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.
One of our mobile banking solutions supports more than 20% of the US transaction volume. Our corporate banking portal handles $6 trillion worth of monthly transactions. Our banking technology solutions helped banking and financial institutions achieve a digital-only retail bank, and we helped rollout of one of the largest trade finance platforms in the industry.