VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services Ltd., a worldwide provider of information technology (IT) consulting and outsourcing services, announced that the company has been recognized by analyst firm HfS Research in its Blueprint Report for its emerging blockchain services in Banking, Financial Services and Insurance (BFSI).
VirtusaPolaris has developed leading blockchain abilities in its financial services practice, focusing within its FinTech Lab on developing solutions such as over-the-counter (OTC) derivatives, remittances, cash management, payments sandbox, and blockchain sandbox.
“As the technology and capabilities of blockchain continue to develop, banking, financial services and insurance organizations must fully commit to innovation and digital transformation to keep up with this growing market segment,” said President, Banking and Financial Services, VirtusaPolaris, Samir Dhir.
“This recognition is evidence of our continued dedication to providing our clients with the technologies they need to be at the forefront of innovation and increase productivity by utilizing blockchain’s distributed database,” he said.
Research Vice President, Strategy and Product Development, Christine Ferrusi Ross said, “VirtusaPolaris is moving forward in its exploration of blockchain on both the innovation and the execution aspects. The firm’s Fintech-focused blockchain solutions look at specific client pain points like OTC derivatives and cash management, among others.”