AWS Financial Services Practice

Virtusa’s AWS Financial Services practice brings over 25 years of financial services domain and engineering expertise to the AWS Cloud. We cover a number of key areas in the financial services space such as retail banking, corporate banking, insurance, capital markets, cards and payments, and risk and compliance. As a business transformation partner of choice, we support our numerous financial services clients on a global scale to help them handle a competitive landscape that is undergoing rapid change due to increasing regulations and technological progression.

Our solutions are used in every aspect of daily life. Some of our key successes are:

  • A mobile banking solution that supports more than 20% of US transaction volume
  • A corporate portal that handles $6 trillion in transactions per a month
  • One of the industry’s largest trade finance platforms
  • A global claims platform optimized for cost and regional regulations

Virtusa’s AWS Financial Services Offerings

Virtusa’s Open Innovation Platform (OIP)

An integrated development environment that helps banks kickstart their AWS journey and promote a culture of innovation by partnering them with select FinTechs, RegTechs, and InsureTechs through the Lean Agile model.

Virtusa’s Open Innovation Platform (OIP)

Virtusa’s OIP is a purpose-built, integrated development environment that is based on the trend that the financial world is moving towards an ‘open system’. The OIP gives banks the ability to handle the challenges of regulatory compliance, evaluate and ideate FinTechs, develop in their own production environment, collaborate with multiple entities, and even run hackathons to leverage crowd intelligence. Every element of the OIP is underpinned by a synthetic data set consisting of over 10 million customer records and 40 million transactions that replicate the data of a banking environment, allowing a bank to quickly evaluate solutions and circumvent intensive data migrations. The Open Innovation Platform is optimized for AWS and leverages a host of tools such as Amazon VPC, EC2, RDS, S3, Route 53, and CloudFront among others to ensure a well-architected framework.

With Virtusa’s OIP, financial institutions can:

  • Build MVPs to create unconventional revenue streams through new banking services
  • Journey through an idea hypothesis to a minimum viable product (MVP) with measurable outcomes
  • Utilize a strong catalogue of APIs and FinTechs to validate and develop MVPs
  • Experiment in a risk-free environment
  • Reduce time and cost for any innovation initiative

Learn more about our OIP Solution

Bank Connect

A personalized omnichannel customer experience that increases customer retention and acquisition while reducing the costs of managing an effective customer journey

Bank Connect

Virtusa’s BankConnect offering is built for banks who are looking to learn more about their customers’ behavior and have the ability to respond to that behavior by providing a personalized customer experience specific to each individual customer’s needs.

This solution offering is targeted to Adobe Experience Manager customers. With Virtusa’s Bank Connect offering, you have the ability to empower your customers’ lives and ensure and enhance your ability to be their number one provider of their financial services. BankConnect is optimized for AWS, giving you the ease of extendibility so that you can enhance the platform to even further fit your customers’ needs.

Virtusa’s BankConnect offering rolls out a consistent brand experience across all your channels and helps you understand your customers’ needs so that you can target and offer personalized content and offers to you customers. From being able understand your customers’ behavior, to anticipating their needs, and all the way to building an engaging rewards program, BankConnect gives you the ability to create real customer loyalty.

Success Stories

ACCELERATE ENTERPRISE CLOUD ADOPTION WITH VIRTUSA

We offer end-to-end services right from helping you jumpstart your AWS journey, to migrating and managing solutions from the AWS suite.

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The Changing Landscape of Deposit Growth
in US Banks

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