BENGALURU, INDIA ─ September 12, 2024 ─ Brillio, a leading digital transformation services and solutions provider, today announced that it has been named a Major Contender in Everest Group’s Open Banking IT Services PEAK Matrix® Assessment 2024.
Everest Group positioned Brillio as a Major Contender in terms of market impact, and vision and capability. Brillio’s strengths highlighted in the report include:
- Proprietary AI frameworks and advanced analytics tools to enhance decision-making processes and customer personalization through predictive analytics and real-time data insights.
- Product engineering capabilities with proprietary frameworks and accelerators that deliver innovative and scalable open banking solutions such as a modular API architecture and microservices-based platforms.
- Deep domain expertise in the open banking sector, coupled with strategic partnerships with core platform providers, strengthening the company’s capabilities to deliver comprehensive open banking solutions.
- High-grade security standards, including FAPI and CIBA, ensuring robust data protection and compliance with stringent regulatory requirements through zero-trust security architecture and advanced encryption methods.
- Seamless integration through the company’s API marketplace and consent management solutions, utilizing frameworks such as Apigee and Mulesoft for efficient API lifecycle management.
“We are honored to be recognized as a Major Contender in Everest Group’s Open Banking IT Services PEAK Matrix® Assessment 2024,” said Sudhir Nambiar, Managing Director and North America BFSI Leader at Brillio. “The future of open banking lies in harnessing AI, data, and cloud technologies to create seamless, personalized financial ecosystems that empower customers and redefine the possibilities of digital finance. Financial services providers and FinTechs are increasingly turning to us as a trusted partner for enhancing data security and compliance, navigating complex regulations, and driving innovation while balancing integration and interoperability across diverse financial ecosystems. With innovative, secure, and scalable AI-led solutions, we are proud to be empowering them to unlock new revenue streams, boost their market-readiness, and enhance customer experiences.”
“Deep domain expertise, along with leverage of data and AI-led proprietary frameworks and accelerators in delivering open banking solutions, have helped Brillio build their mark in the Open Banking IT services space in the North America region,” said Pranati Dave, Practice Director, Everest Group. “Strong delivery capabilities through strategic partnerships with core platform providers, coupled with API marketplace and consent management solutions, have helped Brillio earn a Major Contender recognition on Everest Group’s Open Banking IT Services PEAK Matrix® Assessment 2024.”
As part of the assessment, Everest Group evaluated 31 leading open banking IT services providers across the globe. According to the report, Major Contenders are “enhancing their offerings to include comprehensive open banking services, leveraging accelerators and frameworks for faster deployment.” It added, “Providers such as Brillio have developed in-house tools and frameworks, such as its open banking playbook, which include solutions such as API management, sandbox environments, and consent management modules.”