Infosys ranked fastest growing TSP in US

Bangalore, Aug 28: Infosys Technologies Limited, a world leader in consulting and information technology services, today announced that it was ranked as the fastest growing technology and service provider (TSP) to the US financial service market by Gartner, a leading research and analyst firm.

The report titled ''Competition Intensifies Between Fast-Growing and Large IT Providers for Financial Service Engagements,'' confirmed that Infosys had grown to become one of the top three fastest growing providers of systems integration services to the US financial services market, an Infosys release here said.

''At Infosys, we believe that the financial services industry is experiencing a continuously flattening world, with companies therefore having to make substantial changes to their business to succeed and stay ahead of the market,'' the release said, quoting Mr Ashok Vemuri, Company senior Vice President and Banking and Capital Markets business unit head.

With regulations increasing and technologies breaking down communication barriers, companies need to transform themselves to compete effectively, he said, adding ''for over 25 years we have serviced the financial services industry and deepened our strategic focus on this sector by continuously enhancing our portfolio of solutions and services so our clients can navigate these changes and be leaders in the industry.'' Using its Global Delivery Model (GDM) for implementation of its many relationships within the financial services market, Infosys was now the fastest growing TSP to the industry. Having transitioned its services' core strategy from a general-IT focus to a solutions portfolio provider, Infosys had expanded its offerings from back-office related work to infrastructure, front-office and mid-office work for the financial services industry.

Globally, Financial Services was Infosys' largest vertical.

Clients include several of the top commercial and investment banks, securities firms and credit card issuers in the US, Europe and Australia. Companies in the financial services industry leverage Infosys' expertise in visioning, architecting and delivering business and technology solutions to help them increase their operational efficiency, enable more effective customer management and lower their operational risk profiles, the release added.

UNI