Wednesday, December 04, 2013Agility with Collaborative Manufacturing
Posted by Sreenath A.V in Wipro Experts
Today, manufacturing represents 17% of global GDP and continues to be a key economic driver worldwide1. Although technology and globalization have
transformed the space, giant manufacturing enterprises face quite a few problems on the integration and agility fronts.
Tuesday, December 03, 2013Open Collaboration: Harnessing Collective Knowledge to Drive Innovation
Posted by Wipro Insights in Technology Trends
Imagine your small business taking its concept to market with funding from the public and support from the world’s best tech firms. Imagine your design teams creating interesting new products with insights that include the needs, ambitions and dreams of your target market.
Monday, December 02, 2013Risk Based Approach for 'Cost Efficient & Compliance Effective' Anti Money Laundering Program
Posted by Christine Donahue in Wipro Experts
Anti-money laundering (AML)/ Know Your Customer (KYC) regulatory requirements have dominated the Financial Services industry for quite a while
now. However, with the growing links between money laundering and terrorist financing, crime & corruption, there has been a renewed regulatory focus on AML
globally. More recently, there have been multi-million dollar fines and penalties levied on financial institutions including ‘cease and desist orders’ and
even the closure of businesses in some cases. An analysis of these cases shows that the AML programs were deficient and therefore not in compliance with
regulations. The key areas of focus/ deficiencies noted from the regulatory actions are summarized below:
Friday, November 29, 2013Technology and Regulations Bringing Transformation in Saudi Arabia
Posted by Thomas George in Wipro Experts
Saudi Arabia has a strong financial system, with 24 institutions being licensed to carry out banking services as of August 2013, according to Saudi Arabian Monetary Agency. Twelve of these were classified as Saudi institutions, with the rest designated as branches of foreign banks.