VirtusaPolaris Recognized in FinTech Forward Report by American Banker and BAI

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 both Virtusa Corporation and Polaris Consulting & Services have been recognized by American Banker and BAI as members of the 2016 FinTech Forward 100 list of the leading technology providers in the world. Virtusa Corporation was ranked at 49 and Polaris Consulting & Services were positioned at 47. The FinTech Forward 100 list is based on 2015 calendar year revenues attributed to financial institutions. On March 3, 2016 Virtusa Corporation acquired a majority interest in Polaris Consulting & Services Limited.

“As technological advances continue to reshape customer experiences and operations of the banking and financial services industry, banks and financial institutions are committing to innovation and digital transformation,” said Samir Dhir, president - Banking & Financial Services, VirtusaPolaris. “This recognition reflects our continued dedication to providing our global banking clients and their customers with compelling digital experiences, while also realizing new cost efficiencies and synergies.”

With over 25 years of experience serving top financial companies, VirtusaPolaris has delivered successful solutions that have enabled several global banks, top brokerage firms, and card and payment providers to deliver personalized service to their customers. Through its industry-leading business consulting capabilities, cutting edge solutions, and transformational technology expertise, VirtusaPolaris works with banks and financial services firms to leverage digital disruption to reinvent and transform businesses, expand their addressable market and increase revenues. With the recent set up of a world class FinTech Lab, VirtusaPolaris is enabling banks to accelerate at business innovation as well.

“Financial services companies are increasingly turning to vendors to augment legacy technology, better understand data and provide customers with products that hold up across the digital universe,” said Robert Barba, technology editor of American Banker. “The companies we recognize as members of the FinTech Forward rankings are giving banks the tools they need to handle the challenges and opportunities they face.”

FinTech Forward, now in its 13th year, provides a comprehensive and forward-looking view of the strategic imperatives driving bank technology, both from the vendor and the user perspectives. The program draws on the two organizations’ deep industry expertise, market-leading proprietary research, and strength in live events to produce actionable content for decision makers.

BAI’s Chief Marketing Officer and Companies to Watch Judge, Holly Hughes, said, “This year’s Companies to Watch are driving positive change within the industry. These organizations provide financial services leaders with powerful tools to better serve their customers.”

To see the final FinTech Forward company rankings, please visit: FinTechForward.com.

For more information on VirtusaPolaris' solutions for banking and financial services organizations, please visit http://www.virtusapolaris.com/industries/banking-and-financial-services/perspective/.

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 © 2016 Virtusa Corporation. All Rights Reserved.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161129005192/en/