The banking environment today is undergoing unprecedented change driven by regulation, API Banking, competition from challenger banks and fintechs as well as a major technology evolution in the areas of mobility, data science and artificial intelligence. These changes are altering the competitive landscape, traditional product offerings and the manner in which and from who customers buy and use banking services.
With over 25 years of industry experience, Virtusa has become the partner of choice for banks and financial services firms navigating these challenges to digitally transform while driving operational excellence and cost efficiency. We support over close to 100 banking and financial services clients across North America, Europe, Asia Pacific and Australia including more than half of the top 30 global banks and many of the top national and regional institutions.
We have dedicated banking and financial services practices covering retail, corporate, capital markets, cards & payments as well as risk & compliance. Our industry leading digital engineering capabilities including mobile, data, cloud, UX, microservices and AI and robotics have been recognized by key analysts and experts. Virtusa XLabs is the industry leading cloud based financial services innovation platform supporting API banking, data science and blockchain solutions. Our consulting team delivers transformation and cost takeout solutions that accelerate measurable results to IT and business operations.
Our success stories include a mobile banking solution that supports more than 20% of the US transaction volume; a corporate banking portal that handles $6 trillion monthly transactions; launch of a digital only retail bank and roll-out of one of the largest trade finance platforms in the industry.