Virtusa makes 4th FinTech 100 List appearance, now ranked 58th

US- based Virtusa, which has a software development centre in Sri Lanka, announced recently that it had once again appeared on the FinTech 100 List of global leaders in financial services technology. This is the fourth consecutive year the company has made the list, while also climbing the ranking 30 places to its current 58th place since first being selected.

According to Virtusa's announcement; "The list, currently in its 10th year, ranks the most successful financial services technology vendors around the world based on their calendar year 2012 revenue from financial services".

Further, the announcement also quoted Virtusa's Chairman and Chief Executive Kris Canekeratne as commenting; " Financial institutions around the world continue to face new opportunities and challenges. On the one hand, they must innovate and reach new markets and consumers. On the other hand, they have to run their businesses more efficiently. Using our deep industry experience and consultative technology expertise, we help our clients deliver a distinctive millennial experience, transform their business and benefit from platforming efficiencies. This recognition is testament to the dedication of our team members who work tirelessly to help our banking and financial services clients accelerate time to market, lower overall costs, comply with regulations and improve operational efficiencies".

The company also stated; " Each year, Virtusa develops and brings to market new solutions that uniquely address the challenges that banking and financial services institutions are facing. Virtusa provides end- to- end consulting and technology and transformation services for the financial services industry worldwide including some of the world's top banks, broker dealers, FCMs, fund administrators, investment banks, investment managers, private funds, prime brokers/ prime services and select industry service providers. Virtusa's banking and financial services customers include seven of the top ten U. S. banks, four of the top ten global banks, several of the top brokerage firms and two of the largest card and payment providers.

Virtusa uses its Platforming methodology and global delivery model to help companies optimise their software applications and platforms, enhance operational efficiencies, minimise risks, sustain cost leadership, and support their business transformation initiatives".

(JH)