Gartner ranks Infosys as fastest-growing financial services technology provider in the US

Mumbai: Information technology bellwether Infosys Technologies Limited is the fastest growing technology and service provider (TSP) in the US financial service market, leading research and analyst firm Gartner Inc said in its report titled 'Competition Intensifies Between Fast-Growing and Large IT Providers for Financial Service Engagements.'

The Gartner study, by analyst Susan Cournoyer and pulished on July 27, confirms that Infosys has grown to become one of the top three fastest growing providers of systems integration services to the US financial services market.

"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," said Ashok Vemuri, senior vice president and head of Infosys' Banking & Capital Markets business unit.

"With regulations increasing and technologies breaking down communication barriers, companies need to transform themselves to compete effectively. For over 25 years we have serviced the financial services industry and over this period, we have 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," he added.

Using its Global Delivery Model (GDM) for implementation of its many relationships within the financial services market, Infosys is 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 has expanded its offerings from back-office related work to infrastructure, front-office and mid-office work for the financial services industry.