Altimetrik Named a Major Contender in Everest Group’s Banking and Financial Services IT Services Specialists PEAK Matrix® Assessment

Recognition underscores Altimetrik’s digital business approach in the banking and financial services sector

DETROIT--(BUSINESS WIRE)--Altimetrik, a pure-play digital business company, has been recognized as a “Major Contender” in Everest Group’s inaugural Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix® Assessment 2025.

Altimetrik’s Digital Business Methodology (DBM) and AI-first solutions have proven to be a valuable approach for financial institutions seeking scalable digital solutions focused on customer outcomes. The Everest Group assessment evaluated 30 specialist IT service providers based on their market impact, vision, and capability, positioning Altimetrik among the top service providers in this space.

“Altimetrik’s use of its Digital Business Methodology (DBM) and its approach to co-developing scalable digital solutions have supported transformation initiatives within banking and financial services,” said Pranati Dave, Practice Director at Everest Group. “Clients have noted its ability to rapidly build Minimum Viable Products (MVPs) and show early indicators of business value, particularly in areas such as compliance, payments modernization, and generative AI. These strengths, along with its engineering capabilities and a balanced focus on both horizontal technologies and domain-specific needs, have contributed to Altimetrik’s recognition as a Major Contender in Everest Group’s inaugural Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix® Assessment 2025.”

Altimetrik’s key strengths highlighted in the assessment include:

• Strong digital product engineering capabilities
• Ability to rapidly deliver measurable customer outcomes through short sprints
• Balanced mix of horizontal and industry-specific accelerators tailored to BFS needs
• Strategic focus on high-value transformation engagements
• Experience working with diverse BFS clientele including banks, payment processors, and FinTechs

“Financial institutions are leading the way in digital business, with AI accelerating change across the sector — from modernizing legacy systems to enabling smarter decision-making, hyper-personalization, and real-time operations,” said Raj Sundaresan, CEO at Altimetrik. “This recognition from Everest Group validates our engineering-led, AI-first approach to helping BFS clients address compliance, security, customer experience, and operational agility. By combining deep domain expertise with advanced data and AI capabilities, we not only accelerate innovation but also ensure measurable value from AI investments. Our success in areas like platform modernization, intelligent client onboarding, and real-time payments implementation reflects our commitment to building AI-first, scalable, high-impact solutions that drive digital solutions at speed and scale.”

Altimetrik’s AI-focused, data driven, collaborative, and agile methodology has proven particularly effective in the BFS sector, with case studies highlighting significant improvements in operational efficiency. In one client engagement, Altimetrik reduced commercial client onboarding time from over 60 days to just two days, while another implementation improved payment transaction processing speed 20 times over.

The company continues to invest in technology capability centers focused on AI, product engineering, data engineering, analytics, quality engineering, and DevSecOps to further enhance its offerings to BFS clients.

Read the full report and learn more about Altimetrik’s capabilities in the banking and financial services sector.

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About Altimetrik
Altimetrik is a pure-play digital business services company. We focus on delivering business outcomes with an AI-first, agile, product-oriented approach. Our first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-size increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Learn more at altimetrik.com.

About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.