Bengaluru, India – April 28, 2022
Infosys (NSE, BSE, NYSE: INFY) has been positioned as a Leader and Star Performer in the PEAK Matrix® report for Platform IT Services in 2022 for Banking and Financial Services (BFS), by Everest Group, a leading global research firm. Infosys was recognized for its ability to offer financial solutions, core digital capabilities, domain expertise, deep product understanding and deliver design-led experiences through BFS platform offerings powered by Infosys Cobalt and Infosys Finacle.
For the report, Everest Group assessed 18 leading service providers through a multi-phased research and analysis process for their vision and capabilities in the platform IT services in BFS sector. The evaluation brought to fore Infosys’ mature set of tools and accelerators backed by upskilling initiatives to maintain quality and consistency of service offerings in cloud-native engagements.
Some of Infosys’ key strengths recognized in the report are:
“Infosys’ multi-layered strategy involving continuous development of home-grown platforms offerings, focus on Banking and Financial Services (BFS) third-party platforms partnerships through its product technology services unit, and innovation with clients leveraging its FinTech partnerships has helped it observe significant growth in its BFS platforms business. Infosys’ strategic acquisitions to expand the cross-industry platform services capabilities, investments to strengthen the Infosys Innovation Network (IIN), and platform-based operating model approach towards transformation projects have made it a Leader on Everest Group’s Platform IT Services in BFS PEAK Matrix® Assessment 2022,” said, Ronak Doshi, Partner, Everest Group.
Mohit Joshi, President, Infosys, said, “Everest Group’s PEAK Matrix® endorses our deep domain knowledge backed by the Infosys Cobalt portfolio of cloud services to contextualize cloud-native solutions catered and designed with custom range for our clients’ businesses across BFS sector. With Cobalt in our inventory, we outline cloud native as an approach to design, build, and run applications based on loosely coupled architecture to bring the best of cloud computing into the finance industry. This recognition stands testimony to the evolution of our partnership with dedicated innovation labs and joint teams to collaborate and contribute to client engagements and active participation in business ecosystems through digital transformation and modernization initiatives that will continue to foster client confidence.”
The full report of Everest Group PEAK Matrix® for Platform IT Services in Banking and Financial Service Provider 2022 can be accessed here: https://www.infosys.com/industries/financial-services/analyst-reports/platform-it-services-banking-financial-service-2022.html
Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 50 countries to navigate their digital transformation. With over 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 (NSE, BSE, 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, 2021. 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 more information, please contact: PR_Global@infosys.com