Firstsource positioned as a 'Leader' in Lending Services Operations PEAK Matrix® Assessment 2024 by Everest Group

Firstsource Solutions Limited (NSE: FSL, BSE:532809), a leading global provider of specialist domain-led Business Process Services (BPS) and an RP-Sanjiv Goenka Group company, has been positioned as a Leader in the Everest Group's Lending Services Operations PEAK Matrix® Assessment 2024.

The Lending Services Operations PEAK Matrix ® Assessment 2024 evaluated and classified 30 lending service providers based on their market impact, and vision, and capability, as well as scalability and client references into the three categories of Leaders, Major Contenders, and Aspirants. Firstsource was positioned as a 'Leader' among service providers for achieving growth, despite challenging market conditions, offering a balanced range of services across the lending value chain-commercial, consumer, mortgage, and auto lending - providing a diverse set of clients with a complete experience, driving innovation, and investing to augment their Al-based in-house solutions suite.

Vivek Sharma, President - BFS, CMT, and Emerging Geos, Firstsource, shared, "Being recognized as a Leader in the 2024 Lending Services Operations PEAK Matrix® Assessment is a powerful validation of our focused strategy. We have deliberately chosen to limit our domains and deepen our expertise in those areas, and this recognition reinforces that commitment. Our comprehensive operations, supported by Collection and Lending Innovation Labs in the U.S. and U.K., leverage AI-driven solutions and a strategic global reach to enhance customer experience, drive operational excellence, and deliver innovation-all under one roof.

As the lending servicesindustry continues to evolve, our emphasis on innovation and value creation across the entire lending value chain positions us as a trusted partner for organizations seeking to future -proof their business. This acknowledgment highlights our role in driving the future of the industry and solidifies our leadership in delivering cutting-edge solutions that meet the complex needs of our clients."

Sahil Chaudhary, Practice Director, Everest Group, shared, "Firstsource's impetus on innovation and digital solutions has helped it to drive growth, as well as making it a preferred BPS partner amid the challenging economic landscape in the lending operations market. Their well-diversified clientele across the lending value chain, combined with strategic investments in in-house AI-based solutions, has established it as a Leader in Everest Group's Lending Services Operations PEAK Matrix® Assessment 2024."

Shares of Firstsource Solutions Limited was last trading in BSE at Rs. 329.55 as compared to the previous close of Rs. 342.25. The total number of shares traded during the day was 223712 in over 2778 trades.

The stock hit an intraday high of Rs. 343.80 and intraday low of 327.15. The net turnover during the day was Rs. 74255433.00.

Source : Equity Bulls

Keywords

FirstsourceSolutions INE684F01012 Leader EverestGroup PEAKMatrixAssessment2024