Chennai, India, June 16, 2014: Maveric Systems, a leading provider of IT Lifecycle Assurance with a strong focus on the BFSI and Telecom sectors, has won the award in the Best Banking Technology Partner Award category at the 14th Annual Banker Middle East Industry Awards. The company is winning this award for the second consecutive year. Instituted by CPI Financial – a leading financial media company in the Middle East, the Banker Middle East Industry Awards is the region’s leading financial event to recognize both corporate and individual distinctions amongst top performers in the financial services.
Winners this year were selected from across the United Arab Emirates, Qatar, Saudi Arabia, Oman, Kuwait, Bahrain, Jordan and Lebanon by popular vote, gathered amongst the technology decision makers and business leaders of banks and financial institutions in the Middle East.
Maveric provides end-to-end IT Lifecycle Assurance Services, partnering with clients across the entire “Requirements-to-Release” cycle with innovative IP led solutions. The ‘Assurance-only’ business model that brings diverse competencies viz. Requirements Assurance, Application Assurance and Program Assurance under one umbrella is the company’s biggest differentiator.
Maveric has been working closely with all the banks and financial institutions that have embarked on major business and technology transformation in the Middle East market for the past ten years. The company is currently working with twenty two top banks in the region, including SAMBA, RAK Bank, UNB, SHB, Bank Muscat, NBD, Al Watany Bank, DIB, QNB, ADIB, KFH, Al Wifaq, BBK, Emirates Bank, Al-Hilal Bank, Ajman Bank and Al Rahji Bank. The company has equal expertise across Greenfield and Brownfield projects and has worked with almost every new Bank in Middle East.
CEO and Co-founder of Maveric Systems Ranga Reddy said, “We are delighted to have won this award second time in a row. I thank all our clients and partners for making this win possible and would like to reiterate Maveric’s commitment to keeping their clients’ success above all other considerations. In FY 14, more than 40% of our revenue came from the Middle East region. This award is a validation for the good work we have done so far.”
Commenting on the work done by Maveric in the Middle East region, Mr. Hari Babu T, Vice-President and Head – Business Development, Middle East said, “Our approach has been to develop integrated assurance solutions that address our customers’ growth and efficiency-led IT challenges and develop tools and methodologies that accelerate delivery. Banks and financial institutions in the region see IT as a strategic tool and are advanced in technology maturity and adoption; this has led to several successful partnerships across the region.”