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 13 th 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."

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