NTT DATA Positioned as a Leader in Everest Group's Payments IT Services PEAK Matrix® Assessment
September 14, 2023
NTT DATA Group Corporation
TOKYO – September 14, 2023 –, a global digital business and IT services leader, has been positioned as a Leader in . The PEAK Matrix is an objective, data-driven framework for identifying the relative market success and capabilities of service providers.
Increasing consumer demand for seamless transactions and real-time payments has caused a seismic shift across the global payment ecosystem. To respond to consumer demand, banks and financial services providers have had to lean on the expertise of technology leaders to create new, innovative solutions. To address this market trend, Everest Group produced the first Payments IT Services PEAK Matrix, evaluating an exclusive list of the world's leading IT service providers.
Along with NTT DATA, the 10 IT service providers who were positioned as Leaders distinguished themselves from those categorised as Aspirants and Major Contenders by creating tangible business value for their clients, supporting those clients with end-to-end modernisation, and implementing cost-takeout initiatives.
Commended for its focus on sustainability in payments and solutions to reduce carbon footprint, NTT DATA scored particularly highly on:
Innovation and investments (NTT DATA was the only provider to receive full marks for this area):
- With the strategic acquisition, NTT DATA has expanded its footprint, and is bringing new technologies within its portfolio.
- Its investments in talent have resonated positively with the analysts highlighting talent management capabilities and engagement flexibilities as key differentiators.
- The company has extensively partnered with Payment Technology Providers, technology providers and FinTechs to enhance and bolster its real-time payments, cloud payments, card data management, and payments fraud management capabilities.
Vision and strategy:
- The merger of NTT DATA and NTT Ltd. has helped boost its systems integration, application development, and managed services capabilities strengthening the business, increasing its delivery footprint, and enabling it to support and deliver greater value to clients.
Building on the momentum of this achievement, NTT DATA's vision for the future of its global payments practice is to consolidate its position as both a technology and business partner to its clients. Establishing new global partnerships will also be on the radar for NTT DATA as it consolidates its presence as a truly international payments leader.
"Targeted acquisitions and investments in partnerships have helped NTT DATA gain momentum in the payments IT services space. A lot of these have been in areas such as real-time payments, cloud-based payments, card data management, and payments fraud," said Aaditya Jain, Vice President at Everest Group. "Client appreciation on talent management, engagement flexibility, and capabilities around modernization of payments architecture have helped NTT DATA earn recognition as a Leader in Everest Group's Payments IT Services PEAK Matrix® Assessment 2023."
Kaz Nishihata, Director and Senior Executive Vice President at NTT DATA Group Corporation , commented: "A key component of our success in this report was the global approach we have taken across all levels of NTT DATA. Leveraging our deeply-entrenched expertise in technology and innovation, we always aim to carry our clients through the entire digital transformation journey. Being recognized as a Leader in the Everest PEAK Matrix is an encouraging sign. We will build on this momentum and continue to deliver high-quality results to all of our valued clients."
The Everest Group Payments IT Services PEAK Matrix® Assessment 2023 assessed 30 payments IT service providers for their market impact as well as their vision and capability. The assessment is based on Everest Group's annual RFI process for the calendar year 2023, interactions with leading IT service providers, client reference checks, and ongoing analysis of the payments IT services market.
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.
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NTT DATA Group Corporation
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