Bengaluru, India – August 25, 2020
Infosys (NYSE: INFY), the global leader in next-generation digital services and consulting, today announced that is has been positioned as a Leader in Everest Group’s PEAK Matrix® for BFS Risk and Compliance IT Service Providers Assessment 2020. Infosys was recognized 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:
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.
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
For further information, please contact: PR_Global@infosys.com