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Virtusa- Transforming Wealth and Asset Management Services
Vendor Analysis
published on Jun 17, 2019
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Report Overview:
This NelsonHall assessment analyzes Virtusa's offerings and capabilities in Transforming Wealth and Asset Management Services
Who is this Report for:
NelsonHall’s Transforming Wealth and Asset Management Services Vendor Assessment for Virtusa is a comprehensive assessment of Virtusa’s and Asset Management Services offerings and capabilities designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of capital market process outsourcing and identifying vendor suitability for Wealth and Asset Management 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 Wealth and Asset Management services offerings, capabilities, and market and financial strength, including:
- Identification of the company’s strategy, emphases 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:
Virtusa provides consulting, ITS, and application outsourcing services to large enterprises. It has been working with BFS clients for 25 years. In 2016, Virtusa acquired Polaris Consulting Services. Polaris was a services vendor focused on the banking industry. The acquisition of Polaris has allowed Virtusa to combine capabilities from across domains including:
- Industry segments: capital markets/risk management and consumer banking
- Services: Platforms, engineering, and hosting
Virtusa began working with Wealth and Asset (W&A) managers on application development and implementation programs of their wealth management and private banking platform for a large global bank.
Subsequent engagements in the W&A management industry led Virtusa to implement a full range solution including customer onboarding, relationship manager dashboards, trading, fund management, valuation, portfolio accounting, reporting, and training.