Bengaluru NFAPost: Infosys (NYSE: INFY), the global leader in next-gen digital services and consulting, today announced that it has grabbed the top position in Everest Group’s PEAK Matrix® for BFS Risk and Compliance IT Service Provider Assessment 2020.
Infosys was recognised for its strong domain expertise, innovation capabilities, and well-defined strategy to deliver value to customers in the financial and enterprise risk management space.
Everest Group assessed 26 leading service providers through a multi-phased research and analysis process for their vision and capabilities to provide risk and compliance IT services to BFS firms across geographies. The leaders were characterized by their wide scope of offerings, well laid-out strategy to train and certify talent, well-defined partnership ecosystem, and investment in cloud-based offerings, cross-functional domain and analytics experts among others.
The report highlighted Infosys’ strengths as:
- Investments in building cloud-enabled platforms for major risk and compliance areas such as financial risk management and enterprise risk management have helped Infosys win modernization engagements in this space.
- A partner-led go-to-market strategy with players such as SAS, MetricStream, and RSA to serve a larger number of clients.
- Clients have cited Infosys’ flexibility in offering innovative outcome-based pricing models.
- Investment in emerging themes such as climate risk by developing a framework to measure the impact of climate-related risk factors on KPIs of banks.
- A consulting-led strategy for LIBOR transition, covering assessment of current exposure to LIBOR along with design, development, and implementation of new products.
Mohit Joshi, President, Infosys, said, “Financial institutions of all sizes today are more concerned than ever about risk and compliance management. Infosys has always been striving to maximize the business value for its clients through extensive risk and compliance capabilities. Our excellent performance in the Everest Group Risk and Compliance PEAK Matrix® endorses our deep domain knowledge and differentiated offerings across the risk and compliance value chain ‒ from strategic advice and solution definition to implementation and support.”
Ronak Doshi, Vice President, Everest Group, said, “BFS enterprises are experiencing unprecedented headwinds from increasing regulatory pressure, emerging risks, increasing cost of compliance, and a post-pandemic reevaluation of risk appetite and associated data and reporting systems to comply with government-enforced stimuli. BFS firms need a resilient, scalable, and agile risk management and regulatory reporting architecture to manage the current situation. Infosys has strengthened its market positioning, earning Leader recognition on Everest Group’s BFS Risk and Compliance IT Services PEAK Matrix® Assessment 2020 based on its investments in building cloud-enabled platforms for major risk and compliance areas, collaborative go-to-market efforts with third-party providers, and strong recognition among clients for offering outcomes-based pricing models.”
Everest Group’s PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products & solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix to gauge and calibrate their offerings against others in the industry or market. Leading organizations around the globe trust these comparative assessments because of their unbiased evaluation of factors such as vision, capabilities/functionality, talent availability, market success/impact, and cost.
Infosys offers comprehensive solutions in financial risk management, operational risk, regulatory reporting and financial anti-crime management. The risk and compliance programs help clients integrate end-to-end risk processes and provide an integrated risk view. They also enable clients to anticipate regulatory needs and proactively address them; define policies, processes and governance; and create actionable insights.
A complimentary custom copy of Everest Group’s PEAK Matrix® BFS Risk and Compliance IT Service Providers 2020 research report can be accessed here.