Agility and flexibility in a digital and challenging banking environment
The banking industry is set for radical transformation with digital disruption. However there are challenges such as competition from non-traditional players, compliance requirements with rigorous regulatory standards and mounting pressure on costs, in the midst of uncertain economic conditions. Financial institutions are rapidly embracing the ‘As-a-Service’ phenomenon to unlock the power of integrated application software, infrastructure topology and business processes on demand. The As-a-Service model promotes business agility and cost flexibility that is pivotal to address demands of digitally driven and dynamic consumers. Wipro’s ‘Core Banking As-a-Service’ offering is a compelling value proposition for financial institutions that encompasses hosting and managing the Core Banking application and underlying technology infrastructure on a variabilized cost model. Our Core Banking As-a-Service proposition leverages our rich banking domain knowledge, in-depth product expertise on the Core Banking platform, best in class IaaS capabilities, which when amalgamated together, offer an integrated and compelling solution.