Brillio Named a Major Contender in Everest Group’s Open Banking IT Services PEAK Matrix® Assessment 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.”

To download relevant excerpts of the Everest Group Open Banking IT Services PEAK Matrix® Assessment 2024, click here.

About Brillio

Brillio is one of the fastest growing digital technology service providers and the partner of choice for many Fortune 1000 companies seeking to turn disruption into a competitive advantage through innovative digital adoption. We help clients harness the transformative potential of the four superpowers of technology: cloud computing, Internet of Things (IoT), artificial intelligence (AI) and mobility. Born digital in 2014, we apply our expertise in customer experience solutions, data analytics and AI, digital infrastructure and security, and platform and product engineering to help clients quickly innovate for growth, create digital products, build service platforms, and drive smarter, data-driven performance. With 12 locations across the U.S., the UK, Romania, Canada, Mexico, and India, our growing global workforce of nearly 6,000 Brillians blends the latest technology and design thinking with digital fluency to solve complex business problems and drive competitive differentiation for our clients. Brillio has been certified by Great Place to Work since 2021. Learn more at www.Brillio.com.