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Aside from nearly three decades working in the finance and banking industry, I possess a masters
degree in Industrial Management from St. Petersburg University of Precision Mechanics and Optics
(now ITMO). ITMO is one of the top universities in Russia and the world with a student body of nearly
14,000 and more than 130 professors and lecturers. Based on my wealth of experience and
education in the industry, I am expertly qualified to speak to Mr. Tiwaris extraordinary ability in digital
banking and financial services.
I am aware of Mr. Tiwaris Digital Bridge contribution via multiple industry forums, such as Banking
Automation Summit, MoneyLive and others. Several Banks mentioned about the Digital Bridge
approach as was delivered under Mr. Tiwaris leadership. Mr. Tiwaris Digital Bridge is entirely
original and attributable to him, it has established itself as the most agile framework in the banking
industry to replace and roll out modern core banking systems.
Digital banking and financial services are a rapidly and consistently evolving field, challenging banks
and organizations that offer financial services to overhaul their systems to meet the digital needs of
their clients and consumers. This is usually a slow and tedious process, which also risks loss of data,
functional discrepancies, and long amounts of lost time. Mr. Tiwari overcame these issues by
creating a simplified solution and system, which is now called Digital Legacy Decomposition and
Automated Integration Framework, in the industry Digital Bridge for short. To summarize simply,
Mr. Tiwaris Digital Bridge completely transforms the approach to transitioning away from the old
systems, acting as an intermediary layer, which speeds up and streamlines an organizations
migration to new systems.
Mr. Tiwaris Digital Bridge has been hugely disruptive in the field, offering numerous benefits. First,
it reduces risk by adding an in-between layer which drastically reduces the risk of data loss and
mistakes. It is also helps organizations save money. These types of migrations have historically been
financially draining to organizations, and Digital Bridges speed reduces the cost of operational
downtime. Additionally, the stability of the API structure allows financial organizations and
organizations offering financial services to keep adopting new functionalities without inconveniencing
their current users by avoiding this downtime. The modular methodology fosters easy updates and
improvements, which makes it a good long-term choice for future tech changes, which is critical in
this ever-changing field.
I will outline a few impacts of this frameworks as it has clearly established itself the got to framework
for core transformation. Before this framework, there existed no way to perform a Realtime
transformation, usually one had to take multiple long stages which included 3 to 5 years long
exercise, accumulating high amount of failure risks. Since Digital Bridge includes predefined 100+
APIs, systematic backward compatibility with more than 25 core systems and most importantly
outlines off the shelf agile orchestration mechanism, this timeline has been compressed to 12 to 18
months and since it enables a new hub and spoke architecture, it de-risks the entire migration
completely as it allows the bank to continue to run the old core indefinitely and decide on cutoff of
their choosing.
In the last 5 years we (Accenture) have taken this approach across 30+ countries in APAC, EMEA
and ANZ region across multiple banks. We delivered more than 40 Core banking transformation,
saving our clients more than $2 billion in costs. More recently Mr. Tiwari has expanded this
framework to Credit card systems, Payment switching and settlements, which has enabled several
banks, and service providers like us to simplify core transformation across the board. We continue
to leverage this novel technique and help our clients across the industry not only limited to North
America but across EMEA, APAC and ANZ regions.
Given the innovative nature and global impact of Mr. Tiwaris Digital Bridge contribution, I earnestly
endorse him as among the top 1 to 2% of experts in digital banking and financial services. I strongly
believe the U.S. will continue to benefit from Mr. Tiwaris extraordinary abilities in his field, and I
avidly recommend the approval of the petition on Mr. Tiwaris behalf.
Sincerely,
Srinivas Chuck Chakravarthy
Managing Director, West Lead for HiTech XaaS Practice
Accenture
Saratoga, CA
Phone: +1 4086219656
Email: s.r.chakravarthy@accenture.com
November 9, 2023
U.S. Department of Homeland Security
U.S. Citizenship and Immigration Services
Re: Extraordinary Ability Petition for Mr. Siddharth Tiwari
Dear Sir or Madam:
Please accept this letter detailing the extraordinary ability and unique expertise of Mr. Siddharth Tiwari in the field
of digital banking and financial services. He is an innovative expert at the intersection of consulting, technology,
and banking, who has acted as a judge for the work of other professionals in the field, and who also holds
memberships in organizations that require outstanding achievements of their members. The intersection of his
experience with technology and the financial and banking sectors shapes his ability to offer unique insights and
drive exceptional transformations with leading financial institutions across the world. Based on my observation of
his high regard in the industry as evidenced by prestigious memberships and his repeated invitation to act as a
judge of the work of other professionals in the field, it is evident that Mr. Tiwari exhibits an extraordinary ability in
digital banking and financial services.
My name is Raghvendra Singh, and I am currently a Machine Learning Engineer Leader with Meta in New York,
NY. I am responsible for leading delivery of responsible AI across key banking, payments and financial services