BFSI segment in India will contribute more than sixty percent of our revenues by end of 2018 says Rajesh Mathkar, Director at Wysetek.
Banking and insurance companies continue to be the biggest adopters of technology globally and in India.
Nationalized and many private banks in India have been adopting latest technologies on mobile and cloud perhaps faster than others to enhance their customer delight and stay ahead of their competition peers.
BFSI segment has been the biggest vertical for Wysetek in India.
The segment contributed around fifty percent revenues out of company’s total revenues in the calendar year of 2017.
Wysetek has an influential clientele list of nationalized and private banks in India as they bank upon Wysetek as their preferred technology partner – both in solutions and services.
The key trends across Indian banks in 2018 with respect to technology adoption will be aligned to their digital transformation journey. Banks are rapidly adopting digital transformation to deliver better experience to their customers and hence they are adapting more of security, mobility, analytics and cloud,” says Rajesh Mathkar, Director, Wysetek Systems Technologists. Also, the lines of businesses in banking customers are clearly becoming more influential in IT decisions, he adds.
Banks will continue to invest in new technologies like cloud, HCI and others in India. “Cloud and HCI have become main stream in the sense that these technologies are more stable, more standardized and more affordable. They provide much-required agility for banks in their drive for expansion and importantly gives better experience to their customers.
There was a thirty percent increase in the company revenues from BFSI in 2017 compared to 2016. The main reason being our dedicated focus on this vertical in sync with our technology OEMs. We wanted to be a one-stop and comprehensive IT partner for this segment, he says.
The key technologies in demand from BFSI customers of Wysetek are HCI, Storage, DR related solutions and enterprise security. “Banks today want more agility in their infra at a reduced TCO, but at the same time compliance and availability are also their major concerns,” he says.
Wysetek has been associated with BFSI for many years and emerged as a complete solution player offering enterprise security, enterprise IT infra, virtualization, storage management, cloud services, HCI to name a few.
BFSI segment requires a lot of IT services including professional services from Wysetek including Enterprise security, Integration and the migration to HCI. The portfolio of SI services includes strong Service Network with own Branches at Pan India level. It has a Certified & Experienced Services Team. It is also backed by a 24×7 NOC.
Wysetek has a technology solutions division with more than two decades of experience in the IT industry with in-depth understanding of solutions and technology. “We have dedicated resources for various technologies and strong partnerships with the renowned global brands. We have skilled and certified resources for pre & post-sales services to help the customers and their IT needs,” says Rajesh.
Wysetek’ s project Management team with track record of many successful projects across to manufacturing, BFSI, Oil & Gas, Hospitality, IT & ITES, Pharmaceutical and Services Industry.
BFSI would continue to be our key focus as per him as the blockchain and other technologies become popular in coming years. We expect around sixty percent revenues from BFSI segment out of total revenues emerge by end of 2018, says Rajesh Mathkar at Wysetek Systems Technologists.
“Banks are rapidly adopting digital transformation to deliver a better experience to their customers and hence they are implementing more of security, mobility, analytics and cloud projects.”
Rajesh Mathkar, Director, Wysetek Systems TechnologistsWysetek’s Focus Technologies for BFSI
- Hyper-Converged Infra
- Enterprise Security
- DR solutions