NEW JERSEY, LONDON and MUMBAI, March 10, 2016 /PRNewswire/ --
Hexaware Technologies, a leading global provider of IT, business process and consulting services, announced that analyst firm NelsonHall has identified Hexaware as a leader in their NEAT vendor evaluation for Wealth & Asset Management BPS (overall market segment).
Hexaware is focused on building higher end-to-end BPS services that go beyond the normal processing work done by companies in this space. This recognition shows that Hexaware is on the right path in building out the right offerings and focusing on automation and shrink IT solutions.
"Hexaware has built a Wealth and Asset Management BPS business by developing a staff with the domain experience and expertise to implement industry applications to reduce manual processing," said Andy Efstathiou, Banking Research Director, NelsonHall. "Hexaware delivers its post-trade and fund administration services for global custodians and wealth managers to help them adapt to changing market requirements."
"We have recently started building the BPS practice in this domain by leveraging on our domain strengths in IT services and consulting. NelsonHall's recognition is important for us and we look to embed cognitive automation into our solutions thus moving up from plain vanilla Robotic Process Automation," said Chinmoy Banerjee, Global Head, Business Process Services, Hexaware. "Hexaware is in the sweet spot of being 'just right', we understand the space but aren't saddled with the fear of cannibalization. We are using technology as a leveler and want to take the conversation away from how many FTEs to how much value we are able to bring in."
This is a validation of the value Hexaware is able to deliver to its clients through Wealth & Asset Management BPS services, including:
- Reduction in overall cost operations cost
- Improved data quality and regulatory compliance
- Optimized risk; focus on safeguarding client IP and data
- Access to latest technologies, including leading COTS platforms
- Transaction based pricing
This is possible by deploying emerging technologies like Robotic Process Automation through a Digital Managed Services engagement model that guarantees client benefits and minimizes execution risk.
About Hexaware Technologies
Hexaware is a leading global provider of IT, BPS and consulting services. The company focuses on key domains such as Banking, Financial Services, Capital Markets, Healthcare, Insurance, Travel, Transportation, Hospitality, Manufacturing and Consumer. http://www.hexaware.com
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SOURCE Hexaware Technologies