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Happiest Minds - Transforming Financial Services with Cloud, SaaS, and BPaaS Services

Vendor Analysis

by Andy Efstathiou

published on Jan 05, 2023

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Report Overview:

This NelsonHall vendor assessment analyzes Happiest Minds' offerings and capabilities in Cloud, SaaS, and BPaaS services for the banking and financial services sector

Who is this Report for:

NelsonHall’s ‘Transforming Financial Services with Cloud, SaaS, and BPaaS Services’ profile on Happiest Minds is a comprehensive assessment of Happiest Minds’ offerings and capabilities for the BFS sector, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of Cloud, SaaS, and BPaaS processes and identifying vendor suitability for Cloud, SaaS, and BPaaS services RFPs
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the support services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Happiest Minds’ BFS-focused Cloud, SaaS, and BPaaS service offerings and capabilities, and market and financial strength, including:

  • Identification of the company’s strategy, emphasis, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization including the location of delivery locations.

Key Findings & Highlights:

Happiest Minds started its cloud services work ten years ago when it rewrote the core banking platform for a European global bank. The engagement changed the core platform into a modular, cloud-native platform. At the same time, Happiest Minds began curating a FinTech ecosystem of solution vendors. The initial goal was to build a suite of lending tools and applications. It has focused its go-to-market strategy on industries. In BFS it has focused its efforts on regional and local banks and industry services providers. 

Its focus in BFS is delivering clients offerings for:

  • Data management (after its 2021 acquisition of Pimcore Global Services, a data management solutions vendor)
  • Customer onboarding (in partnership with Salesforce)
  • Lending and leasing
  • Cybersecurity services.

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