22 August 2024

NTT DATA positioned as Leader in Everest Group's Open Banking IT Services PEAK Matrix® Assessment 2024

TOKYO – August 22, 2024 - NTT DATA, a digital business and IT services leader, today announces that it has been positioned as a Leader in Everest Group's Open Banking IT Services PEAK Matrix® Assessment 2024, for the second consecutive year. The PEAK Matrix® is an objective, data-driven framework for assessing the market impact, vision and capabilities of service providers.

The open banking landscape is evolving rapidly due to regulatory mandates, technological advancements, and ever-changing consumer expectations. In this dynamic environment, financial institutions must invest in new solutions to improve customer experiences, drive innovation and stay competitive. To capture these transformative market shifts, Everest Group has produced the Open Banking IT Services PEAK Matrix, evaluating an exclusive list of the world's leading IT service providers.

Along with NTT DATA, the IT service providers positioned as Leaders stood out from those categorized as Aspirants and Major Contenders based on several factors. These include their vast global reach, full spectrum of services and ability to deliver results for banks and financial services providers with cutting-edge and scalable open banking platforms that integrate AI and real-time data processing.

NTT DATA scored highly on:

• Client Satisfaction:
  • Strong domain expertise and account management capabilities.
  • Flexibility and adaptability and its agile responses that integrate both technical and functional knowledge.
  • Focus on delivery and excellence in developing robust frameworks.
• Generative AI:
  • Leveraging generative AI to focus on crafting hyper-personalized banking experiences is evident in solutions like synthetic data generation.
• Domain Expertise and Innovation:

• Setting up centers of excellence for open banking, reinforcing domain expertise.
• Ensuring the delivery of pioneering innovations across various banking sectors.

"NTT DATA has established centers of excellence that reinforce its domain expertise and ensure the delivery of cutting-edge innovations in open banking," said Pranati Dave, Practice Director at Everest Group. "By leveraging generative AI to craft hyper-personalized banking experiences and collaborating with leading FinTechs and prominent technology players such as Personetics for enhanced data analysis and personalized financial advice, NTT DATA has demonstrated a strong commitment to tailored service delivery. Strong client recognition for its flexibility and adaptability in engagements, coupled with an agile response integrating technical and functional knowledge, have helped NTT DATA earn a Leader recognition on Everest Group’s Open Banking IT Services PEAK Matrix® Assessment 2024."

“To be successful in this new age of financial services and exceed customer expectations, banks, FinTechs and other financial institutions need to not only adapt to new regulations but modernize their core systems and digitize back-office operations, both in their day-to-day work and when creating new products and services,” said Robb Rasmussen, Head of Global Marketing & Communications Headquarters of NTT DATA. “Being named a Leader in Everest Group’s latest Open Banking IT Services PEAK Matrix® report shows that we’re a trusted partner for banking transformation projects and is demonstrative of our scale, expertise, global capabilities and our continued commitment to delivering quality results for some of the world’s biggest financial institutions and most innovative disruptors. Leveraging generative AI, combined with our expertise, is a key factor in accelerating our customers’ transformation. It plays a crucial role in driving our technological innovation and addressing clients’ underlying challenges.”

The Everest Group Open Banking IT Services PEAK Matrix® Assessment 2024 assessed 31 open banking 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 2024, interactions with leading technology and IT service providers, client reference checks, and an ongoing analysis of the open banking IT services market.

About NTT DATA

NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize and transform for long-term success. As a Global Top Employer, we have diverse experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group, which invests over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future.

Visit us at nttdata.com.

Contact

Global Marketing & Communications Headquarters

NTT DATA Group Corporation

global-marketing@kits.nttdata.co.jp