Ranking reinforces company's differentiated value proposition for the financial services industryWESTBOROUGH, Mass., (November 19, 2015) Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has been ranked as a FinTech Forward Top 100 organization. Led by American Banker and BAI banking's top two professional information and education organizations the FinTech Forward Top 100 provides banking professionals with the information and perspective on industry technology they need to plot a course for their financial future. Virtusa was ranked 48 on this year's list. The full 2015 FinTech Forward rankings were published as a special report from American Banker and Bank Technology News.
We're proud to be recognized for the value we bring to our banking and financial services clients, said Sameet Gupte, global head of Banking and Financial Services, Virtusa. The seismic changes in the industry are compelling banks and financial services companies to look for partners that can help them efficiently manage their operations and provide innovative solutions for expanding their addressable market and for delivering differentiating experiences to their customers. We're committed to helping our clients innovate and transform their business and our commitment is reflected in the work we're doing to help them drive process efficiencies, improve operations and deliver secure and personalized digital solutions in a highly competitive and regulated marketplace.
Virtusa derives more than one-third of its revenue from financial institutions and innovative banking and financial services offerings. The company was honored for serving some of the globe's largest banks and also for holding a unique share of the crowded supplier market segment. Virtusa's banking and financial services clients include nine of the top global banks, some of the top brokerage firms and several of the largest card and payment providers. Utilizing its global delivery model and platforming approach, Virtusa provides its clients with accelerated business solutions, enabling them to rapidly evolve their products and services, and improve customer experience.
FinTech Forward recognizes solutions providers who are leading the way in financial services technology, said Debbie Bianucci, president and chief executive officer at BAI. We're pleased to congratulate Virtusa on once again ranking on the Top 100 FinTech Forward list.
In addition to the FinTech Forward Top 100 Ranking, other recent recognitions for Virtusa include an IDC Financial Insights FinTech Rankings Top 100, a Major Contender rating in Everest Group's PEAK Matrix for IT Outsourcing in Banking and recognition as a Leader on IAOP's 2015 Global Outsourcing 100® service providers list.
To learn more about Virtusa's banking and financial services, please visit:https://www.virtusa.com/industry/bfs/
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovative engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.
Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled velocity enabled by a culture of cooperative disruption.
Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.
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