Wipro Recognized as a Leader in Everest Group’s Banking IT Services PEAK Matrix® Assessment 2025

Wipro has been named a Leader in the Everest Group Banking IT Services PEAK Matrix® Assessment 2025, which evaluates 41 global IT service providers on their ability to drive complex technology transformations in banking. This recognition highlights Wipro’s end-to-end consulting delivery, system integration and testing expertise, and innovation across banking segments, supported by a global footprint and strategic partnerships.

Scope of the Assessment

Geography: Global coverage, including North America, Europe, APAC, MEA, and LATAM
Segments: Retail banking, commercial banking, lending, cards and payments, treasury, and other banking areas
Processes: Digital experience, risk and compliance, data & AI, application services, infrastructure services
Assessment Window: Trailing 12-month revenue and deal activity through December 2024
Evaluation Lens: Market impact, vision, capability, adoption, portfolio mix, innovation, scope, and footprint

“Wipro has strengthened its position in banking IT services by delivering large-scale modernization across core banking, lending, and digital experience programs, supported by its investments in AI, cloud, and platform engineering,” said Pranati Dave, Vice President, Everest Group. “Clients value its ability to execute end-to-end transformation programs in areas such as core re-architecture and API-led integration, while applying AI and agentic AI to improve operational efficiency and decisioning. Its focus on ISO 20022 enablement, open banking frameworks, and reusable accelerators support continued transformation for global banks. These capabilities contribute to Wipro’s recognition as a Leader in Everest Group's Banking IT Services PEAK Matrix® Assessment 2025.”

Wipro’s Strengths and Differentiators

Wipro’s leadership is underpinned by its consulting-led AI driven approach, leveraging Capco to integrate advisory and delivery across banking segments. The company has demonstrated maturity in agentic AI deployment, with over 200 banking-specific agents developed for onboarding, lending, and financial crime use cases.

With the launch of Wipro Intelligence™, Wipro’s suite of AI-powered platforms, solutions and transformative offerings, Wipro brings together a breadth of industry-specific solutions, along with AI-powered delivery capabilities, to help enterprises scale modernization efforts across core banking, lending, and risk and compliance functions with greater confidence.

Strategic partnerships with hyperscalers and banking platforms, combined with global delivery centers, enable talent scaling and consistency across verticals.

Key strengths include:

Consulting-led strategy and regulatory-driven modernization
Payments modernization with ISO 20022 solutions and partner-led implementations
Advanced agentic AI deployment for banking use cases
Multi-year engagements with large banks for modernization in onboarding, teller transformation, and cards servicing

Gain deeper insights into Wipro’s positioning and capabilities in the full Everest Group report

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Disclaimer 

Licensed extracts taken from Everest Group’s PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis.  All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking.  To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.

About Everest Group

Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.