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Virtusa Corporation (NASDAQ GS: VRTU) announced that its Consumer Data Right (CDR) Solution was selected by IMB Bank to ensure compliance with ACCC regulations for open banking.
The solution utilizes elements from Virtusa’s Open Innovation Platform and WSO2 API Management, aiding IMB Bank in meeting its regulatory requirements by the October 1, 2020 deadline. IMB Bank chose Virtusa for its solution quality and experience, aiming to leverage open banking for competitive advantage.
Virtusa Corporation (NASDAQ GS: VRTU) has been named a Visionary in the Gartner Magic Quadrant for IT Services for Communications Service Providers. The report evaluated 13 vendors based on their vision and execution capabilities. Virtusa's position underscores its commitment to driving innovation in digital services and IT solutions for CSPs. The company aims to help these providers leverage emerging technologies like AI, ML, and IoT to enhance revenues and efficiency. The full report is available via Virtusa's dedicated link.
Virtusa Corporation (NASDAQ GS: VRTU) has completed a successful cloud migration for Oway, reducing operational expenses by 20%. The migration, carried out in under six weeks using Google Cloud’s Migrate for Compute Engine, was prompted by the impact of the COVID-19 pandemic on the travel industry. Oway, a leading Myanmar-based travel and ride-hailing startup, aimed to decrease costs swiftly and without disruption. Virtusa, recognized for its Google Cloud expertise, offers various solutions to facilitate cloud transitions for clients.
Virtusa Corporation (NASDAQ GS: VRTU) has launched Engineering IQ, a talent framework aimed at enhancing technical skills among its engineers to boost career growth and client value. This framework addresses the industry's skill gap using assessments and personalized learning plans covering various technologies like Java and Data Science. It allows team members to develop an Engineering IQ Score, facilitating targeted professional development. Earlier in 2020, Virtusa was recognized as a Certified Top Employer for excellence in people practices.
Virtusa Corporation (NASDAQ GS: VRTU) has launched new enterprise cost optimization services aimed at helping clients balance the need for cost reduction and market competitiveness. Amid adverse global market conditions, these services cater to various industries including Banking, Healthcare, and Manufacturing. The initiative enhances clients' operational efficiency through seven key capabilities, such as Smart Automation and Cloud Migration. Virtusa aims to enable clients to achieve maximum value from existing investments while supporting innovation.
Virtusa Corporation (NASDAQ GS: VRTU) has been recognized as a finalist for the Application Innovation 2020 Microsoft Partner of the Year Award. The company was honored for its excellence in creating customer solutions using Microsoft technology. Virtusa's Open Innovation Platform, which allows banks and fintechs to rapidly develop applications, has been a significant factor in this recognition. The awards were selected from over 3,300 nominations globally, emphasizing Virtusa's strong capabilities in digital strategy and IT solutions.
Virtusa Corporation (NASDAQ GS: VRTU) has achieved the Amazon Web Services (AWS) End User Computing (EUC) Competency, highlighting its expertise in managing end-user applications and devices on AWS. This designation is awarded to Premier and Advanced Consulting Partners who demonstrate an in-depth understanding of EUC technologies, which includes efficient remote working solutions. Virtusa's Desktop-as-a-Service (vDaaS) empowers organizations to enable remote work with enhanced data security, eliminating reliance on physical hardware and allowing access to work environments from any location.
Virtusa Corporation (NASDAQ: VRTU) has partnered with Modjoul to develop the Modjoul Health Platform, designed to help organizations safely return to work amid the COVID-19 pandemic. This cloud-based platform enables employee screening through mobile applications or wearable devices, ensuring proper health checks before entering workplaces. It also features contact tracing and social distancing monitoring to enhance safety in various work environments. The initiative aims to address rising concerns over COVID-19 cases and facilitate a safe work atmosphere for employees and employers alike.
Virtusa Corporation (NASDAQ GS: VRTU) has launched the vLife marketplace to enhance efficiency and reduce costs for Healthcare and Life Sciences organizations amidst the COVID-19 pandemic. This platform incorporates over 500 AI technologies aimed at processing critical workloads efficiently. With a projected 1 billion virtual care visits in 2020, the marketplace addresses various therapeutic areas, including diabetes and oncology. New capabilities such as computer vision and synthetic data generation tools are designed to support clinical trials and patient engagement, enabling safer and cost-effective operations.
Virtusa Corporation (NASDAQ GS: VRTU) has launched its Digital Transformation Studio (DTS), aimed at enhancing the delivery speed and reducing costs of digital transformation projects. The platform, developed from a multi-year research initiative, targets common pitfalls in digital transformations and promises a 30% productivity improvement. DTS comprises three components: Engineering Tools for automation, Reusable Industry Assets to streamline coding, and Certified Teams proficient in agile methodologies. The initiative emphasizes maximizing investment returns in digital transformation.
