The sophistication of fraud attempts in the banking, financial services and insurance (BFSI) industry is becoming more advanced, resulting in the need for updated security strategies to prevent the latest threats. Likewise, money laundering and other crimes become greater concerns, enterprises also face the necessity of complying with expanding industry regulations.
To reduce vulnerabilities and improve compliance approaches, enterprises require a unified, comprehensive strategy for modernizing legacy platforms, eliminating data silos, and enabling greater access to data. The prevalence of criminal activity is one major area within the financial services industry that is driving the demand for more efficient system alerts that better pinpoint suspicious activities and decrease redundant efforts. Financial institutions are also seeking effective ways to reduce their dependence on manual processes while standardizing resolution times and accelerating security investigations.
Wipro FullStride Cloud Services’ full-stack industry cloud approach offers an effective answer to these challenges, allowing BFSI enterprises to evolve their operations with a cloud-native, customized infrastructure built to comply with the heavy regulatory and compliance requirements of the industry. Designed to specifically address the unique BFSI challenges and requirements, Wipro helps organizations maximize cloud architectures that are scalable and agile enough to handle the latest market trends and meet changing customer expectations.
Wipro FullStride Cloud Services’ industry cloud expertise
Wipro delivers a comprehensive approach to building and maximizing cloud infrastructures and enhancing fraud prevention strategies. Our cloud and industry experts work closely with financial institutions to redefine their business models and create cloud-native, digital value chains that enable them to lay the groundwork for a range of achievements, such as:
Our BFSI team also provides two specific fincrime cloud-based solutions for mitigating risks:
Wipro FullStride Cloud Services success stories
Enterprises that adopt industry clouds in partnership with Wipro are optimizing their security operations for improved performance, as evidenced by these real-world examples:
Protecting against criminal activity and complying with industry regulations are ongoing tasks that require continual reevaluation, adjustments, and up-to-date approaches. Wipro FullStride Cloud Services’ Industry-specific cloud transformations enable financial firms to modernize their security and compliance initiatives while developing business innovations that drive future-ready resiliency.