Banking & Financial Services

Virtusa's Banking & Financial Services Practice

We drive success for our clients and their shareholders across
the entire banking and financial services value chain

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.

Segments

Corporate Banking
Enabling digital transformation for improving bank efficiency and enhancing bank effectiveness
Retail Banking
Helping banks improve customer experiences through omni-channel programs and open banking initiatives
Capital Markets
Helping market participants drive efficiencies and growth through front, middle and back-office integration
Risk & Compliance
Driving automation to help banks transform their compliance investments into opportunities for innovation
Cards and Payments
Enabling banks and financial institutions deliver real-time global payments through next-generation platforms

Success Stories

Transforming today's financial institutions into tomorrow's market leaders

Our solutions, backed by 25 years of experience combined with our digital engineering rigor, gives our clients the competitive edge to succeed in the face of a challenging and complex market landscape. 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.

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Virtusa’s Powerful Open Banking Sandbox Accelerates Digital Innovation for a Leading UAE Bank

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Mashreq Bank Automates Customer Due Diligence, Increases Process Throughput by 78%

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We Bring Together the Skills and Expertise That the Banking and Financial Services Industry Needs the Most

Industry Knowledge

We understand the unique requirements and touch-points across the entire banking and financial services value chain.

Technology Capabilities

Our deep knowledge of key technologies and best practices are disrupting the banking and financial services industry as we speak.

Mature Methodologies

We prioritize leveraging methodologies that ensure a consistent service experience while delivering high-value, low-cost solutions.

Scale and Agility

We meet the cyclical nature of our clients’ requirements by quickly scaling up and down resources.

Innovation Labs

Access to virtual labs helps companies like yours accelerate experiments and launch commercially viable products faster.

Digital Engineering

Our holistic approach towards digital strategy, transformation, and operations enables clients to win in this digital economy.

Accelerating banking innovation

Virtusa combines deep industry knowledge with consulting and solution accelerators to help our clients accelerate innovation, reduce costs, improve customer experience and develop new products faster. With over 25 years of experience in the BFS industry, we have built technology solutions and implemented transformational programs for clients in just about every facet of the banking spectrum.

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