Senthil has been widely covered in the media through articles, media interviews and press releases. Here are a few of the recent ones.
“The Virtusa xLabs’ Trend Almanac exposes the new business imperatives that business and technology leaders need to invest in to remain competitive,” said Senthil Ravindran, EVP and global head of cloud transformation and digital innovation, Virtusa. “Digital transformation demands a new way of thinking and getting a jump start on the trends that will impact customers tomorrow. This Trend Almanac will be a key resource in helping businesses do just that.”
OIP is an integrated development environment that enables banks, fintech, regtechs, and insurtechs to ideate, build, and publish applications collaboratively using open banking technology. Every element of the platform is supported by synthetic data that includes 10 million customer records and 40 million transactions to replicate a bank’s environment. Clients using the platform can quickly evaluate and check for regulatory compliance. Utilizing a strong catalogue of APIs to validate and develop MVPs, Virtusa’s OIP provides users with a low-risk environment to experiment, develop, and validate MVPs while reducing the time and cost of innovation.
"Virtusa is excited at the potential of ISO 20022 to open up many opportunities to improve payment services using cloud technology,” said Senthilkumar Ravindran, Executive Vice President & Head of Digital Transformation and Cloud Transformation, EMEA, Virtusa. “We’re also thrilled that such a distinguished panel of experienced industry experts selected our solution, which uses machine learning and analytics to help improve completeness and correctness of cross-border payment processes.”
“This pandemic has forced many enterprises in many different industries to reimagine how they do business,” said Senthil Ravindran, EVP and global head of cloud transformation and digital innovation, Virtusa. “Oway migrating to Google Cloud delivered immediately increased flexibility in these uncertain times. The Virtusa team understood the importance of the challenge and completed the project quickly.”
Many banks are struggling to keep pace with dynamic FinTech firms and tech giants that are developing and launching new banking applications at a Silicon Valley-like speed. At the same time, banks have to deal with the changes brought about by Open Banking and other regulatory changes. Juggling the demands of these forces is extremely difficult and requires banks to enable much greater agility that empowers innovation, said Senthil Ravindran, executive vice president and global head of xLabs, Virtusa.
“We are very excited to be a part of this journey to develop the APIX platform. We believe that the only way to solve systemic societal issues like insufficient financial inclusion is through a combination of cross-organization and often cross-border collaboration and the leveraging of the latest and often disruptive technologies,” said Senthilkumar Ravindran, executive vice president and global head of xLabs, Virtusa. “We are delighted that our early investments in building next-generation Digital innovation capabilities will be fully deployed to build one of the world’s most ambitious and innovative financial innovation networks, connecting banks, FinTechs, regulators, and other participants to the benefit of millions of people.”
We are privileged to support BIAN's Open Source ecosystem using our strong experience and expertise in building digital innovation platforms for banks and supporting Open Source products and communities in general, said Senthilkumar Ravindran, executive vice president and global head of Innovation Labs, Virtusa. We strongly believe that BIAN is moving in the right direction to introduce and apply their standards in the form of Open Source APIs and microservices. Not only will it help realize the benefits of standardization, but it will also achieve rapid acceleration in integration, quality assurance, and partnerships within the banking industry.
Gigabit speaks exclusively to Senthil Ravindran, Global Head of xLabs at Virtusa, to discuss the digital trends that are reshaping business and the company's recent publication of Trends Almanac, a report documenting the ten biggest tech and human trends in the world.
Specialist Banking: The concept of Open Banking means that the biggest banks in the UK are compelled to share customers’ data securely (and with their consent) with approved third parties using a set of application programming interfaces (APIs). While a dramatic change in consumer behaviour and hyper-competitive market shift was touted as being a likely outcome in the UK, Open Banking has so far fallen short.
The News Minute: “The Virtusa xLabs’ Trend Almanac exposes the new business imperatives that business and technology leaders need to invest in to remain competitive,” said Senthil Ravindran, EVP and global head of cloud transformation and digital innovation, Virtusa. “Digital transformation demands a new way of thinking and getting a jump start on the trends that will impact customers tomorrow. This Trend Almanac will be a key resource in helping businesses do just that.”