NTT DATA Named a Leader in Everest Group's Banking & Financial Services Risk & Compliance PEAK Matrix® Assessment 2023 Report
Company Recognized for Delivering Value and Establishing Vision & Capability Across Balanced Portfolio
March 22, 2023
NTT DATA Corporation
TOKYO – March 22, 2023 – NTT DATA, a digital business and IT services leader, today announced Everest Group once again has named the company as a Leader in its Risk & Compliance in BFS IT Services PEAK Matrix® Assessment 2023 report. NTT DATA retained its position in the top segment of Everest Group's banking and financial services report, earning recognition for its balanced portfolio for risk and compliance in BFS.
Everest Group chose Leaders based on their proven track records of delivering end-to-end solutions across the risk and compliance value chain and for establishing a long-term vision for managing risk and compliance themes such as climate risk, sustainability, and cybersecurity. The analyst group highlighted NTT DATA's offerings in consulting, implementation, operations, and application services. It also rated NTT DATA well above average in the banking and financial services report's assessments for value delivered, vision & strategy, innovation and investments, scope of services offered and overall vision and capability.
"We are honored to be recognized by Everest Group as a global leader in risk and compliance for banking and financial services," said Kaz Nishihata, Senior Executive Vice President & Representative Director at NTT DATA Corporation. "We believe this designation shows that our industry-leading technology solutions and services help BFS clients identify, prevent, and mitigate risks across their business, technology, and security infrastructures."
In the report, Everest Group noted NTT DATA's investments in risk and compliance trainings, certifications, and upskilling employees. It also highlighted NTT DATA's digital compliance offering; its industry partnerships focusing on blockchain, data analytics, and ESG (environmental, social and governance); and its focus on delivering a suite of tools for sustainability in BFS.
"Banking and financial services (BFS) enterprises are looking to transform their IT and technology systems in response to emerging risks and increasing regulatory pressures," said Kriti Gupta, Practice Director, Everest Group. "This has come in response to increased cyber-attacks, supply-chain disruptions, macro-economic changes, and new customer engagement models. The BFS risk and compliance IT services market is poised to remain strong as firms try to gain tighter and securer control of their data estate, build agile risk assessment models, and comply with ESG mandates.
"NTT DATA has differentiated itself from peers through a comprehensive partnership ecosystem with leading platforms, CoEs for KYC processing, testing, AI-based AML services, complemented by a strong ESG focus," Gupta added. "Clients have appreciated their goal orientation, accessibility to a highly skilled talent pool, and functioning as a strategic partner. A balanced portfolio of IT services for the BFS risk & compliance market has helped them accelerate their growth and consolidate their position as a Leader on Everest Group's Risk & Compliance in BFS IT Services PEAK Matrix® Assessment 2022."
The Enterprise Risk & Compliance in BFS IT Services PEAK Matrix® Assessment 2023 evaluated 26 leading vendors. It is based on Everest Group's annual RFI process, which includes interactions with leading IT service providers, client reference checks, and an in-depth analysis of the BFS risk & compliance market.
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About NTT DATA
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, IT modernization and managed services. NTT DATA enables clients, as well as society, to move confidently into the digital future. We are committed to our clients' long-term success and combine global reach with local client attention to serve them in over 50 countries. Visit us at nttdata.com.
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