Banks and Financial Institutions have stepped up their focus on modernizing their applications and processes to respond to corporate imperatives aimed at improving operational efficiency, customer experiences and fast-tracking innovation. Technology rigidity and a lack of access to customer insights limit agility to support business transformation at the speed and scale required to be competitive, driving the BFSI segment to relook at their legacy applications.
According to IDC, 57% of organizations view application modernization as the top priority today, with 81% rating modernization as a high priority within the next three years
Enterprises need high-velocity migration to the cloud to stay competitive and be future-ready. Virtusa's robust cloud migration and data center's exiting capabilities enable high elasticity for cost alignment, offload cloud management, and infinite scalability. Virtusa's robust cloud migration and modernization factory help organizations in:
- 25-50% improved time-to-market
- 30%+ increased development and productivity
- 99.99% reliability
- 50% faster application delivery