Infosys, a global leader in consulting, technology, outsourcing and next-generation services, has been rated as a Leader and Star Performer in the capital markets IT outsourcing space in Everest Group's "IT Outsourcing in Capital Markets – Service Provider Landscape with PEAK Matrix™ Assessment 2014" report.
Infosys scored high for growth in its application outsourcing (AO) and annualized contract value (ACV) in capital markets, successful renewals and expansions, and client acquisitions in the APAC region. Infosys also announced the highest number of global scope deals in 2013. Clients strongly rated Infosys on its ability to deliver innovation and robust account management capabilities. Investments made by Infosys in proprietary solutions and portfolio expansion augmented the positive rating for the company. Infosys launched three new solutions:
- Infosys Finacle Treasury: A shared service offering combining people, processes, technology, and best practices across both product implementation and business process outsourcing in the derivatives space
- Infosys Risk Data Governance: A framework to enable data sourcing and analysis for a Basel implementation
- Infosys Brokerage Platform: Designed to support both payables and receivables management, with the ability to support multiple currencies and taxation, mirroring the global environment
Mohit Joshi, Executive Vice President, Head, Financial Services, Infosys: "Risk and compliance issues and liquidity management are key challenges in capital markets. Financial institutions demand domain-driven innovations and capabilities, such as the Infosys Transaction Reconciliation System, as well as best-of-breed software. The Everest rating stands testimony to our continued focus on creating solutions that help our clients stay competitive in the capital markets industry."
Jimit Arora, Vice President, Everest Group: "Infosys considerably enhanced its position in the capital markets AO space, given the strong growth in deal activity as well as capability augmentation throughout the year. Clients acknowledge the ability of Infosys to deliver innovation and offer superior account management – which contributes to success in new wins as well as renewals and expansions."
The 2014 Everest Group PEAK Matrix™ for IT Outsourcing in Capital Market report evaluated 23 leading AO service providers, specific to the global capital markets sector. The PEAK Matrix is a composite index of a range of distinct matrices related to a service provider's scale, scope, technology and domain investments, delivery footprint, buyer satisfaction, and resultant market success.