The banking environment today is undergoing unprecedented change driven by regulations, API banking, and rapid technological progressions in mobility, data science, and artificial intelligence. These changes are altering the competitive landscape, traditional product offerings, and the way that customers buy and use banking services.
With over 25 years of industry experience, Virtusa has become the partner of choice for several banks and financial services firms. We partner with our clients on their digital transformation journey to help them drive operational excellence and cost efficiency in their organization. We support nearly 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 and payments, and risk and compliance. Key analysts and experts have recognized our innovative digital engineering capabilities including mobile, data, cloud, UX, microservices and AI, and robotics. Virtusa XLabs is the industry-leading cloud-based financial services innovation platform supporting API banking, data science, and blockchain solutions. Our consulting team delivers digital transformation and cost takeout solutions that accelerate measurable results to IT and business operations.
Over 25 years of experience delivering cutting edge technology solutions
Deep domain expertise across payments, client lifecycle management and Risk & Compliance
Powering one of the largest retail banking mobile apps in the US
Delivered a corporate banking portal that handles $6 trillion monthly transactions
We've worked with some of the world's largest financial institutions to implement cutting-edge, innovative solutions that have revolutionized how they do business.
A leading UK bank wanted to optimize its digital channels to cater to clients and prospects in small business segments. It sought to create consistent user experience across four standard browsers while ensuring compliance with DDA regulations.
A leading global bank was in the need of a scalable, secured, and proactive strategy to address the rising number of false positives in screening payments and also reduce operational expenses. Virtusa automated the sanction screening workflow using artificial intelligence and helped the bank gain over 98% accuracy in sanction screening.
A leading North American commercial lender needed an automated and integrated solution to accelerate the loan management process and improve experience for borrowers. Virtusa implemented a holistic AI solution to help the client seamlessly migrate its lending operations to cloud and increase the loan processing rate by 30%.
A leading bank wanted a cost-effective strategy to augment customer service, reduce operational expense of maintaining the contact centre, and enable customized services to customers. Virtusa implemented intelligent automation to transform the contact center resulting over $600mn savings.
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