Nelsonhall report recognizes Virtusapolaris leader in RPA and AI in banking

Virtusapolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd.,announced that Nelsonhall’s Vendor Evaluation and Assessment (NEAT) report on ‘Robotic Process Automation’ (RPA) and ‘Artificial Intelligence’ (AI) in Banking, positions Virtusapolaris as a leader in the overall market segment.

The report analyses 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 Nelsonhallas a leader in RPA and AI in banking,” said Virtusapolaris executive vice president, global head of solutions, banking and financial services Bob Graham. “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 providedifferentiated 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 seeingbanks 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 setup centres of excellence to quickly understand the technology landscape, identify opportunities for automation, help manage operational impacts, and accelerate their deployment through our robot factory.”

“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, and 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.”

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 honoured 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.

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’ pre-emptive outsourcing solutions help clients reduce risk and improve IT operations.