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Move to the cloud
Successful financial services leaders in cloud adoption are using the cloud as a transformative platform to achieve new revenue streams, innovation, and business growth at significantly higher levels.
Unlike traditional, decentralized financial services systems, cloud systems ensure consistency of processes and controls in all situations. This adds an extra layer of robustness against extraordinary events like capacity strain that can arise in remote working, cyber-attacks, and volume spikes.
Wipro is a premier partner to leading cloud providers. Wipro FullStride Cloud Services is recognized by analysts for our extensive certifications, awards, and stellar client engagements.
Embrace the partner ecosystem
Disruptions in the business landscape and the impact of technology are compelling banks to shift to innovative business models, while delivering superior experience with agility.
Wipro’s ecosystem of proven collaborative partnerships and platforms – with insights powered by data – help customers improve the efficiency and effectiveness of the whole banking value proposition. Wipro has created robust capabilities through investments in emerging technology products and by leveraging crowdsourcing platforms such as TopCoder, service design innovation through Designit, partnerships with emerging fintech players, and innovation labs across the globe. Our team of consultants enables banks to shape the future in payments, digital channels, credit services, digital core, and commercial and corporate banking. By leveraging HOLMES™, our AI platform, banks drive higher efficiency in functions such as application, infrastructure management and testing.
Successful transformation journeys require orchestration, integration, and simplification across a complex cloud partner ecosystem capabilities.
Wipro Named a Horizon 3 Market Leader in HFS Horizons Report: The Best Service Providers for Retail Banks, 2023
Digital Banking Experience Benefits from a Cloud-Native Approach
Wipro Named a Leader in Everest Group’s PEAK Matrix® for Open Finance IT Service Provider 2023
Everest Group Consumer Loan Origination System Products PEAK Matrix Assessment 2022 positions Wipro as a Leader.
Mr. Mrutyunjay Mahapatra, DMD & CIO , State Bank of India, shares how Wipro is the perfect strategic partner in their Digital transformational journey and endorses the Agility with which Wipro approaches the solution.
HfS Research shows that centres of excellence (CoE) with strong collaboration between IT and business operations can dramatically improve the effectiveness of initial adoption and the continued proliferation of end-to-end use cases
Lakshmi Vilas Bank provides integrated application-based services to bolster business growth and reduce go-to-market time by up to 50%
Wipro helps a leading financial services provider move away from legacy systems and applications.
Bank leverages best in class Identity and Access Management (IDAM) solution to support a 4.5Mn customer base
Wipro helped a leading investment bank overcome its inexperience in outsourcing by implementing end-to-end solutions in record time.
Wipro helps a leading financial services provider move away from legacy systems and applications.
Wipro’s NetOxygen solution helps a leading real estate mortgage lender respond quickly to market demands.
Wipro enabled higher efficiency in retail banking business for one of the largest South African banks.
With global economic recovery underway, the credit services business is witnessing rapid growth.
Bank leverages best in class Identity and Access Management (IDAM) solution to support a 4.5Mn customer base
Wipro helped the company exit operations in Argentina and shift 25 resources to Mexico without disrupting daily operations and workflows.
The bank accelerated data quality assessment and data migration using Wipro’s integrated data quality management solution IQNxt, leading to 60% increase in compliance
A CMA9 bank achieved compliance to Open Banking/ PSD2 (Payments Services Directive 2) delivered on an outcome-based model, i.e. compliance was ensured at a 100% fee at risk
A multinational investment bank achieved compliance to UK’s Open Banking Standard, Germany’s Berlin Group Standard, and France’s STET to address the bank’s global operations. All three standards required the bank to comply within their stipulated PSD2 timelines.
The auto finance industry in North America has many touchpoints- dealers, refinancers, banks etc. The client wanted to provide a one-stop shop for customers, to simplify the user journey for their auto financing customers and prospects.
Based on our solutions, Discover wins the Celent Model Bank 2021 Award for ‘Operational Excellence in Covid-19 Response’
Lakshmi Vilas Bank provides integrated application-based services to bolster business growth and reduce go-to-market time by up to 50%
Resolution Life is a global life insurance group focused on the acquisition and management of portfolios....
Wipro helped a leading investment bank overcome its inexperience in outsourcing by implementing end-to-end solutions in record time.
These accelerators have been derived from Wipro’s experience with clients’ transformation projects and backed by our Wipro FullStride Cloud Services survey data.
The catalysts for change include constantly changing customer preferences, a highly competitive landscape and the emergence of contemporary technologies.
Well into the 21st century, many bank and lender contact centers continue to operate on top of legacy technology that is more than 20 years old and was designed largely to field phone calls. Today’s leading financial institutions know that it is imperative to move from manual call centers to digital-first, omni-channel contact centers.
By definition, a central bank digital currency (CBDC) is a legal tender in digital form....
Mergers & acquisitions landscape and post-merger integration imperatives for the banking, financial services, and insurance firms of the Asia Pacific, Middle East, and Africa region
While P27 is expected to bring many efficiencies to the payments system in the Nordic region, participating banks will need to take deliberate steps to prepare for this new platform.
Swift changes in customer expectations are driving massive transformation in the banking industry. To meet these high expectations, banks need to adopt new technologies that help them become data-driven institutions.
Hyper-personalization, Customer Engagement, and the Future of Financial Services
Trade Finance products and services have served as a critical enabler of global trade growth and economic development. The business has developed from a simple financial instrument that facilitates trade to a span of corporate offerings including finance.
All industries, including financial services, have looked to the cloud to boost resilience
#paperless #digitization
New Normal is an opportunity to industrialize technology and target operating models for finance, risk management and regulatory reporting at banks.
Real-time payment systems offer significant potential to accelerate growth and innovation in the payments industry. The advent of new-age technologies including 5G, Blockchain and IoT will support real-time payment systems to attain higher speed, rich context, connectivity, and security, while lowering the overall cost of transactions.
Around the world, major industries are experiencing a phase of constructive disruptions.
There is little doubt that 2020 will go down as a landmark year in history & economics book as the COVID-19 crisis continues to significantly disrupt (and reset) economies and communities.
Commercial banking, which has generally lagged in adopting newer technology, is now laser-focused on innovating customer experience. Many consider it a competitive differentiator.
Organizations are under pressure to improve their financial crime compliance, while at the same time trying to reduce operational costs and improve customer experience.
The changing face of identification and authentication in the digital economy
Delivering a remarkable user experience for lenders and consumers
Banking Thought Leadership
The financial services industry, perched on a vantage point, is poised to take a hegemony in creating a new identity ecosystem.
Open APIs shaping payments landscape and creating a massive connected API economy. An Application Programming Interface plays significant role in transforming interactions between systems across organization.
The case for cloud-based domain-driven microservices in the banking industry
Commercial Customer onboarding is a complex process which needs streamlined processes in siloed bank scenario
Wipro’s Banking, Financial, and Insurance Salesforce practice provides real-time transactions with results, data security, and improves the customer experience.
With banking products becoming increasingly commoditized, Analytics can help banks differentiate themselves and gain a competitive edge.
The demand for cards management and transaction processing (CMTP) technologies and capabilities continues to grow. What options do I have? How should I approach the challenge? Who can I turn to for help?
Collaboration for skip trace debt in Banking industry
As we near the end of 2016, Banks continue to form Blockchain consortium groups to develop platforms and test this technology, the most prominent being R3CEV, Hyperledger Project and the like.
Companies like Airbnb, Amazon, Alibaba, Uber etc. have caused major industry disruptions and have radically transformed customer experiences and interactions. They have set the stage for an inspired lot to fuel competition, drive up efficiencies across different industries and deliver higher value to customers.
The way to go for biometrics in banking. From single Authentication to Multi-channel options of verifying one’s identity.
This report highlights the power of collaboration between key partners and financial institutions as they meet the challenges of today’s capital markets. It looks at specific action items that came out of the Innovation Day and the tools and solutions that Wipro offers for meeting the needs of the bank’s testing team.
Open APIs shaping payments landscape and creating a massive connected API economy. An Application Programming Interface plays significant role in transforming interactions between systems across organization.
Commercial Customer onboarding is a complex process which needs streamlined processes in siloed bank scenario
The case for cloud-based domain-driven microservices in the banking industry
The financial services industry, perched on a vantage point, is poised to take a hegemony in creating a new identity ecosystem.
Delivering a remarkable user experience for lenders and consumers
Organizations are under pressure to improve their financial crime compliance, while at the same time trying to reduce operational costs and improve customer experience.
Commercial banking, which has generally lagged in adopting newer technology, is now laser-focused on innovating customer experience. Many consider it a competitive differentiator.
Around the world, major industries are experiencing a phase of constructive disruptions.
There is little doubt that 2020 will go down as a landmark year in history & economics book as the COVID-19 crisis continues to significantly disrupt (and reset) economies and communities.
New Normal is an opportunity to industrialize technology and target operating models for finance, risk management and regulatory reporting at banks.
Real-time payment systems offer significant potential to accelerate growth and innovation in the payments industry. The advent of new-age technologies including 5G, Blockchain and IoT will support real-time payment systems to attain higher speed, rich context, connectivity, and security, while lowering the overall cost of transactions.
Real-time payment systems offer significant potential to accelerate growth and innovation in the payments industry. Instant payments, with low cost and irrevocability, yield systemic benefits for all parties in the transaction.
Trade Finance products and services have served as a critical enabler of global trade growth and economic development. The business has developed from a simple financial instrument that facilitates trade to a span of corporate offerings including finance.
#paperless #digitization
The financial services industry is going through a phase of disruptive transformation with the advent of contemporary technologies, changing consumer demands, new competitors, and, of course, COVID-19.
When the results of the 2020 ICC Global Survey on Trade Finance were released in July 2020, John W.H. Denton (AO), the General Secretary of the International Chamber of Commerce (ICC), said the survey “indicates that banks are highly optimistic about the long-term future of trade finance and are looking to invest further.”
Superannuation is a primary social security tool for Australians. As a compulsory retirement savings instruments for Australian citizens, superannuation funds play an important role for citizens as well as Australian economy.
Amid rapidly changing customer behavior, digital transformation in the banking industry
In virtually every industry, disruption has been the order of the day
The changing needs of corporate customers, increasing competition from fintech players, and the advent of new technologies are presenting banks with a unique opportunity to transform their cash management offerings and capabilities.
The catalysts for change include constantly changing customer preferences, a highly competitive landscape and the emergence of contemporary technologies.
These approaches are based on banks’ current DNA construct that is determined by their target customer segment, geographic presence, unique market proposition and internal systems.
These accelerators have been derived from Wipro’s experience with clients’ transformation projects and backed by our Wipro FullStride Cloud Services survey data.
Navigate the future of digital banking with Wipro and Microsoft
By definition, a central bank digital currency (CBDC) is a legal tender in digital form....
Mergers & acquisitions landscape and post-merger integration imperatives for the banking, financial services, and insurance firms of the Asia Pacific, Middle East, and Africa region
Cloud technology has gained maturity in recent years in both its service offerings and reliability....
Wipro’s industry-leading expertise in financial services and cloud consulting is powered by Wipro FullStride Cloud Services. ...
Well into the 21st century, many bank and lender contact centers continue to operate on top of legacy technology that is more than 20 years old and was designed largely to field phone calls. Today’s leading financial institutions know that it is imperative to move from manual call centers to digital-first, omni-channel contact centers.
The metaverse is poised to bring bold opportunities for banks and deliver valuable new services to customers.
To win in an open banking landscape, banks need to proactively define their role in the financial ecosystem to create new value for customers.
Open finance is an invitation for banks to create new partnerships and seize the future
We anticipate that 2023 will be a year of strategic tradeoffs. Banking leaders will need to carefully direct available revenue streams toward the transformation initiatives that promise the most long-term value.
How AI/ML and new approaches to payments will drive banking innovation
A global survey of 1,300 senior, cloud executives that provides a comprehensive roadmap and guide to achieving success in the cloud based on learnings from global executives across 11 industries. The report confirms that cloud is more than a cost savings or agility play: it’s a driver of transformation and business growth. The Roadmap in the report provides seven actionable steps for you to grow revenue and become a cloud leader, delivering 10x the ROI of a cloud beginner.
To win in an open banking landscape, banks need to proactively define their role in the financial ecosystem to create new value for customers.
Wipro and Traydstream partner to deliver Trade Finance processing automation solutions to banks and corporates.
