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VirtusaPolaris a Star Performer in Banking Application Outsourcing: Everest PEAK Matrix

Status reinforces company’s focus and commitment to deliver innovation and excellence to its clients

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services and a leading global provider of information technology (IT) consulting and outsourcing services, has been recognized by Everest Group, an advisory and research firm, for its capabilities in Application Outsourcing in Global Banking Services. For the third consecutive year, VirtusaPolaris was named a “Major Contender” and specially recognized as a “Star Performer” based on its relative year-on-year movement in Everest Group’s PEAK Matrix for the Global Banking Service Provider Landscape.

Jitin Goyal, president, Banking and Financial Services, VirtusaPolaris & CEO, Polaris Consulting & Services said, “The banking industry is seeing a seismic shift, largely due to the impact of digital disruption and emerging new paradigms. Blockchain, Deep Learning & API Banking have the potential to completely redefine the banking industry. Banks need help to be the beneficiaries and not victims of this change. Being named a Star Performer for global banking services is a testament to our vast industry knowledge and extensive experience in helping our banking clients survive and thrive by creating new efficiencies, transforming operations and shaping and deploying innovative products and services.”

Jimit Arora, partner, Everest Group said, “The disruption in the banking industry, which is driven by global macroeconomic uncertainties, digitalization, and growth in FinTech, is forcing service providers to focus beyond traditional IT services in order to deliver breakthrough value to their customers. A synergistic merger – Virtusa’s strong customer-oriented delivery capabilities and a strong suite of digital transformation offerings complemented by Polaris’ deep domain expertise, strong systems integration capabilities, and access to large banking accounts – helped VirtusaPolaris position itself as a Star Performer and Major Contender in the 2016 Everest Group Banking AO PEAK MatrixT.”

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