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Services

Banking and financial service consulting

Building the bank of the future 

 

Every aspect of banking operations is impacted by technological advances, so much so that banks now want to be technology companies with a banking license. Technology is now driving many product roadmaps, with digital transformation being a boardroom agenda. Businesses now want to ride this rapidly evolving and growing technology space to serve their customers better, leveraging technologies like AI/ML, embedded finance, cloud, etc., to deliver and accelerate value. 

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Four key trends shaping the future of banking

  • Embedded finance - Seamless integration of financial services in customers’ daily lives and at the intersection of commerce.
  • AI - Use of advanced analytics and AI in all aspects of banking, including personalization, credit risk, fraud, and customer service. 
  • Customer experience - Hyper-personalization and omni-channel customer experience across retail, wealth, and corporate customers.
  • Need for speed - Increasing the speed of change and the need to respond to go faster; accelerated go-to-market and transformation.
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Virtusa recognized as a major contender in Everest Group’s Open Banking IT Services PEAK Matrix® Assessment 2024

Why Virtusa?

  • Virtusa holds 25+ years of banking and financial services domain expertise with 10,000+ consultants.
  • Our consultants and engineers team up to guide you in the right direction and deliver improved value.
  • Our teams collaborate to pinpoint the why, what, and how, facilitating an upfront assessment and ideation process supported by actionable implementation strategies.
  • We will propel your organization towards a future state that seamlessly aligns with your business mission, vision, and strategic goals leveraging our platforms and accelerators, and strategic partnerships.

Our solutions

Virtusa’s uniquely tailored BFS consulting solutions reshape the future of banking for our clients.

Open banking and embedded finance

New and emerging business models powered by open banking and integrating banking services into non-financial products and services.

Fincrime optimization

Leveraging digital technologies and platforms to optimize the total cost of financial crime compliance.

Core modernization

Improved performance, reliability, and speed of core banking systems to ensure improved responsiveness to changing business needs.

Digital transaction banking

Digitization of transaction banking products and services in line with their retail banking counterparts.

Hyper-personalization and wealth management

Increase your relationship management (RM) productivity, boost sales, and grow the assets under management (AUM).

Payment transformation

Transforming payment stack to meet the immediate and future needs of the market, cut costs, and maximize revenue potential.
Banking & Financial Services

Accelerating banking innovation driven by cutting edge
digital engineering capabilities

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Success stories

Virtusa’s extensive domain expertise has helped global banks and major investment firms conduct platform and application modernization while streamlining and simplifying reporting and performance processes. 

Our insights

Learn more about financial crime monitoring and optimizing through the Virtusa perspective with our blog article.

Find out what Virtusa can do for you

Speak to our banking and financial consultant, request an assessment, demo our solutions.

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