Latest news with #PranatiDave
Business Wire
4 days ago
- Business
- Business Wire
Altimetrik Named a Major Contender in Everest Group's Banking and Financial Services IT Services Specialists PEAK Matrix® Assessment
DETROIT--(BUSINESS WIRE)-- Altimetrik, a pure-play digital business company, has been recognized as a 'Major Contender' in Everest Group's inaugural Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix® Assessment 2025. Altimetrik's Digital Business Methodology (DBM) and AI-first solutions have proven to be a valuable approach for financial institutions seeking scalable digital solutions focused on customer outcomes. The Everest Group assessment evaluated 30 specialist IT service providers based on their market impact, vision, and capability, positioning Altimetrik among the top service providers in this space. 'Altimetrik's use of its Digital Business Methodology (DBM) and its approach to co-developing scalable digital solutions have supported transformation initiatives within banking and financial services,' said Pranati Dave, Practice Director at Everest Group. 'Clients have noted its ability to rapidly build Minimum Viable Products (MVPs) and show early indicators of business value, particularly in areas such as compliance, payments modernization, and generative AI. These strengths, along with its engineering capabilities and a balanced focus on both horizontal technologies and domain-specific needs, have contributed to Altimetrik's recognition as a Major Contender in Everest Group's inaugural Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix® Assessment 2025.' Altimetrik's key strengths highlighted in the assessment include: Strong digital product engineering capabilities Ability to rapidly deliver measurable customer outcomes through short sprints Balanced mix of horizontal and industry-specific accelerators tailored to BFS needs Strategic focus on high-value transformation engagements Experience working with diverse BFS clientele including banks, payment processors, and FinTechs 'Financial institutions are leading the way in digital business, with AI accelerating change across the sector — from modernizing legacy systems to enabling smarter decision-making, hyper-personalization, and real-time operations,' said Raj Sundaresan, CEO at Altimetrik. 'This recognition from Everest Group validates our engineering-led, AI-first approach to helping BFS clients address compliance, security, customer experience, and operational agility. By combining deep domain expertise with advanced data and AI capabilities, we not only accelerate innovation but also ensure measurable value from AI investments. Our success in areas like platform modernization, intelligent client onboarding, and real-time payments implementation reflects our commitment to building AI-first, scalable, high-impact solutions that drive digital solutions at speed and scale.' Altimetrik's AI-focused, data driven, collaborative, and agile methodology has proven particularly effective in the BFS sector, with case studies highlighting significant improvements in operational efficiency. In one client engagement, Altimetrik reduced commercial client onboarding time from over 60 days to just two days, while another implementation improved payment transaction processing speed 20 times over. The company continues to invest in technology capability centers focused on AI, product engineering, data engineering, analytics, quality engineering, and DevSecOps to further enhance its offerings to BFS clients. Read the full report and learn more about Altimetrik's capabilities in the banking and financial services sector. Disclaimer Licensed extracts taken from Everest Group's PEAK Matrix® Reports may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group's PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group's analysts and included in Everest Group's PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports. About Altimetrik Altimetrik is a pure-play digital business services company. We focus on delivering business outcomes with an AI-first, agile, product-oriented approach. Our first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-size increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Learn more at About Everest Group Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at
Yahoo
14-04-2025
- Business
- Yahoo
Virtusa Named a Leader in Everest Group Banking and Financial Services IT Services Specialists PEAK Matrix® Assessment 2025
Recognized for BFS Expertise, Stakeholder-Centric Engagement, and Ecosystem-Driven Innovation SOUTHBOROUGH, Mass., April 14, 2025 /PRNewswire/ -- Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services, today announced that it has been positioned as a Leader in the recently published Everest Group Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix® Assessment 2025. The report evaluates firms that deliver domain-intensive, stakeholder-centric solutions. Virtusa was recognized for its deep BFS domain expertise, client-first delivery model, and ability to drive tangible business outcomes for global financial institutions. "Being named a Leader in Everest Group's BFS IT Services Specialists PEAK Matrix® 2025 is a strong endorsement of our commitment to engineering value in the BFS sector," said Sanjay Deshpande, Executive Vice President & Head of Banking, Communications and Emerging Industries at Virtusa. "Our platform-centric approach, strong industry partnerships, and ability to tailor engagements to the needs of CXOs and enterprise stakeholders help clients accelerate modernization, reduce costs, and remain competitive in a rapidly evolving landscape." Virtusa's leadership position reflects its ability to deliver end-to-end digital transformation for BFS clients through ecosystem-driven innovation. The company has established strategic partnerships with hyperscalers and technology providers to close capability gaps and drive differentiated value. Enterprises have also commended Virtusa's client engagement model, which includes direct sponsorship from CEO or CXO levels in large accounts. "Virtusa's sustained focus on digital engineering excellence and a differentiated go-to-market strategy—anchored in partnerships, offerings, and domain competencies—has strengthened its market standing in the banking and financial services IT landscape," says Pranati Dave, Practice Director, Everest Group. "Clients have lauded Virtusa's advisory-led approach and POC-driven engagements, particularly around generative AI, which reinforce business value. These distinctive capabilities, combined with its breadth across core modernization, open banking, FinCrime, and sustainability, have helped Virtusa earn a Leader recognition on Everest Group's inaugural Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix® Assessment 2025." Virtusa has demonstrated strong capabilities in core banking, insurance, data analytics, and AI/ML, delivering cost-effective solutions that drive growth and cross-sell opportunities for clients navigating today's complex regulatory and technological landscapes. Learn more about our BFS services: About Everest Group Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at About Virtusa Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 27,000 builders, makers, and doers that partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries. Outperforming companies that use customer data extensively to improve how they generate demand and service the products they sell Virtusa's unique Engineering First approach means never presenting an idea we can't execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results. Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders. Disclaimer Licensed extracts taken from Everest Group's PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group's PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group's analysts and included in Everest Group's PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports. Media Contact:Paul LesinskiEdelman(971) View original content to download multimedia: SOURCE Virtusa Corporation Sign in to access your portfolio
