Wipro’s acquisition of Capco, as well as its partnership ecosystem, thought leadership and wide range of solutions, propelled Wipro to a Leader and a Star Performer status.
Everest Group’s Risk and Compliance in BFS IT Services PEAK Matrix® Assessment 2023 listed Wipro as a Leader and a Star Performer.
Of the 26 leading service providers assessed in the report, only three earned both Leader and Star Performer designations.
Leaders, according to Everest Group, are trusted partners with proven track records of delivering end-to-end solutions across the risk and compliance value chain. They have a strong global presence, innovative commercial models and best-in-class talent, and they differentiate themselves with their long-term vision.
“Being recognized as a Leader and a Star Performer is an accomplishment that highlights our efforts to be the advisor and partner of choice for financial institutions, said Amit Khullar – Global Domain Head, BFSI Risk and Compliance. Our risk and compliance practice at Wipro transforms legacy systems to manage mandatory regulations and reduce risk while being at the forefront of providing financial institutions with sustainable outcomes through our sustainability risk services portfolio.”
Everest Group cited Wipro’s acquisition of Capco as a key advantage, with Wipro’s transformation and delivery capabilities complemented by Capco’s consulting capabilities and client intimacy. The report also noted Wipro’s balanced portfolio of IT and technology services across the risk and compliance space, its relationships with leading third-party risk and compliance platforms, and its investments in building forward-thinking thought leadership on specific Risk and Compliance topics, including ESG, cloud, blockchain and financial crime.
“The banking and financial services (BFS) enterprises are looking to transform their IT and technology systems in response to emerging risks and increasing regulatory pressures. This has come in response to increased cyber-attacks, supply chain disruptions, macro-economic changes, and new customer engagement models. The BFS Risk and Compliance IT services market is poised to remain strong as firms try to gain tighter and more secure control of their data estate, build agile risk assessment models, and comply with ESG mandates,” according to Kriti Gupta, Practice Director, Everest Group. “Wipro’s acquisition of the BFSI consulting specialist Capco has augmented its end-to-end transformation and delivery capabilities. Its partnership ecosystem, wide array of solutions, and a proven track record in delivering delightful customer experiences has helped the firm earn recognition as a Leader and a Star Performer on Everest Group’s Risk and Compliance in BFS IT Services PEAK Matrix® Assessment 2022.”
To learn more about Wipro’s capabilities across the risk and compliance value chain, download the full report.