SoftServe Named a Major Contender in Everest Group’s Lending It Services Peak Matrix® Assessment 2024

AUSTIN, Texas (Feb. 14, 2024) – SoftServe, a premier IT consulting and digital services provider, today announced it received a Major Contender rating in Everest Group’s Lending IT Services PEAK Matrix® Assessment 2024.

SoftServe was deemed a Major Contender with support of its strong market presence, digital transformation services and offerings, proprietary tools, and client recognition of adaptability and engineering talent, as well as the influence these strengths have on the growing lending IT services market.

“The report recognizes our capabilities to enable cost efficiencies, improved underwritings, tailored strategies, and diversified offerings that result in better customer experiences across consumer, commercial, and mortgage lending IT services,” said Rishi Chohan, EVP, Head of BFSI and Retail North America, at SoftServe. “A Major Contender rating attests to SoftServe’s value delivered today and its potential to meet market demand for hyper-personalization and digital-first services tomorrow.”

Through measuring market impact and vision & capability, the assessment analyzes IT services provided to the BFS (banking and financial services) sector to offer insights into key trends and the provider landscape for enterprise sourcing considerations.

“SoftServe's strong market presence, particularly in consumer and commercial lending, combined with its focus on digital transformation leveraging AI/ML, sets a robust foundation in the BFS space," said Kriti Seth, Practice Director at Everest Group. “Their robust portfolio of targeted IPs and accelerators such as intelligent document processing and digital assistant tools, highlight their commitment to innovative solutions. This, coupled with the strong recognition by clients for adaptability, technical proficiency of their development team, and wide partnership ecosystem, helped them earn a Major Contender recognition on Everest Group’s Lending IT Services PEAK Matrix Assessment 2023.”

SoftServe’s lending products analyzed focus on improving effectiveness and efficiencies by leveraging data personalization and analytics to improve infrastructure services across business lines and processes, increasing observability, cost management, and overall scalability.

The Everest Group’s research is a compilation of detailed profiles on 28 service providers, assessing parameters such as service focus, key solutions, domain investments, practice growth, partnerships, client feedback, and case studies.

Find more details in an extract of Everest Group’s Lending IT Services PEAK Matrix® Assessment 2024 here. To learn more about SoftServe’s financial services expertise and offerings, visit this webpage.