Hitachi and Virtusa, a global provider of digital strategy, digital engineering, and IT outsourcing services, announced a new partnership to capitalize on the rapidly growing adoption of AI in financial services.
As part of the agreement, the two companies have established a dedicated joint team based in Silicon Valley. The team will develop new AI-based solutions that combine Hitachi's advanced digital technology and leading R&D capabilities with Virtusa's deep financial services industry knowledge and digital engineering expertise.
Hitachi and Virtusa plan to launch the first jointly developed AI solutions to financial services organizations in the United States by early 2020.
The two companies will jointly market these new AI solutions to both existing and new customers. Hitachi and Virtusa will also collaborate on sales, delivery, and maintenance activities.
Tsugio Yamamoto, VP and Executive Officer, Hitachi
The establishment of a new joint team in Silicon Valley will accelerate the global expansion of digital solutions, taking advantage of both companies' strengths. Hitachi will accelerate the expansion of our solution menu working together with Virtusa, as well as the enhancement of global delivery capabilities.
Kris Canekeratne, Chairman and CEO, Virtusa
Financial services organizations have a significant opportunity to leverage and deploy AI to gain significant competitive advantage. With this partnership and through our deep Digital capabilities, we can help more clients benefit from AI faster.
