EPAM Recognized as a Leader in Digital Banking Services in Germany and Switzerland 

Achievement highlights EPAM’s strength in helping financial services clients accelerate digital transformation and innovate business models to meet evolving consumer demands

• What’s the News? EPAM has been recognized by industry analyst firm, ISG, as a Leader in Digital Banking Services in Germany and Switzerland.
• Why it’s Important? ISG assessed digital banking service providers on their ability to support banks on their digital transformation journey through consulting, vertical expertise and technical solutions.
• Who is it for? Banking and finance IT decision-makers are able to use information from this report for important decision-making on positioning, key relationships and go-to-market considerations.  
  

NEWTOWN, PA., USA, January 04, 2023 – EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a leader in digital banking services in Germany and Switzerland by technology research and analyst firm, ISG. The recognition reflects EPAM’s strength in helping banking and finance clients digitally transform through strategic consulting, domain expertise and technical solutions.

Learn More About EPAM’s Financial Services Capabilities

“We are delighted to be ranked as a leader in multiple categories within the ISG Provider Lens™ report for digital banking services in Germany and Switzerland,” said Balazs Fejes, President of EU and APAC Markets at EPAM. “This industry analyst recognition recognizes our commitment to our financial services customers in the DACH region to help them respond to the challenging and volatile market conditions they are currently facing. We’re focused on helping our financial services customers provide their end users with stable and reliable core digital banking services while partnering with them to optimize their agility, reduce costs and improve innovation.”

ISG assessed digital banking service providers on their capacity to support banks on their digital transformation journey in four key areas: core platform modernizations, digital banking implementations, governance, risk and compliance (GRC), and cards and payments.

In Germany, EPAM ranked as a product challenger in banking GRC and a leader in three categories:

• Technology transformational services for digital banking
• Core modernization and integration services
• Payment and card processing services

In Switzerland, EPAM was recognized as a leader in payment and card processing services and technology transformation services for digital banking. EPAM was also identified as a rising star in core modernization and integration services, and a product challenger in banking GRC for delivering unmatched capabilities for financial services clients in Switzerland.

“EPAM Systems is a leading software engineering firm with expertise in new digital bank setups and supports many German banks with banking technology transformations,” said Ali Toure, Principal Consultant at ISG. “In Switzerland, EPAM is a top software engineering and core banking integration provider and supports some of the top Swiss banks including UBS and Credit Suisse.” 

View the Executive Summary for the ISG Provider Lens™ Digital Banking Services for Germany 2022 here and for Switzerland here.

To learn more about the future of banking, access EPAM Continuum’s Third Annual Consumer Banking Report here.  

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Through its innovative strategy; integrated advisory, consulting, and design capabilities; and unique 'Engineering DNA,' EPAM's globally deployed hybrid teams help make the future real for clients and communities around the world by powering better enterprise, education and health platforms that connect people, optimize experiences, and improve people's lives. In 2021, EPAM was added to the S&P 500 and included among the list of Forbes Global 2000 companies.  

Selected by Newsweek as a 2021 and 2022 Most Loved Workplace, EPAM's global multi-disciplinary teams serve customers in more than 50 countries across six continents. As a recognized leader, EPAM is listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked four times as the top IT services company on Fortune's 100 Fastest Growing Companies list. EPAM is also listed among Ad Age's top 25 World's Largest Agency Companies for three consecutive years, and Consulting Magazine named EPAM Continuum a top 20 Fastest Growing Firm.

Learn more at www.epam.com and follow EPAM on Twitter and LinkedIn.

Forward-Looking Statements

This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the invasion of Ukraine, political and civil unrest or military action in the geographies where we conduct business and operate, developments relating to the on-going COVID-19 pandemic, and the effect that they may have on our revenues, operations, access to capital, profitability and customer demand. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.