IT major to do critical technical qualification testing for SWIFTReady Label Program
Bangalore, India - October 25, 2010:
Wipro Technologies, the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), today announced that it has entered into a relationship with SWIFT (Society for Worldwide Interbank Financial Telecommunication), the global provider of standardized and secure messaging services to more than 9000 financial institutions in 209 countries and territories. Wipro has been selected to provide the technical qualification testing services for over 100 vendor applications that apply every year to the SWIFTReady Label program.
The SWIFTReady programme recognizes vendor products in their capacity to complement SWIFT messaging services, and to provide message processing automation in a SWIFT context. This certification is widely used and highly valued by SWIFT customers, helping them select third party products. Application vendors gain greater visibility and trust from the SWIFT community. Wipro will perform high end technical qualification testing, a vital component of the stringent SWIFT criteria around standards, connectivity and messaging services.
SWIFT operates the SWIFTReady programme to certify business applications and middleware compliance against SWIFT requirements, verify the expertise of SWIFT service providers, and validate security and resilience standards.
“We selected Wipro to perform technical tests on partner applications for the granting of the SWIFTReady labels”, says Patrik Neutjens, head of Partner Management at SWIFT. “Wipro displays the right level of expertise in terms of SWIFT Standards and financial workflows management. We are convinced that Wipro will provide the professional approach that we require for third party product validation. The program strengthens the SWIFTReady validation process and allows banks and corporate organizations to focus on their business domains while ensuring a strong compliance with SWIFT standards, messaging services and Alliance connectivity”
C P Gangadharaiah, Senior Vice President and Global Head of Testing Services, Wipro Technologies said “Wipro, being one of the pioneers of independent testing services for global clients, has made significant investments in developing test specific solutions, methodologies and tools. Leveraging an accumulated experience of 12+ years in Testing, Wipro delivers value added test life cycle services with a strong focus on the BFSI segment. SWIFT’s selection of Wipro’s Testing Services as their first and their only service provider, to provide technical qualification testing services is a clear approval of our capability and solutions.”
The scope of this alliance is expected to grow beyond the technical qualification testing in the coming years.
Wipro Technologies, has been cited by IDC Research Inc., an independent research firm, as a leader among Tier-1 Testing Services Providers in a July 2010 report titled “IDC MarketScape : Global Testing Services, 2010 Vendor Analysis. Wipro has been ranked as a leader in the Enterprise Application Testing and the Product Engineering space.
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application management, and datacenter managed services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a strong presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our website at www.wipro.com
About SWIFT (Society for Worldwide Interbank Financial Telecommunication)
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 9,000 banking organisations, securities institutions and corporate customers in 209 countries. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
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