Luxoft: Fostering Innovation in the Finance Sector

The global Finance industry has gone through a phase of overhaul over the course of the past decade. The advent of newer technologies and globalization across most major verticals has contributed largely to this aspect. The largely dynamic nature of the regulations governing various industries has been a major cause of concern amongst various organizations in the Finance industry. This scenario puts focus on the dire need for firms that offer consultation services pertaining to the effective management of financial services. Luxoft is a company that has been specializing in the provision of consulting and technology services to the finance industry for the past 16 years. Its initial foray into the Finance industry had Luxoft catering primarily to the U.S. and European markets. Over the years the organization extended services to countries in the Asia Pacific and Africa as well. Luxoft further found success in positioning itself as a one-stop-shop for finance from advisory to engineering through the acquisition of the U.K. firm Excellion. This acquisition enabled Luxoft to further strengthen its capability in delivering services to the Finance industry. Its vitality to Luxoft’s service portfolio also prompted the organization to market all their Finance related services under the brand name Excellion.

Luxoft’s services for the finance industry are largely confined to consultation and optimization of systems. Luxoft aids clients in indentifying prevention opportunities and offers transformation roadmaps to consolidate their systems. The company also enables clients to introduce small cost effective solutions on the lines of open-source technologies like the cloud platform, the simplicity of which further facilitates the consolidation of systems. Furthermore Luxoft also helps clients understand the newer innovations that have come in the past few years and how they can be leveraged to address the specific issues pertaining to finance. “We help clients leverage new technologies so things like cloud or big data can be leveraged to optimize their businesses and transform the way they engage with customers,” explains Andre Nedelcoux, Managing Director, Luxoft.