Wipro Works with Global Lending Organizations

Lending

The credit crisis and newly imposed regulations make it imperative that banks over-haul their lending business model, with minimal changes to their technology landscape. The key tenets of the new business model suggest looking at alternative sources of revenue and low cost servicing options, while capitalizing on their inherent strengths. With the popularity of the web channel, banks need to piggy back on the social networking band wagon. They can do so by offering innovative products that will help them accomplish higher fee based income at lower risk.

Wipro offers comprehensive solutions including the in-house product capabilities in Originations and Default Management across consumer product lines. Leveraging these capabilities, Wipro has developed a Shared Business Services framework which would help banks focus on their core competencies and simplify operations.

Wipro has a range of offerings to meet these emerging challenges:

	Consulting and New Product Road Map definition
	Application Portfolio Rationalization
	Offering alternate channels for customers facing financial hardships and requiring loan modifications
	Delivering business process outsourcing and Knowledge services across the consumer lending value chain
	Process optimization to improve operational efficiency

Wipro has assisted various banks in the following areas:

	Back-office automation for a large captive auto lender in US
	Implemented Delinquency Management as a shared service across product lines for a leading super regional bank in US
	Lending Application Portfolio and Rationalization for a large European bank
	Maintenance of industry standard COTs products from product vendors such as Fiserv, Fidelity, CGI for multiple customers
	Business Process Outsourcing services for the servicing value for a leading non-captive auto lender in US
	Defining and developing an Integrated and Automated Customer Correspondence infrastructure for a leading non-captive auto lender in US
	Application development and Maintenance of custom-built applications across multiple customers in US and Europe

	Cards & Payments
	Channels
	Retail and Corporate Banking
	Lending
	Investment Banking and Wealth Management
	Mortgage

	Customer Acquisition Management
	Loan Modification Portal
	Internet Banking Capability Transformation
	Complete Mortgage Fulfillment Platform
	NetOxygen Loan Modification
	NeOxygen Accelerator
	NetOxygen Cirrus
	NetOxygen Enterprise Loan Origination

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