R88

What R88 does

R88 Inc is a privately held, founder-led digital transformation consulting firm headquartered in Boston with additional offices in Charlotte and Dallas. Founded in 2009 by President Ken Russell and led by CEO Kishore Khandavalli, the firm specializes in advising banks and financial institutions on digital transformation, with service offerings spanning digital banking transformation, treasury cash management, core banking renewal, payments modernization (including TCH RTP, FedNow, ACH, and Fedwire), application implementation and integration, application and mobile development, data and AI/ML, cloud migration, and governance/risk/compliance (GRC). R88 distinguishes itself through hybrid-migration expertise — bridging legacy core banking systems with modern API-first platforms such as Finxact, Thought Machine, and Technisys — and through vendor-neutral advisory status across major fintech platforms (Bottomline, Q2, ACI, Fiserv, IBM, Microsoft Dynamics 365, ServiceNow, Nasdaq Bwise).

The company operates a professional services business model with three primary revenue streams: (1) strategy consulting including business case development, program risk assessment, vendor analysis, and contract negotiation; (2) implementation and execution services covering program/project management, enterprise and solution architecture, and testing management; and (3) recovery and risk mitigation services for troubled digital transformation initiatives. Distribution is entirely direct enterprise field-sales with no self-serve or product-based channels. While Banking/FinTech is the primary vertical, R88 has built out dedicated industry solutions for Insurance, Healthcare, Retail/eCommerce, Construction, Transportation/Logistics, HR/People Operations, Startups, and Consumer Services, citing 30+ insurance customers worldwide and named enterprise clients including a Leading Global Financial Services Organization, PHP Agency, Simplex Group, and MPOWER Health.

Technically, R88 combines consulting depth with proprietary accelerators (Digital Accelerators for legacy-to-modern migration, a Unified Interface for Hybrid Core Banking) and partners with hyperscalers and fintech vendors for cloud, AI/ML, and GRC delivery. The firm is bootstrapped with no disclosed institutional funding, maintains 11-50 employees, and is recognized through CEO Kishore Khandavalli's 2022 Ernst & Young Entrepreneur of the Year award and 2010 Wells Fargo Asian Business Leader finalist recognition.

Name

R88

Legal name

R88 Inc

Website

https://r88inc.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

R88 is a private, founder-led digital consulting firm advising banks and financial institutions on core banking modernization, treasury management, payments, AI/ML, cloud, and GRC implementations, with additional vertical solutions across insurance, healthcare, logistics, and retail.

Ownership category

akta.pro rank

Product category

Financial Technology Consulting

NAICS

Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)

SIC

Finance Services (6199)

akta.pro primary industry

Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

akta.pro secondary industry

Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG)

Keywords

• Digital banking transformation
• Fintech consulting services
• Core banking renewal
• Treasury management solutions
• Application implementation integration

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Consulting Services: Strategy consulting engagements including business case development, program risk assessment, vendor analysis and fitment assessment, vendor contract negotiation, and project pre-planning
2. Implementation and Execution Services: Program and project management, enterprise architecture, solution architecture, business architecture, and testing management for digital transformation projects
3. Recovery and Risk Mitigation Services: Program risk assessment, scope evaluation, and project recovery services for struggling digital transformation initiatives

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

R88 is an elite fintech consulting firm that delivers digital transformation services to leading banks and financial institutions. Its core offerings include strategy consulting, implementation and execution services for digital banking transformation, treasury cash management, core banking renewal, payments modernization, application implementation and integration, mobile and web development, data and AI/ML, cloud migration, and risk and regulatory (GRC) solutions. The firm also delivers industry-specific digital solutions for insurance, healthcare, transportation/logistics, retail/eCommerce, construction, HR, startups, and consumer services clients.

Product overview

R88 is an elite fintech consulting firm serving leading banks and financial institutions with a comprehensive portfolio of digital transformation services and solutions. The portfolio encompasses core consulting offerings (Digital Banking Transformation, Treasury Cash Management, Core Banking Renewal, Payments, Application Implementation and Integration, Application and Mobile Development, Data and AI/ML, Cloud, and Risk and Regulatory/GRC) along with industry-specific solutions (Healthcare, Insurance, Banking/FinTech, Retail/eCommerce, Construction, Transportation/Logistics, HR/People Operations, Consumer Services, and Startups). The company also delivers client-specific solutions including the Simplex ERP Platform for trucking/freight management integrated with Microsoft Dynamics 365, PHP Agency's custom ERP/CRM for insurance network marketing, MPOWER Health's iPad application for operating room efficiency, and Global Banking Enterprise Architecture for financial services modernization. R88 has deployed treasury solutions on Bottomline, Q2, and Dragonfly platforms and maintains strategic partnerships with these vendors, along with Service Now, Nasdaq Bwise, IBM, and core banking platforms Finxact, Thought Machine, and Technisys.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Banking Transformation

Quantifiable outcome

• 10X revenue scaling for insurance client (PHP Agency)
• +2 more outcomes

Named customers4 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability10 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core.

• Bottomline TechnologiescoreTechnology or IntegrationR88 is a certified Bottomline Technologies' strategic integration partner having helped multiple Digital Banking clients implement Bottomline solutions for more than a decade. They have deployed key vendor solutions across treasury cash management leveraging Bottomline platforms.
• Dragonfly Financial TechnologiescoreTechnology or IntegrationR88 partners with Dragonfly Financial Technologies as one of their treasury management platform providers, implementing their solutions for corporate and business banking customers.
• Q2 Inc.coreTechnology or IntegrationR88 partners with Q2 Inc. for treasury management and digital banking solutions, leveraging their platform for implementations for banking clients.
• ACI WorldwidecoreTechnology or IntegrationR88 partners with ACI Worldwide for payment solutions, utilizing their platform capabilities for enterprise payment modernization projects.
• FiservcoreTechnology or IntegrationR88 partners with Fiserv as a platform provider for payments and financial services solutions in their treasury and banking implementations.
• IBMcoreTechnology or IntegrationR88 is an IBM Gold sales and implementation partner and AI expert who can leverage IBM OpenPages with Watson for GRC (Governance, Risk, and Compliance) solutions. They have expertise across Service Now and Nasdaq Bwise platforms.
• Microsoft Dynamics 365coreTechnology or IntegrationR88 integrates Simplex Group's ERP platform with Microsoft Dynamics 365 back-office connectivity, creating a comprehensive trucking and freight management solution.
• FinxactcoreTechnology or IntegrationR88 integrates Finxact as a modern core banking platform alongside existing legacy systems for financial institutions, enabling gradual migration to modern architecture.
• Thought MachinecoreTechnology or IntegrationR88 partners with Thought Machine as a modern core banking platform provider for banks seeking cloud-native, API-first core banking solutions.
• TechnisyscoreTechnology or IntegrationR88 integrates Technisys as a modern core banking platform option for financial institutions undergoing digital transformation.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Slalom: Boutique consulting firm with a strong financial services and fintech practice delivering digital transformation, cloud, data/AI and customer experience services. Comparable to R88 in mid-market digital banking execution and engagement style.
• Genpact: Global professional services firm focused on banking, capital markets and insurance with deep transformation, digital, and operational improvement offerings. Directly comparable to R88 as a delivery partner for digital banking and FS modernization programs.
• West Monroe Partners: Boutique management and technology consulting firm exclusively focused on financial services, energy, healthcare and other regulated industries. Closest US peer to R88 in scale, banking-tech specialization, and senior-practitioner engagement model.
• Mphasis: IT services firm with a dedicated Banking, Financial Services and Insurance vertical covering core banking, payments, digital and risk. Comparable to R88 in its banking-platform implementation and integration capabilities.
• Baringa Partners: Independent consulting firm focused on financial services including banking, capital markets, insurance and energy. Closest international boutique peer to R88 in FS-only advisory and transformation delivery.

Broad incumbents

• Accenture: Global systems integrator with the world's largest financial services consulting practice, including core banking, payments, cloud, data/AI and risk services. Competes with R88 on the same banking transformations, but at vastly larger scale.
• Capgemini: Global SI with a Financial Services strategic business unit that includes core banking, payments, risk and digital channels. Competes with R88 for large bank transformation deals but with broader geographic and service coverage.
• Deloitte: Big Four professional services firm with large Financial Services Industry practice spanning core banking, risk/regulatory, treasury and digital channels. Overlaps R88's offerings inside a broader consulting portfolio.
• KPMG: Big Four firm with a dedicated financial services consulting practice covering banking transformation, risk, regulatory, technology and data. Comparable capability surface area to R88 across banking, treasury and GRC.
• Cognizant: Global IT services firm with a sizable Banking and Financial Services practice delivering digital, data and core modernization. Comparable capability set to R88 with significantly larger delivery scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xlinkedin.com/company/r88-inc.
• LinkedInlinkedin.com/company/r88-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about R88