Infosys, a global leader in consulting, technology, outsourcing and next-generation services, has been positioned as a Leader and Star Performer in the 2015 PEAK Matrix™ for banking application outsourcing (AO) by Everest Group. The consulting and research firm also positioned Infosys as a Leader in capital markets for the second consecutive year.
Infosys scored high in scale and scope of its delivery capability, focus on IP-based solutions, success with next-generation digital technologies, and a strong portfolio of offerings across the sub-verticals.
The 2015 Everest Group Banking and Capital Markets AO PEAK Matrix™ assessments evaluated over 54 leading banking and capital markets AO service providers. The companies were mainly assessed on comprehensiveness of response and client references.
The following strengths of Infosys were highlighted in the report:
• Acquisition of Panaya Inc. to bring automation to several of its clients through an agile SaaS model;
• A portfolio of offerings in mortgage, cards, treasury, and risk & regulatory compliance management;
• Creation of two new CoEs for banking - one that focuses on next-generation online and mobile banking capabilities, and the other on developing loyalty solution architecture and frameworks;
• Partnership with Wolf Olins, Fitch Design Consulting, and UDG to enhance its design capabilities;
• Infosys’ proprietary core banking platform, Finacle, and the launch of ‘Finacle Assure’, a preventive maintenance solution;
• Launch of EdgeVerve Systems Limited to develop and operate cloud-hosted platforms and software products that are available as a pay-as-you-use service, and to provide various digital services to clients in an outcome-based model.
Mohit Joshi, Executive Vice President and Global Head, Financial Services, Infosys:
“Today, technology is central to financial institutions as they face a range of new competitive pressures. Infosys is leading the industry in driving a new wave of technology led innovation, including automation and best-of-breed software that is helping clients compete with new players and comply with complex regulations. Our rating as a Leader and Star Performer by the Everest Group recognizes this and is an outcome of our investments in people, processes and industry solutions.”
Jimit Arora, Vice President, Everest Group:
“Financial Institutions globally are focusing on a triple mandate of run, manage, and change. In the current environment, digital innovation, customer intimacy, domain expertise, and flexible engagement models are driving success for service providers. Strategic investments in IP-based solutions, deep domain expertise, success with next-generation digital technologies, and enhanced transformational capabilities helped Infosys enhance its position as a Leader on the 2015 Everest Group Banking and Capital Markets AO PEAK Matrix assessments.”
Infosys (infosys.com) is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2015. These filings are available at sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
Paul de Lara - Infosys, UK
P: +44(0)20 7516 2748 - E: Paul_deLara[.]infosys.com.
Cristin Balog - Infosys, USA
P: +1 650-320-4126 - E: Cristin_Balog[.]infosys.com.