Virtusa, the business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced it has been named a Major Contender in Everest Group’s 2018 PEAK Matrix for Digital Services in Wealth Management. Virtusa was positioned as a Major Contender based on an evaluation of market impact measured through two dimensions: 1) Market adoption, portfolio mix, and value delivered; and 2) Vision and capability, measured vision and strategy, scope of services offered, innovation and investments, and delivery footprint. Out of 18 IT service providers showcased, Virtusa is one of 11 Major Contenders listed on the 2018 PEAK Matrix assessment for Digital Services in Wealth Management.
“We are excited to be recognized by Everest Group as a Major Contender in the 2018 Digital Services in the Wealth Management PEAK MatrixTM assessment,” said Bob Graham, global solutions head, Banking and Financial Services, Virtusa. “Wealth management is changing significantly as a result of technology disruption and a new generation of investors with expectations around providing best-in-class experiences and pricing, all of which are forcing businesses to provide data-driven personalization and self-service models across their services. Virtusa has been helping its wealth management clients leverage digital technologies to deliver personalized digital experiences and value as a trusted wealth management advisor to their customers.”
Virtusa’s expertise in digital technologies includes analytics, robotics, cognitive, and AI, and focuses on delivering value to its clients’ wealth management customers. Virtusa has been helping wealth management clients by delivering leading-edge solutions for over 20 years. As a result of continued developments in the digital space, the emergence of new entrants such as robo advisory firms, changes in demographics, and the adoption of disruptive technologies like blockchain, wealth management clients now face a very challenging landscape. Virtusa’s solutions, supported by its cloud-based fintech lab and leading consulting capabilities, prepares clients for success by directly addressing core needs such as legacy modernization, customer experience, data lineage and data strategy, and millennial solutions.
“Wealth management firms are facing diverse pressures such as fee compression, demand for superior digital experience, and increased scrutiny from regulators,” said Ronak Doshi, practice director, Everest Group. “Strong capabilities in front-office functions and a suite of digital solutions, backed by its engineering heritage have helped position Virtusa as a Major Contender on Everest Group’s Digital Services in Wealth Management PEAK Matrix assessment”.