SOUTHBOROUGH, Mass. – (October 14, 2021) – Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced it has been identified as an overall Leader in NelsonHall’s Vendor Evaluation and Assessment Tool (NEAT) focused on Wealth and Asset Management Services in 2021.
In addition to its Overall Leader recognition, Virtusa was also identified as a Leader in ‘Support for New Digital Banking Models’, as well as a Leader spot in ‘Professional Services Capability’ and Innovator ranking for ‘Hosting and BPS.’
Virtusa has more than 20 years of experience in co-creating solutions specifically for capital markets, treasury, and asset management. This includes frameworks and the Virtusa xLab Accelerator which helps organizations speed their tech innovation and leverage disruptive technologies to deliver value. These solutions are driven and supported by a global team of more than 3,000 associates with deep experience and expertise across all areas of asset and wealth management.
“Virtusa understands the pressure that wealth and asset managers are under to shift business models and meet their clients’ demands for more personalized, omnichannel experiences and services as well as access to new digital assets,” said Sanjay Deshpande, Executive Vice President and Head of Banking and Financial Services, Americas of Virtusa. “These multiple recognitions from NelsonHall demonstrate both our knowledge and understanding of the shifting industry landscape and our team’s ability to successfully execute and usher asset managers into this new era.”
Andy Efstathiou, Director of NelsonHall’s Banking Operations & Transformation practice, said “Virtusa was identified as a Leader in wealth and asset management services based on a focused set of services delivering platform transformation. In addition, in IT services, Virtusa has strong capabilities in open banking enablement drawn from its large Fintech ecosystem and experience with financial institutions’ legacy platforms.”
This NelsonHall Vendor Evaluation & Assessment Tool (NEAT) analyzes the performance of vendors offering wealth & asset management services. Using the NEAT tool, strategic sourcing managers can assess the capability of vendors across a range of criteria and business situations and identify the best performing vendors overall, and with specific capability in hosting/BPS, professional services, and supporting new digital banking models.