Wipro’s BPaaS Solution model helped the client achieve a 45% reduction in origination cost, 3X increase in funding goals, 70% first-pass UW approvals, and 30% reduction in cycle time
Transformative advancements led by technology are changing the ways of banking and finance. However, the increased reliance on technology comes with a cost, necessitating more stringent focus on quality and the associated costs with it.
Emerging technologies are transforming the landscape of today’s BFSI industry at the speed of light. Applications leveraging artificial intelligence (AI), machine learning (ML), blockchain, and robotic process automation are changing the face of banking operations and customer experiences.