a Major Contender in its PEAK Matrix™ for Digital Services in Consumer Banking

Share:

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and
IT outsourcing company that accelerates business outcomes for its
clients, today announced it has been named a Major Contender in Everest
Group's 2018 PEAK Matrix™ for Digital Services in
Consumer Banking. Virtusa was evaluated across two key dimensions: 1)
Market success measured by revenue, growth, and enterprise adoption; and
2) Vision and capability measured by the ability to successfully deliver
consumer banking services.

"We are excited to be recognized by Everest Group as a Major
Contender in the 2018 Digital Services in Consumer Banking PEAK Matrix™

assessment," said Bob Graham, global solutions head,
Banking and Financial Services, Virtusa. "For a consumer bank today,
digital services are driving an enhanced and personalized customer
experience, driving new product offerings, and providing the ability to
reach new customers without requiring investment in new branches.
Virtusa
has been helping global banks envision and implement digital banking
solutions that enable them to re-imagine consumer experiences, increase
customer satisfaction, and drive new customer acquisition."

Out of 22 IT service providers showcased, Virtusa is one of 12 Major
Contenders listed on the 2018 PEAK Matrix™ Assessment
for Digital Services in Consumer Banking. The company's strengths in the
consumer banking segment include its strong retail banking heritage;
core platform modernization capabilities, which include lending, trade
finance, client onboarding, and API development; and management
expertise through partnerships with leading platform providers such as
Mulesoft and Apigee, according to the PEAK Matrix™ Assessment.

"As consumers demand superior digital experiences, retails banks are
reorienting themselves as a lifestyle partner by collaborating with
FinTechs, moving to open architecture, and delivering contextual
products and services," said Ronak Doshi, practice director, Everest
Group. "Strong credentials in mobile banking, core platform
modernization capabilities, offerings in API implementation, and
investments in agile, DevOps, and cloud capabilities have helped Virtusa
secure its position as a Major Contender in Everest Group's inaugural
assessment on Digital Services in Consumer Banking with PEAK Matrix™
Assessment 2018."

For more than 25 years, Virtusa has been helping its banking and
financial services clients gain a competitive advantage and a strong
foothold in their markets by enabling them to innovate, drive
efficiencies, improve performance, and transform their businesses
through digital transformation. Virtusa is currently spearheading the
digital transformation for a large U.S.-based multi-national bank across
its multiple business lines.

Virtusa provides consulting and digital banking accelerators that help
its clients across a range of solutions, which include mobile banking,
digital marketing, mobile wallet, API Banking, digital bill payments,
online account opening, chatbots, and P2P payments. These solutions are
designed to improve businesses' innovation to remain competitive in the
marketplace while also reducing time to market and costs.

To access the full report, please visit: https://www2.everestgrp.com/reportaction/EGR-2017-11-GP-2464/Marketing

For more information on Virtusa's consumer banking and financial service
offerings, please visit: http://www.virtusa.com/industries/banking-and-financial-services/industry-solutions/digital-banking/

About Virtusa
Virtusa Corporation (NASDAQ GS: VRTU) is a
global provider of information technology (IT) consulting and
outsourcing services that accelerate business outcomes for Global 2000
companies and leading software vendors in banking and financial
services, insurance, healthcare, telecommunications, technology, and
media & entertainment.

Virtusa helps CXOs' address the dual challenge of growing revenues while
improving IT cost efficiencies. Virtusa's digital transformation &
innovation (DTi) solutions enable clients to reimagine the customer
experience, accelerate revenue growth and create lasting business value.
The company's operational excellence (OE) solutions help clients reduce
risk, improve operational efficiencies, and lower IT costs.

Virtusa delivers services across the IT lifecycle, including consulting,
solution design, technology selection, implementation, testing, and
maintenance, including infrastructure support. With a strong heritage in
software engineering, Virtusa is highly qualified to both develop and
maintain software, using a proven platforming methodology and advanced
Agile and Accelerated Solution Design techniques to reliably deliver
results on time and within budget.

Holding a proven record of success across industries, Virtusa readily
understands its clients' business challenges and uses its domain
expertise to deliver distinctive, differentiated and innovative
applications of technology to address its client critical business
challenges. Examples include building the world's largest P&C 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.

Through the acquisition of a majority interest in Polaris Consulting
Services Ltd. in March 2016, Virtusa has created a robust platform to
provide end-to-end solutions and services in banking and financial
services, strengthening its positioning as a top, global FinTech
services provider. Virtusa Corporation is headquartered in Massachusetts
and has 50 offices across North America, Europe and Asia.

Polaris Consulting & Services is a subsidiary of Virtusa Corporation.
Copyright © 2018 Virtusa
Corporation
.
All Rights Reserved.

View Comments and Join the Discussion!