Happiest Minds named 'Innovators and Major Players' in NelsonHall's Core Banking NEAT Report

With a focus on fast-growing markets like India, Indonesia, and Africa, Happiest Minds partners with financial institutions, offering SaaS, cloud, and on-premise services via its Arttha core banking platform

Happiest Minds Technologies has been recognized as 'Innovators and Major Players' in the NelsonHall Vendor Evaluation and Assessment Tool (NEAT) Report for transforming core banking services.

NelsonHall, the leading global analyst firm, helps organizations understand the ‘art of the possible’ in digital operations transformation. They provide organizations with critical, detailed information on vendors and markets that help them make well-informed decisions. NelsonHall’s research offers a comprehensive evaluation of Happiest Minds’ Transforming Core Banking Services. According to NelsonHall, Happiest Minds’ core banking services revenue is projected to expand by 15% annually over the next three years.

Joseph Anantharaju, Executive Vice Chairman, Happiest Minds, said, “Over the past year, Happiest Minds has focused on enhancing the Arttha platform and making it a core offering for our banking and other customers with lending and payment needs. The NEAT recognition motivates us to strengthen our capabilities further and create lasting value for our customers.”

Manish Sharma, CEO, PureSoftware Business, said, “We continue to use our Arttha platform-led core transformation approach to scale our business. Our core banking services engagements include modernizing legacy platforms to drive digital banking operations, including deposits, payments, and lending for one of Africa’s largest banking groups.”

Udeet Bhagat, Head, Arttha Business, added, “Being recognized as ‘Innovators and Major Players’ in the NEAT Report in Transforming Core Banking Services underscores our outstanding contribution in this space. Our expertise covers roadmap development, infrastructure design, and implementation of the Arttha platform for savings, open banking, lending, and payments. With Arttha, we enable our enterprise customers to embrace digital open banking, adopt cloud-native architecture, streamline operations on a single platform, drive business growth, and reduce costs across multiple regional banks.”

Andy Efstathiou, Program Director for Banking, NelsonHall, said, “Happiest Minds was recognized as ‘Innovators and Major Players’ for transforming core banking services. Arttha, their digital banking platform, focuses on providing hyper-personalized experiences with seamless integration, omnichannel accessibility, cloud-ready architecture, and open API banking. Happiest Minds’ services for core banking enable clients to transform and modernize their core banking processes.”

Happiest Minds partners with financial institutions across key fast-growing markets, including India, Indonesia, and Africa. With Arttha, its core banking platform, Happiest Minds supports its BFS clients with SaaS, cloud, and on-premise services.

Over the next several years, the company plans to expand its core banking services business by,

·       Targeting small and mid-sized banks

·       Enhancing functionality for large banks aiming to strengthen their digital banking offerings

·       Supporting specialized lending areas, including Islamic finance and commercial lending

·       Expanding into the US market to help local banks enhance their digital banking capabilities