Digital transformation and evolving digital technologies deliver enhanced client and employee experiences through Wipro’s strong expertise in the banking, financial services, and insurance sectors.
Disruptions of the business landscape and the impact of technology are compelling the finance sector to shift to innovative business models while delivering superior experiences with agility. Wipro offers a robust and comprehensive service portfolio, product offerings, and deep expertise in design and engineering. Our partnerships with emerging fintech players and innovation labs across the globe promise a forward-thinking future and enable finance organizations to shape theirs.
The client achieved an efficiency gain of over 45% along with zero processing error through Wipro’s Automation Platform as-a- Service (APaaS). 53 bots were deployed to automate twenty processes, saving more than 7000 hours.
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. Amidst the COVID-19 pandemic, for example, the Australian government allowed people suffering from financial hardships to make early withdraws from superannuation funds.
New pressures are pushing superfunds to reimagine their operating models. The Australian government’s focus on reducing fees is shifting the burden to trustees, while the rapidly evolving regulatory environment is creating cost and member-engagement challenges. Members expectations are also changing. Transparency and clear communication are becoming must-haves for superfunds.
Financial advisors play a vital role in helping investors choose financial assets that align with their investment goals. Australia’s financial advice market is worth over $4.6 billion in revenues, served by over 19,000 advisors assisting nearly twenty-five million Australians, primarily on super investments and retirement planning.