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Virtusa's Smart ATM Solution Recognized at The 2017 International Business Awards
[December 05, 2017]

Virtusa's Smart ATM Solution Recognized at The 2017 International Business Awards


Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced today it has been awarded a Bronze Stevie Award at The 2017 International Business Awards for Best New FinTech Product or Service of the Year for the company's Smart ATM solution, a unique thin client application. Virtusa's Smart ATM solution helps clients jumpstart their ATM platform initiatives while substantially reducing implementation time.

"The continuing evolution of digital banking has caused banks to examine the traditional ATM as an alternative channel for sales and marketing. Banks have realized they can drive cross-selling and more personalized services through ATMs, which continue to remain a top interaction point for most customers," said Bob Graham, global solutions head, Banking and Financial Services, Virtusa. "Banks have the opportunity to leverage browser-based ATMs to offer select similar services and capabilities that exist in their online or mobile channels. This leads to a more seamless, consistent, and personalized customer experience across multiple interaction channels. Our Smart ATM solution is designed to help banks meet these requirements and we are proud to receive this recognition in acknowledgement of this."

Virtusa's Smart ATM is built using lightweight, open-source technologies to provide a browser-based solution for ATM services. Its architecture is tailored to support a bank's micro-services API, enable an omni-channel ATM experience, and offer personalized financial products and services by utilizing an aggregate customer satisfaction index based on customer mood, demography, preferences, and profile.

Having operated a client-first banking practice for more than 25 years, Virtusa has delivered a variety of successful solutions to several global banks, top brokerage firms, and card and payment providers. As retail banks increasingly adopt digital banking approaches to support multiple delivery channels across different banking activities, Virtusa is helping banks rationalize their technology to reduce costs and adapt to evolving business requirements. Utilizing its collaborative and consultative approach, all-encompassing smart technology (Fintech/X-Tech) labs with unique sandbox environments, and a nimble team of experts, Virtusa enables clients to choose the right set of technologies to address their business challenges and capitlize on market opportunities.

The International Business Awards are the world's premier business awards program. The 2017 IBAs received a record total of more than 3,900 nominations from organizations for consideration across a wide range of categories. Stevie Award winners were determined by the average scores of more than 200 executives worldwide who participated on 12 juries.

"The IBA judges from across the world were highly impressed with the nominations they reviewed this year. With the level of achievement documented in the nominations from 60 nations, the Stevie Awards are proud to honor organizations that demonstrate a high level of achievement in a variety of industries," said Michael Gallagher, president and founder of the Stevie Awards. "We look forward to sharing many of these stories with people around the world over the coming months through the Stevie Awards blog and social media channels with the hope to inspire others to high achievement."


This year's awards were presented during the 14th Annual international Business Awards gala event on Saturday, October 21, 2017 at the W Hotel in Barcelona, Spain. For the complete list of award winners, visit: http://stevieawards.com/iba/2017-stevie-award-winners

About the Stevie Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.

About Virtusa
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, and media & entertainment.

Virtusa helps CXOs' address the dual challenge of growing revenues while improving IT cost efficiencies. Virtusa's digital transformation & innovation (DTi) solutions enable clients to reimagine the customer experience, accelerate revenue growth and creating lasting business value. The company's operational excellence (OE) solutions help clients reduce risk, improve operational efficiencies, and lower IT costs.

Virtusa delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing, and maintenance, including infrastructure support. With a strong heritage in software engineering, Virtusa is highly qualified to both develop and maintain software, using a proven platforming methodology and advanced Agile (News - Alert) and Accelerated Solution Design techniques to reliably deliver results on time and within budget.

Holding a proven record of success across industries, Virtusa readily understands its clients' business challenges and uses its domain expertise to deliver distinctive, differentiated and innovative applications of technology to address its client critical business challenges. Examples include building the world's largest P&C claims modernization program; one of the largest corporate customer portals for a premier global bank; an order to cash implementation for a multinational telecommunications provider; and digital transformation initiatives for media and banking companies.

Through the acquisition of a majority interest in Polaris Consulting Services Ltd. in March 2016, Virtusa has created a robust platform to provide end-to-end solutions and services in banking and financial services, strengthening its positioning as a top, global FinTech services provider. Virtusa Corporation is headquartered in Massachusetts and has 50 offices across North America, Europe and Asia.

Polaris Consulting & Services is a subsidiary of Virtusa Corporation. Copyright © 2017 Virtusa Corporation. All Rights Reserved.


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