Coforge Recognised as a Leader in Asset and Wealth Management by NelsonHall NEAT

On July 29, 2024, Coforge Limited informed the stock exchanges that it has been recognised as a Leader in the 2024 NelsonHall Vendor Evaluation & Assessment Tool (NEAT) for Asset and Wealth Management services. The company secured top positions in both the ‘Overall’ and ‘AI & Analytics Services’ categories.

NelsonHall, a prominent global analyst firm specialising in digital business transformation, conducted the evaluation. This assessment reviewed 13 vendors based on criteria such as cloud migration, process automation, AI & analytics services, and professional services.

The company stated that Coforge’s Asset and Wealth Management services encompass consulting, design, deployment, implementation, and managed services across the U.S., U.K., Benelux, and Australia. Notably, 92% of Coforge’s business in this sector comes from repeat clients, with the average client relationship lasting 12 years.

The company offers a broad range of market research and data management services and has significant experience with compliance, particularly concerning evolving European regulations. Coforge’s data discovery and movement testing solutions further enhance its offerings. The company provides various engagement models that focus on outcomes, reducing clients’ upfront investment in change while allowing them to concentrate on their core business operations.

Coforge’s Asset and Wealth Management revenues grew by 15% in 2023, and NelsonHall forecasts a 12% annual growth in these revenues over the next three years.

Commenting on this recognition, Andy Efstathiou, Program Director for Banking at NelsonHall, said, “Coforge enables clients to transform their Asset and Wealth management operations with RPA, security, RegTech, AI, and Cloud migration services. Its proprietary technology deployment tools also enable clients to leverage functionality faster to support their customers’ needs.”

“Coforge is honoured to be recognised as a Leader by NelsonHall in the ‘Overall’ and ‘AI & Analytics segment’. This reflects our ability to deliver immediate benefits to our Asset and Wealth Management clients but also meet future client requirements with our AI & Analytics Services capabilities,” said Gautam Samanta, President and Global Head, BFS, Coforge.

Samanta further added, “A key contributor to this recognition has been our partnerships with solution vendors and our significant IP portfolio, which has helped us enhance the business and operational effectiveness of our clients.”

On July 29, 2024, the share price of Coforge Ltd opened at ₹6,370.00, touching the day’s low at ₹6,301.00, as of 10:19 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.