In today’s complex environment, from the credit crisis to subsequent regulatory pressures and continually evolving economic levers, the need for Data Management has come to the fore. Data Management has extended beyond the traditional IT-led storage and data hierarchy tasks to encompass governance, quality and a view of data as the lifeblood that drives and feeds an organization. From managing firm risk, to providing clients better insights, to being able to react and change – Wipro understands that Data and its proper management is core to a firm’s success.
How Wipro Helps
Wipro has been working with Financial Institutions to evolve their Data Management systems, processes and operating models for over a decade. Whether evaluating build versus buy, implementing a new system or evaluating your governance program, our experts understand the new requirements for a firm's data needs. We also specialize in other niche areas including book, legal agreement and products.
Our services for smart Data Management for financial institutions include:
- Strategic Data Management, Quality and Governance Consulting
- Integrated IT and Operations Management
- Development, Integration and Implementation of industry leading products
- Product and Platform Innovation
- Our consultants have expertise in major data types including instrument, client/counterparty, legal entity, account, pricing, corporate actions and SSI.
Wi-DAB (Data Assessment Backpack)
Wi-DAB (Data Assessment Backpack) is a 360 degree Data Assessment offering that provides a comprehensive assessment of data quality issues. Wi-DAB helps in the end to end analysis of specific business processes for issues relating to data, system or process.
The solution generates customized quality metrics on various dimensions.
LEI (Legal Entity Identifier) Hub
LEI (Legal Entity Identifier) Hub is a utility solution that has connectors and upload capabilities of LEI updates from a central utility. LEI Hub profile cross-references between legal entity as well as internal records and creates full legal hierarchies for in-scope entities. It also has an indicative data model to store LEI in a structured manner.
Client Data Utility Framework
Client Data Utility Framework outlines the building blocks for a centralized Data Management service. The framework covers integration with vendors and internal systems for the entire client data lifecycle. It leverages in-house technology capabilities for document management and workflow tools. Operations have a centralized core utility team for legal entity processes and a separate client-facing team.