Wipro earned a Market Leader status for offering strategy-led execution that helps retail banks create new source of value.
Global business research consultancy HFS named Wipro a Market Leader in its 2023 Horizons report on Best Service Providers for Retail Banks. In a field of 21 competitors, we are one of only six service providers named to the top tier. As a Horizon 3 Market Leader we demonstrated strong partnerships with clients to execute and scale capabilities to generate new sources of value.
Among our strengths, HFS cited Wipro’s ability to drive new business models and revenue streams through digitalization, its strong customer and partner testimonials, its global footprint, and its success with multiple core banking migrations. Our acquisition of and synergies with Capco were also cited as critical success drivers.
“The HFS Horizons assessment approach is designed to align enterprise objectives to service provider value,” says Elena Christopher, Chief Research Officer at HFS Research. “We’ve recognized Wipro as a Horizon 3 Market Leader based on its strategy-led execution approach yielding proven impact and outcomes with its retail banking clients around the world. The Wipro+Capco combo offers a nearly unrivaled consulting capability front-ending strong design, build, and run capabilities. As retail banks shift their focus from digital engagement to front-to-back modernization, digital innovation must permeate throughout banking operations and modernized core systems to enable new forms of value for end customers. Retail banks will get there with the help of ecosystem partners like Wipro.”