Category technology

CHENNAI, India, July 30, 2024 — LatentView Analytics, a global digital analytics consulting and solutions firm, today announced the ongoing success and momentum of its Global Innovation Hubs. This success is a testament to LatentView’s commitment to driving innovation and excellence in analytics, emphasizing a differentiated approach to developing and operating data-driven mid-sized innovation centers for large firms. The goal of the Global Innovation Hubs is to fill the gap between staff augmentation and a full-fledged Global Capability Center.

According to research from Forrester, organizations that invest in data and analytics saw a two to six-fold return in the first year. LatentView’s Global Innovation Hubs are set apart from typical global capability centers by offering companies relatively lower-cost direct support for their digital innovation initiatives, including technical and industry domain expertise needed to drive change. Beyond serving solely as a set-up consultant, LatentView fully staffs and operates its Global Innovation Hubs on behalf of its customers.

Since its inception, LatentView’s Global Innovation Hubs have provided customers with experienced analytics talent and capabilities rooted in a decades-long digital transformation practice. Latentview is addressing businesses’ most pressing challenges from a shortage of technical talent, implementation, and a desire to get a better return on analytics investment by setting up a remote shore center that helps leverage global talent pools and scale data and analytics initiatives to drive innovation.

There is a growing need for this mid-sized data-driven innovation model, with a capacity of 50-1000 employees, which is being increasingly discussed amongst business and digital leaders across industries and geographies.

“LatentView’s Global Innovation Hubs play a significant role in our growth roadmap and reinforce our commitment to serve as a strategic partner to our clients,” said Rajan Sethuraman, LatentView CEO. “For organizations ready to innovate with analytics but who struggle to find the talent to support rapid growth and transformation, LatentView’s combined technical knowledge and resource-rich support systems allow global business leaders to push initiatives forward and drive value from day one.”

While legacy global capability centers focus on infrastructure setup and navigating regional business regulations, LatentView’s model builds on that important step but operates with a more involved and ownership-driven model, directly addressing the needs of large companies looking for strategic, long-term analytics solutions. LatentView helps companies set up their analytics hub through a build-operate-transfer model, allowing the company to see meaningful innovation while streamlining costs.

“We’ve seen remarkable success stories emanate from our Global Innovation Hubs, each illustrating our capability to foster innovation that genuinely drives business transformation,” said Krishnan Venkata, Chief Client Officer at LatentView Analytics. “This success of our clients reaffirms our commitment to nurturing an ecosystem where innovation thrives.”

LatentView’s Global Innovation Hubs have positioned the company as a leader in industry-specific analytics transformation. One turnkey asset management company saw $37 million in cost savings and a 25 percent increase in revenue. By emphasizing collaboration between analytics and business teams, the hubs are breaking new ground in developing innovative solutions that directly align with organizational objectives.

 30th July 2024: Simple Energy, India’s leading electric vehicle and clean energy start-up, announced today that it has raised $20 million in its Series A funding round. This round included participation from the company’s current investors, such as high-net-worth individuals (HNIs) from notable family offices like the Haran family office, Dr. A Velumani’s family office, Vasavi family office, and the Desai Family office—promoter group of Apar Industries, among others.

The newly raised funds will be used to scale up the production of Simple Energy’s two key offerings, Simple One and Simple Dot One. Additionally, the funds will support the company’s entry into new markets, expand its presence across India, and facilitate new product development. In alignment with its aggressive growth plans, Simple Energy aims to achieve a top line of INR 150 crore this fiscal year.

Mr. Suhas Rajkumar, Founder & CEO of Simple Energy, said, “As the adoption of electric vehicles (EVs) accelerates significantly in India, we are committed to playing a pivotal role in this burgeoning ecosystem. The enthusiastic reception from our initial customer base in Bangalore has been truly remarkable, and we extend our heartfelt appreciation to all our investors for their trust in our brand. The capital raised will be tactically deployed to bolster our production capacity and expand our dealership network nationwide.”

Mr. Balamurugan Arumugam, Chief Growth Officer at Klarity, an HNI who participated in the round, said, “In the realm of sustainable transportation, Simple Energy shines as a beacon of innovation and progress. With a clear vision and a strategic roadmap mapped out for the next phase of growth, Simple Energy is primed to redefine the landscape of technologically advanced EV two-wheelers in India and beyond. As the brand gains momentum, it is poised to not only capture the local market but also emerge as a globally recognized leader in sustainable mobility, resonating with individuals worldwide who value innovation and environmental consciousness.”

Simple Energy, renowned for building India’s longest-range electric scooter, the Simple One, sets itself apart from competitors by manufacturing 95% of its scooter components in-house. Additionally, it is the only OEM in the country with a state-of-the-art motor manufacturing line within its 200,000 sq ft plant located in Shoolagiri, Tamil Nadu.

Simple Energy has two offerings in its portfolio—Simple One with 212 km of certified range and Simple Dot One with 151 km of certified range. Currently in a pilot phase in Bangalore, Simple Energy has begun deliveries in the city and is preparing to open dealership stores in Bangalore, Mysore, Chennai, Vijayawada, Goa, Vizag, Kochi, Mumbai, Pune, Ahmedabad, Surat, Delhi, and Hyderabad in the coming weeks.

Chennai, 30th July 2024: Vedanta Nico, India’s primary nickel producer, has signed a strategic Memorandum of Understanding (MoU) with AEsir Technologies, Inc., a US-based innovator in advanced battery technologies. Building on Hindustan Zinc’s existing collaboration, Vedanta Nico has now joined forces to develop and commercialize cutting-edge Nickel-Zinc (NiZn) batteries for critical infrastructure, 5G telecom, and electric vehicle chargers (EVC), positioning both companies at the forefront of the global shift towards sustainable energy.

Under the MoU, Vedanta Nico will be the preferred supplier of nickel, a critical component in AEsir Technologies’ next-generation batteries. Nickel-zinc batteries promise substantial advantages over current battery technologies, including higher energy density, power, enhanced cost efficiency, rapid charging, and superior performance, making them ideal for the rapidly growing energy storage and EV market.

Nickel plays a crucial role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan. Nickel-rich batteries, such as Nickel-Zinc variants, offer best-in-class fast charging, reduce reliance on cobalt, and improve the overall EV value proposition. The global demand for nickel in batteries is projected to surge from 150,000 tonnes in 2020 to 500,000 tonnes by 2025, driven by the expanding EV market adoption. The International Energy Agency (IEA) forecasts that the number of electric cars will rise from over 10 million in 2020 to 145 million by 2030, spurred by larger battery capacities, faster charging, and advancements in reducing cobalt use.

Hindustan Zinc, a Vedanta Group company and the world’s second-largest integrated zinc producer has also recently signed an MoU with AEsir Technologies for the supply of zinc for these new-age nickel zinc batteries. Hindustan Zinc’s expertise in producing metals for emerging clean-tech applications aligns perfectly with the objectives of this partnership. With one of the largest product portfolios of zinc in the world, Hindustan Zinc is exploring emerging applications of metal in the battery storage segment to support the global energy transition.

Prashuk Jain, COO – Vedanta Nico, highlighted the significance of the collaboration with AEsir Technologies, stating, “We are thrilled to partner with AEsir Technologies to create a game-changing battery solution for the critical infrastructure, 5G telecom, and EV market. Our expertise in nickel production, coupled with AEsir’s innovative zinc battery technology, positions us to deliver a product that meets the evolving needs of the industry. This collaboration aligns with our vision of contributing to a sustainable future through responsible mining and value-added products.”

This groundbreaking collaboration demonstrates Vedanta Nico’s crucial role in catering to the increasing demand for alternative energy solutions by being an active contributor of critical raw materials for the development of emerging clean technologies. As the world pivots towards a greener future, this partnership with AEsir Technologies portends far-reaching implications for innovative energy storage solutions that promise a safer, cleaner, and more sustainable tomorrow.

Adding his views, Randy Moore, CEO & Co-Founder – Aesir Technologies, said, “Energy storage is at the forefront of innovation in the energy transition. Nickel-zinc batteries represent a low-cost, sustainable, and safe alternative to lead-acid and lithium batteries in the markets we serve. Our collaboration with Vedanta Nico provides critical raw materials for the development of these next-gen batteries, supporting our commitment to sustainability.”

Today, AMD launched a new AMD Software: Adrenalin Edition technical preview, which introduces AMD Fluid Motion Frames 2, our cutting-edge frame generation technology designed to increase frame rates and gameplay smoothness across thousands of games. AFMF 2 is supported on AMD Radeon RX 6000 and 7000 series graphics cards and select AMD Ryzen Processors with Radeon Graphics and adds new optimizations and tunable settings for a better frame generation experience, including:

• AI-optimized Enhancements – AFMF 2 provides significant improvements to frame generation by using AI-optimization when developing the updated algorithm, resulting in improved frame generation smoothness. In addition, to enable more control over how AFMF works with your games, AFMF 2 introduces two new modes where the optimal settings are automatically enabled but advanced users can adjust them to their preferences.
• Performance Improvements – AFMF 2 features a new “Performance” mode that reduces the overhead of AFMF 2 to help make high frame rate gaming experiences more achievable on a wider range of devices. This is especially beneficial when using AFMF 2 with integrated graphics cards and is now the default “Auto” setting on supported AMD Ryzen Processors with Radeon Graphics.
• Lower Latency Frame Generation – experience significant improvements in reducing latency added by frame generation with the latest version of AFMF. These improvements apply across the board when using AFMF 2, no matter the settings mode, resolution, or hardware used.
• Other Updates and Improvements – AFMF 2 now supports borderless fullscreen mode when using AMD Radeon™ RX 7000 and Radeon 700M series graphic cards. Also, AFMF 2 now supports games that use Vulkan and OpenGL, further increasing the already vast number of games that can be used with AFMF. Additionally, we’ve enabled interoperability with AMD Radeon Chill.

Bangalore, 30^th July 2024: AI & Robotics companies accounted for 21% of Bengaluru’s absorption in Q2 2024, as per Vestian’s quarterly office market report, The Connect Q2 2024. Rapid global advancement of artificial intelligence, combined with a supportive ecosystem, has significantly driven the demand for office space in the city. Overall, IT-ITeS sector, including AI & Robotics, accounted for 69% of the city’s absorption in Q2 2024.

Bengaluru contributed the highest to pan-India absorption with 25% share in Q2 2024, followed by Hyderabad and Mumbai at 20% each. Pune reported the highest quarterly growth, around 307%, in value terms whereas absorption declined by 48% in Chennai during Q2 2024. NCR also witnessed a quarterly decline of 37% during the above-mentioned period. All the cities except Chennai and NCR reported an increase in absorption on quarter and on year.

Absorption:

Note: Data for Grade A Office Space

Source: Vestian Research

 IT-ITeS sector dominated absorption with 38% share in Q2 2024, followed by BFSI and Consulting Services at 12% and 10% respectively. Flex Spaces accounted for 8% of the total absorption during the current quarter.

H1 2024 witnessed absorption of over 30 Mn sq ft, registering an uptick of 18% compared to H1 2023. As the demand for grade-A office spaces is robust across the top seven cities of India, the entire year (2024) is expected to cross the 60 Mn sq ft mark again after peaking in 2023.

Absorption reached 17.04 Mn sq ft in Q2 2024, registering an increase of 27% over the previous quarter and 23% over the same quarter a year earlier. The surge could be attributed to improved global macroeconomic scenario and India’s robust growth amid global geopolitical challenges.

Following a similar trend, new completions also increased by 17% in H1 2024 over H1 2023, reaching 23.2 Mn sq ft. Additionally, Q2 2024 witnessed a quarterly increase of 15% and a yearly rise of 10% in new completions. All the cities except Pune and Bengaluru witnessed an uptick in construction activities during the current quarter compared to the previous quarter. Moreover, Mumbai reported 3.3 Mn sq ft of new completions during Q2 2024, registering the highest quarterly rise of 230%.

Bengaluru dominated new completions with 28% share, closely followed by Mumbai with 27%. Southern cities (Bengaluru, Chennai, and Hyderabad) accounted for 57% of the total new completions reported in Q2 2024, however, the share has dropped from 63% a quarter earlier.

New Completions:

Note: Data for Grade A Office Space

Source: Vestian Research

Shrinivas Rao, FRICS, CEO, Vestian said, “Despite global geopolitical challenges, India’s office markets reported robust real estate activities during Q2 2024. The quarter has already set the tone for robust  leasing and construction activities for the current calendar year.”

Mr. Rao further added, “Real estate activities are anticipated to increase further on the back of strengthened demand from IT-ITeS and BFSI sectors. Flex Spaces are also likely to play a pivotal role in the growth of office markets in India.”

MUMBAI, July 30, 2024 — Rashi Peripherals Limited (NSE: RPTECH; “RP Tech”), one of India’s premier national distribution partners for global technology brands, today announced its exclusive partnership with DataCore Software, a leading provider of award-winning data storage solutions with a global footprint across multiple industry verticals.

As businesses navigate the complexities of an evolving digital landscape, they face unprecedented demands in storing, protecting, and managing their data. RP Tech and DataCore are joining forces to deliver transformative solutions that enhance performance, improve IT efficiencies, and ensure zero downtime availability. This synergy empowers enterprises to optimize their data infrastructures, ensuring they stay resilient, agile, and competitive in an increasingly data-driven world.

Rajesh Goenka, CEO of Rashi Peripherals said, “Our exclusive partnership with DataCore is a significant step in expanding RP Tech’s software solution distribution capabilities. We see a burgeoning demand for advanced storage solutions, and this collaboration will enable us to offer a comprehensive suite of future-ready products to our customers. With our distribution prowess, we will provide DataCore with the widest reach for its solutions and services. We are committed to leveraging joint marketing and innovation efforts with DataCore to deliver exceptional value to our customers and channel partners.”

DataCore brings over 25 years of expertise in software-defined storage, having pioneered innovations that cater to a diverse range of infrastructures, industries, and geographies. Its history of advancements in storage technology has established DataCore as a trusted leader in enabling organizations to manage vast data environments efficiently, overcoming hardware supplier lock-ins and other infrastructure constraints. The company’s solutions support business continuity and disaster recovery for critical workloads, offer data protection for backups and enable archiving of fast-growing unstructured data, among other capabilities. DataCore remains at the forefront by incorporating modern technologies such as AI, containers, and advanced cybersecurity paradigms, further enhancing the value and versatility of its data storage offerings.

“Partnering with RP Tech enables us to tap into their extensive distribution network and extend our proven data storage solutions to a far wider audience across India,” said Amanda Bedborough, Chief Revenue Officer at DataCore. “This strategic alliance will address critical data challenges across core, edge, and cloud environments, enabling businesses to effectively manage and safeguard their data assets in a rapidly evolving IT landscape. Building on our R&D and customer engineering investments in Bangalore, we now aim to strengthen our partner channel and drive substantial growth together.”

As India undergoes a phenomenal economic transformation by rapidly embracing digital technologies, the IT sector is compelled to innovate and deploy cutting-edge solutions to manage the immense data surge and connectivity demands. This partnership between RP Tech and DataCore is well-positioned to capitalize on these market trends, offering sustainable data center frameworks and private cloud services to address the evolving needs of enterprises and mid-market businesses. Key areas of focus include verticals such as finance, healthcare, education, retail, manufacturing, telecom, media and entertainment, and government. To ensure the success of this initiative in India, RP Tech has developed a strategic roadmap for the next 1-3 years. This plan focuses on leveraging industry events, channel meetups, and promotional activities to amplify DataCore’s presence. Combining targeted marketing efforts with innovative channel programs, RP Tech aims to foster new opportunities and accelerate growth in the sector.

Disclaimer:

This press release by Rashi Peripherals Limited (the “Company”) is for informational purposes only and does not constitute an offer, recommendation, or invitation to purchase or subscribe to any securities. The information provided is based on data deemed reliable by the Company, but its accuracy, completeness, and fairness are not guaranteed. The Company disclaims any liability for errors or omissions. Certain forward-looking statements regarding market opportunities and business prospects are not guarantees of future performance and involve risks and uncertainties. Actual results may differ significantly. The Company is not obligated to update these statements and does not endorse third-party projections included herein.

Mumbai, July 29, 2024: eClerx Services Ltd (ECLERX.NS) eClerx announced today that its GenAI360 Platform has been named the Silver winner for AI Innovation at the 19th Annual 2024 Globee® Awards for Technology.

More than 1,700 nominations were received for the award. The Globee® Awards for Technology is a renowned program celebrating outstanding achievements and innovations across the tech industry.

The eClerx GenAI360 Platform focuses on content, virtual customer care, code automation, and insights across various business needs. By integrating advanced foundation models, GenAI360 delivers improved efficiency and creativity to users in multiple use cases.

“We are thrilled and honored to receive this recognition from the Globee® Awards,” said eClerx Global Head of Technology Sanjay Kukreja. “This Silver award is a testament to our commitment to delivering innovative solutions leveraging the latest in technology with a focus on empowering businesses to achieve greater efficiency, quality, and better insights. It reflects our dedication to continuous innovation and excellence in technology.”

Globee Awards President San Madan added, “Congratulations to all the exceptional winners of the 2024 Globee Awards for Technology. Your groundbreaking innovations and unwavering dedication have set a new standard of excellence in technologies everywhere. At Globee Awards, we proudly celebrate your remarkable achievements and look forward to witnessing the transformative impact you will continue to make in the world. Keep pushing the boundaries of what’s possible and inspiring us all.”

The award is the second of two awards the platform has won in 2024. In January, the eClerx GenAI360 Platform was selected as a winner of the BIG Innovation Awards 2024, an annual business accolade by the Business Intelligence Group.

For more information, visit https://eclerx.com/genai360-platform/

About eClerx

eClerx provides business process management, automation, and analytics services to a number of Fortune 2000 enterprises, including some of the world’s leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology companies. Incorporated in 2000, eClerx is today traded on both the Bombay and National Stock Exchanges of India. The firm employs more than 16,800+ people across Australia, Canada, France, Germany, India, Italy, Netherlands, Philippines, Singapore, Thailand, the UK, and the USA.

For more information visit www.eClerx.com.

New Delhi, July 29, 2024: MediaTek, the world’s leading fabless semiconductor company, powering over 2 billion connected devices a year, and JioThings Limited, subsidiary of Jio Platforms Limited and the only provider of end-to-end cutting-edge IoT solutions, today announced the launch of “Made in India” Smart Digital Cluster and Smart Module specially tailored for the 2-wheeler (2W) market. This collaboration brings together MediaTek’s advanced chipset technology and Jio Things’ innovative digital solutions to strengthen its presence in the 2-wheeler space and revolutionise the electric vehicle (EV) landscape.

Mr. Kiran Thomas, President and CEO, Jio Platforms Limited, commented on the partnership “Jio Things is pleased to collaborate with MediaTek to revolutionize the Mobility industry with our 4G Smart Android Digital Cluster, App Suite and Smart Module solutions. This collaboration firms up our commitment towards India-led global innovation and enhancing customer experiences in IoT technology, integrating MediaTek’s advanced chipset with our cutting-edge digital solutions to set new benchmarks offering seamless performance and unparalleled customer experience tailored for the future of mobility.”

This long-term strategic collaboration will deliver Android based smart digital cluster solution in India and the global market. The JioThings smart digital cluster is based on AvniOS, an AOSP based operating system that provides OEMs a unique and competitive edge supported by strong MediaTek chipset level performance and support for critical firmware/base OS release. Smart Digital Cluster & Operating System enables real-time data analytics, customizable interfaces, voice recognition for effortless control, and a comprehensive Cluster OS for seamless integration with Vehicle controllers, IoT-enabled charging infrastructure and Smart Battery Management System optimized for EVs. Through this offering, customers will now have access to “Jio Automotive App Suite” which includes services like Jio Voice Assistant, JioSaavn, JioPages, JioXploR and various other unique service bundles thus delivering a new age and holistic experience to the 2-wheeler users.

Smart Digital Clusters have become integral part of vehicle experiences and draws converges from stationary to mobility use-cases. The collaboration is aimed at providing seamless digital experiences to the 2-wheeler users on one end, at the same time reducing the time to market for OEMs significantly in building and integrating solutions. With MediaTek’s strong legacy in building cutting edge chipsets and Jio’s history in product innovation, this solution provides a turnkey offering to the market not just for India but also globally.

“Our collaboration with Jio Things on the 2-wheeler Smart Digital Cluster powered by MediaTek strengthens our commitment to innovation in both the IoT and automotive sectors. This cluster aligns with our vision for the future of 2-wheeler smart dashboards. By providing OEMs with a competitive edge in the fast-growing 2-wheeler EV market, this solution offers early access to MediaTek’s latest technologies and key software features at the OS level.” said Jerry Yu, Corporate Senior Vice President and General Manager of the Intelligent Devices Business Group, MediaTek.

“MediaTek’s collaboration with JioThings on the designed and manufactured in India Smart digital cluster and smart module for the 2-wheeler market is a testament to our commitment to innovation and excellence in India. This solution leverages MediaTek’s advanced chipset technology and JioThings’ visionary digital solutions to deliver next-generation smart clusters that meet the ever-changing needs of the global 2-wheeler market. Together, we are poised to transform the rider experience and drive the next wave of mobility innovation on a global scale.” said CK Wang, General Manager, IoT business unit, MediaTek.

With the Indian 2W EV market projected to reach 10,000 Crores by end of 2025 with more than 3 million vehicles on road and growing at a CAGR of 50% over next 5 years, this collaboration between Jio Things and MediaTek will cater to the rising demand of electronic vehicles in the automotive industry. It marks a significant milestone for both MediaTek and Jio Things, to build smart digital cluster and strengthening their presence in the 2-wheeler space in India.

TOKYO – July 29th, 2024 – NTT DATA a global digital business and IT services leader,  announced it has been named a Leader and a Star Performer by industry analyst firm Everest Group in its Sustainability Enablement Technology Services PEAK Matrix® Assessment 2024 report. Strengths highlighted in the report included NTT DATA’s comprehensive sustainability services, including ESG data management, net zero consulting, sustainable IT and supply chain sustainability. Known for its commitment to operational excellence and exceptional customer support, the report noted clients’ appreciation of NTT DATA’s technical expertise and overall project management capabilities, highlighting the team’s proactiveness and productivity during engagements. The report also cited NTT DATA’s ability to leverage its own sustainability initiatives and Japanese heritage as a strength.

Further strengths included NTT DATA’s efficiency in leveraging cutting-edge technologies to support its clients, integrating emerging technologies such as Generative AI, IoT and blockchain to build unique IPs for “momenttum.ai” and “IoTrace” as it continues to invest heavily in industry and geography specific R&D.

The report also chronicles several customer success stories including one project in which NTT DATA supported an automotive customer as it decarbonized its supply chain. By deploying a custom analytics solution for identifying the company’s Scope 3 emissions for outbound transport, NTT DATA was able to help the customer understand its overall CO2 footprint and more effectively address inefficiencies to reduce emissions.

“This report reflects our unwavering commitment to sustainable practices and our dedication to achieving net-zero emissions across our operations by 2030, and solutions and value chain by 2040 through green innovation,” said David Costa, Chief Sustainability business Officer, NTT DATA, Inc. “As a trusted global innovator, we are focused on helping our clients and partners reduce their carbon footprint, adopt greener practices, navigate complex compliance landscapes and meet their sustainability ambitions. Being included as a Leader and a Star Performer in Everest Group’s PEAK Matrix® report is truly a testament to the outstanding innovations being created by NTT DATA.”

Everest Group chose Leaders based on the overall vision, capabilities, and market impact of 24 sustainability enablement technology service providers and the report identified several of NTT DATA’s distinguishing features. Notably, the organization has exhibited increased sustainability-first engagements with mature end-to-end solutioning needs and has established a dedicated Green Innovation Office as it significantly increases its market presence and drives globally integrated decarbonization efforts, both internally and for its clients.

“Sustainability enablement technology services are crucial for enterprises aiming to reduce their environmental impact. By partnering with experts, enterprises can achieve strategic sustainability goals, driving innovation and maintaining a competitive advantage,” says Rita N. Soni, Principal Analyst, Everest Group. “NTT DATA has emerged as a frontrunner in the sustainability enablement technology services landscape, with a comprehensive suite of solutions including net zero consulting and sustainable IT. By integrating advanced technologies like IoT and blockchain and leveraging its Japanese heritage, NTT DATA offers enterprises robust capabilities that drive efficiency and innovation. It enhanced strategic branding efforts to further solidify its position in the market. As a result, it has been featured as a Leader and Star Performer in Everest Group’s Sustainability Enablement Technology Services PEAK Matrix® Assessment 2024.”

Greater Noida, India, July 29, 2024: Coforge Limited, a global digital services and solutions provider, has been named a Leader in the 2024 NelsonHall Vendor Evaluation & Assessment Tool (NEAT) vendor evaluation for Asset and Wealth management services in the ‘Overall’ segment and the ‘AI & Analytics Services’ Market segment.

The evaluation was conducted by NelsonHall, a leading global analyst firm specializing in digital business transformation. This NelsonHall Vendor Evaluation & Assessment Tool (NEAT) analyzes the performance of vendors offering Asset and Wealth management services. The firm assessed 13 vendors across various criteria including cloud migration, process automation, AI & analytics services, and professional services.

Coforge’s Asset and Wealth management services business delivers consulting, design, deployment, implementation, and managed services for W&A clients in the U.S., the U.K., Benelux, and Australia. 92% of Coforge’s Wealth and Asset services business comes from repeat clients; the average Coforge-client relationship spans 12 years. Coforge offers a large portfolio of market research and data management services and has extensive compliance experience. Its managed service offerings address evolving European regulations. The company’s data discovery and movement testing solutions add to its strength. Coforge offers clients a variety of engagement models that commit to outcomes to enable clients to reduce upfront investment in change and focus their internal efforts on running their business. The company grew its Asset and Wealth management revenues by 15% in 2023. NelsonHall estimates that Coforge’s W&A services revenues will grow 12% annually over the next three years.

“Coforge enables clients to transform their Asset and Wealth management operations with RPA, security, RegTech, AI, and Cloud migration services,” said Andy Efstathiou, Program Director for Banking at NelsonHall. “Its proprietary technology deployment tools also enable clients to leverage functionality faster to support their customers’ needs.”

“Coforge is honored to be recognized as a Leader by NelsonHall in the ‘Overall’ and ‘AI & Analytics segment’. This reflects our ability to deliver immediate benefits to our Asset and Wealth Management clients but also meet future client requirements with our AI & Analytics Services capabilities” said Gautam Samanta, President and Global Head, BFS, Coforge. Samanta added, “A key contributor to this recognition has been our partnerships with solution vendors and our significant IP portfolio which has helped us enhance business and operational effectiveness for our clients.”

Coforge has 3.5k FTEs working in W&A services, delivered from a network of centers in 12 countries, including in India, North America, Rest of APAC, and EMEA.