VirtusaPolaris, the market-facing brand of Virtusa Corporation
and Polaris Consulting & Services, Ltd., and a leading
worldwide provider of information technology (IT) consulting and
outsourcing services, today announced that NelsonHall’s Vendor
Evaluation and Assessment (NEAT) report on Robotic Process
Automation and Artificial Intelligence in Banking positions
VirtusaPolaris as a leader in the overall market segment. The
report analyzes and identifies vendors’ abilities to both deliver
immediate benefit, as well as meet future client requirements in
both RPA and AI in banking.
“We are proud to be recognized by NelsonHall as a leader in RPA
and AI in banking,” said Bob Graham, executive vice president,
global head of solutions, Banking and Financial Services,
VirtusaPolaris. “Intelligent automation, including RPA, Chatbots
and AI, present significant opportunities for our banking clients
to change traditional ways of operating, deliver product and
service more efficiently with higher customer satisfaction, and
provide differentiated innovation opportunities. VirtusaPolaris is
committed to helping our clients maximize the potential of
intelligent automation through investments in a broad range of
product partnerships and custom-built accelerators that address the
critical business needs of our clients, including KYC and
fraud.”
“The banking industry is in a state of flux and we are seeing
banks just beginning their RPA and AI journeys,” said Ayesha
Kareem, vice president, global head of Robotics Process Automation
(RPA) Practice at VirtusaPolaris.” Through our consulting
offerings, we are helping clients define and set up Centers of
Excellence to quickly understand the technology landscape, identify
opportunities for automation, help manage operational impacts, and
accelerate their deployment through our robot factory.”
Citing the company’s acquisition of Polaris in 2016, the NEAT
report emphasizes VirtusaPolaris’ ability to provide rapid build
and deployment of RPA and AI Proof of Concepts (POCs) and
operations across a wide range of banking processes, while
maintaining a strong partner ecosystem across RPA and AI and a
comprehensive set of IPs, including its own RPA solution, Accello.
Additionally, VirtusaPolaris’ partnership with IBM Watson enables
the application of cognitive technology to the banking sector.
“Virtusa’s acquisition of Polaris has provided the company with
an established beachhead in the rapidly evolving RPA and AI
activities of banks,” said NelsonHall analyst Andrew Efstathiou.
“VirtusaPolaris is well positioned to respond to the demand for
automation engagements, has a robust framework for automation
consulting and implementation, has a good installed base of RPA
projects and a strong pipeline for additional RPA and AI projects.
VirtusaPolaris has the potential to grow its RPA and AI practice on
a strong trajectory.”
Leveraging its 25 years of experience and expertise in the
banking and financial services industry, VirtusaPolaris has been
helping banks and financial institutions accelerate their
innovation process and effectively meet the challenges of digital
disruption. VirtusaPolaris’s RPA and AI services in banking
encompass consulting, design and POC, with RPA also covering
operations. VirtusaPolaris’s RPA and AI deployments focus on retail
banking, corporate banking, securities and finance, HR, compliance
and risk.
The company’s RPA Practice has also been helping clients from
other industries, including Insurance, Healthcare, and Telecom,
capitalize on the emerging opportunities automation is throwing up
for businesses. Recently, VirtusaPolaris was honored with the
Stevie American Business Award in the Most Innovative Technology
Company of the Year category, for its creative technical
environments that nurture innovation, supported by a strong
technical team to help its clients achieve profitability.
For more information on NelsonHall’s RPA and AI in Banking
report 2016, visit
https://research.nelson-hall.com/sourcing-expertise/neat-reports/?avpage-views=neat&avpageviews=neat&NEATaction=viewProject&project=111
To view more information on VirtusaPolaris’s capabilities in
Banking and Financial Services, visit
http://www.virtusapolaris.com/industries/banking-and-financial-services/perspective/
About NelsonHall
NelsonHall is the leading BPS and IT services research firm with
analysts in the U.S., U.K., and Continental Europe. The company
takes a global approach to analysis of vendors and outsourcing
markets and is widely respected for the quality and depth of its
research. With its “Speed-to-Source” initiative, including NEAT,
NelsonHall is helping buy-side organizations significantly reduce
the time and cost associated with BPS and ITS sourcing
projects.
About VirtusaPolaris
VirtusaPolaris, the market-facing brand reflecting the combined
strengths of Virtusa Corporation and Polaris Consulting &
Services, Ltd. is a global provider of information technology (IT)
consulting and outsourcing services that accelerate business
outcomes for Global 2000 companies and leading software vendors in
banking and financial services, insurance, healthcare,
telecommunications, technology, media and entertainment.
VirtusaPolaris’ solutions address the CXOs’ dual challenge of
growing revenues while improving IT cost efficiencies.
VirtusaPolaris’ digital services leverage innovative new
technologies to reimagine the customer experience, increasing
retention and creating lasting value. VirtusaPolaris’ preemptive
outsourcing solutions help clients reduce risk and improve IT
operations.
VirtusaPolaris delivers services across the IT lifecycle,
including consulting, solution design, technology selection,
implementation, testing and maintenance & support, including
infrastructure support. Inheriting a strong heritage in software
engineering, VirtusaPolaris is highly qualified to both develop and
maintain software, using a proven platforming methodology and
advanced Agile and Accelerated Solution Design techniques to
reliably produce results on time and within budget.
Holding a record of success across industries and unparalleled
domain expertise, VirtusaPolaris understands clients’ business
challenges best and uses that to deliver distinctive,
differentiated and innovative application of technology to solve
those problems. Examples of large business transformations
completed include the world’s largest P&C claims modernization
program, one of the largest corporate customer portals for a
premier global bank, an order to cash implementation for a
multinational telecommunications provider, and digital
transformations for media and banking companies.
Virtusa Corporation is headquartered in Massachusetts, and
together with Polaris, has 50 offices across North America, Europe
and Asia.
Polaris Consulting & Services is a subsidiary of Virtusa
Corporation. Copyright © 2017 Virtusa Corporation. All Rights
Reserved.
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GreenoughAmy Legere, 617-275-6517alegere@greenough.biz
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