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Happiest Minds - Transforming Core Banking Services
Vendor Analysis
published on Sep 16, 2024
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Report Overview:
This NelsonHall vendor assessment analyzes Happiest Minds' offerings and capabilities in core banking services
Who is this Report for:
NelsonHall’s ‘Transforming Core Banking Services’ profile on Happiest Minds is a comprehensive assessment of Happiest Minds’ offerings and capabilities for the core banking sector, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of technology and operational services and identifying vendor suitability for core banking services in 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 core banking service offerings and capabilities and market and financial strength, including:
- Identification of the company’s strategy, offerings, 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 Happiest Minds service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
Happiest Minds was founded in 2011 to deliver IT services that enable businesses to become digital businesses. Its first service engagement for a bank was to rewrite the legacy core banking applications into modular digital applications usable in the cloud. The engagement began in 2012 with a global bank headquartered in Europe. In 2021, Happiest Minds acquired Pimcore Global Services to expand its digital e-commerce and data management solutions capabilities.
In May 2024, Happiest Minds acquired PureSoftware Technologies Private Limited for USD 95m. The company provides solutions and services to the BFSI, healthcare and life sciences, retail and logistics, and gaming and entertainment industries. Its core banking solution, Arttha, provides a banking-as-a-Service offering.