Assurance of Technology Transformation for Retirement/DCRK industry
DCRK services has traditionally been a low margin business; with further margin pressure due to fee compression, increased scope of services, regulation, consolidation, and slow digital adoption. Large players with modernized platforms and cross selling alternatives provide cost effective services, while smaller providers are compelled to adjust their service models to compete and survive. Sustainability and Growth lie in adoption of the ‘scalable sophistication’ framework, using technological levers to deliver hyper personalized service. The framework also helps in catering to larger scale and number of clients with better plan sponsor and participant experience while maintaining operational resilience.
As a leader in digital transformation and intelligent operations, Wipro continuously innovates to provide tailored solutions and help record keepers grow their business to be future ready. We offer a host of DCRK solutions across operations, compliance, IT simplification, analytics, automation, cyber security, and IT modernization to enable record keepers to evolve their next generation capabilities. Our strong domain knowledge, efficient operations management and partner networks enable clients to scale the digitalization and personalization journey and provide ‘sophistication at scale’. Our value proposition for DCRK and Retirement helps them deliver stronger participant outcomes