This report analyzes Wipro across four different service categories: Core Modernization and Integration Services, Banking Governance, Risk and Compliance Services, Transformational and Digital Banking Services, Payment and Card Processing Services.
Key Strengths of Wipro as stated by ISG:
Unique modernization approach: Wipro’s approach uses incremental core modernization designing, followed by an iterative process of “hollowing the legacy core” into the cloud core, while supporting coexistence of platforms during the modernization process. This approach modularizes and distinctly separates the basic core from other functionalities, enabling the addition of API-driven as-a-service offerings in the middle layer, as individual components or as clusters, depending on requirements.
Comprehensive governance, risk and compliance (GRC) practice and portfolio: Wipro offers end-to-end services with a dedicated GRC practice under ‘iDEAS – Integrated Digital, Engineering and Application Services,’ encompassing consulting and advisory services, IT application development and management and digital operations in the areas of risk management, financial crime compliance, GRC and IT risk management. It also offers technology implementation, covering data management and governance, application development and deployment, platform configuration and maintenance.
Wipro demonstrates a commitment to building a robust talent transformation strategy to cater to the growing demand for digital transformation and to develop digital fluency across delivery professionals.
Extensive experience in modernizing core systems: Wipro has significant experience in designing and application development, which translates to modernizing legacy (mainframe or Cobol) core platform, into leading open core platforms, and cloud core platforms. In addition, it has been utilizing several proprietary modernization frameworks, such as ModernIZ, to bridge any gaps between legacy and open API-driven core generations