ExlService Holdings, a leading provider of transformation and outsourcing services, today announced it has entered into a strategic alliance with MicroStrategy Incorporated, a leading worldwide provider of business intelligence (BI) software, to develop advanced risk analysis solutions for the banking sector. The relationship allows EXL to more quickly formulate and deliver risk management solutions that banks can use to measure and analyze receivables data on products such as credit cards and loans. 

EXL supports several of the world’s leading financial institutions, including major banks throughout North America, Europe and Asia. EXL’s decision analytics practice advises large, global companies in key areas such as consumer behavior, operations and risk management. EXL will develop and deliver key performance indiciators (KPIs) for risk management, operational risk reporting and advanced analyses using the MicroStrategy Business Intelligence Platform. EXL will also leverage MicroStrategy’s widely acclaimed and top-rated mobile BI platform to help companies build, deploy and maintain mobile apps with enhanced business intelligence, transactional and multimedia capabilities. 

“EXL’s decision analytics group generates business impact for our clients by helping them transform data into intelligence to drive performance, improve financial results and advance corporate strategies,” said Pavan Bagai, President and Chief Operating Officer, EXL. “We also seek to leverage best of breed technology platforms across our businesses that allow us to scale, automate and improve our services so we can accelerate delivery of value for our clients. Our relationship with MicroStrategy, which is a recognized global leader in business intelligence software, is an integral part of this strategy.” 

“MicroStrategy is pleased to work with EXL to provide enhanced reporting and analytics for their banking risk solutions,” said Sanju Bansal, MicroStrategy Chief Operating Officer. “Enterprises choose MicroStrategy for its business intelligence leadership, integrated platform, outstanding scalability, and user friendly dashboards. In combination with EXL’s highly regarded analytics services and banking domain expertise, this joint solution presents a compelling offering for banking clients seeking sophisticated risk analyses.”