Lending Today, banks are under severe pressure to introduce new products into market in quick time, while attracting and retaining customers by cross-selling and up-selling to stay ahead of competition. In addition, banks have to handle different kinds of loans like syndicated and multicurrency ones from different sources including dealers, credit unions and other banks. To add to the complexities, there are operational challenges like streamlining of the loan processing cycle, compliance, resource optimization and continuous gathering of relevant intelligence from excess data.

This has major implications for the technology needed to manage the lending process. Currently, there is a huge gap in the prevalent technology in banks and what they need. What banks need now is technology that can help deliver innovative products and services through the web.

Wipro has worked with leading global lending organizations and has successfully developed and implemented innovative solutions across the lending life cycle. We have developed solutions in the areas of loan origination, loan servicing, compliance and real time decision support. We have expertise in a suite of lending products garnered through our vast experience.

Wipro has specialized expertise in enterprise application integration, business process management and BPO. Through a combination of deep domain knowledge, partnerships with leading product vendors in the industry and superior system integration skills, we offer a compelling value proposition to our customers. We have helped customers move to a paperless environment, take better decisions through our business intelligence solutions, optimize valuable resources and improve customer delight by providing faster time to market solutions. Our dedicated team, tools and Centers of Excellence (CoE) play a significant role in delivering these benefits to customers.