Banks face an unprecedented urgency to change.

In highly-profitable segments, where investment and innovation have lagged, fintech companies are gaining popularity and racing to steal business from established firms. Customers today don’t care about bankers’ hours; they want instant banking at any time, and they want it personalized, flexible, and mobile.

The successful banks of the future will share four key characteristics:

1. They will offer a personalized, unified, one-bank experience that adapts to the customer.
2. They will earn the trust and loyalty of their customers.
3. They will leverage intuitive, modern technology; simplify their core infrastructure; and boost agility while lowering opex.
4. They will build to be future-ready and sustainable.

To access this future, banks need to harness the power of the cloud, but large-scale cloud migrations can be challenging. Wipro understands the complexities and is skilled in migrating thousands of applications along with the supporting infrastructure and security features to the cloud without compromising security, compliance, or risk-management.

Wipro FullStride Cloud Services

In July, Wipro announced the launch of Wipro FullStride Cloud Services and its commitment to invest $1 billion in cloud technologies, capabilities, acquisitions and partnerships over the next three years. As the cloud opportunity accelerates, Wipro FullStride Cloud Services brings together the full portfolio of Wipro’s cloud-related capabilities, offerings and talent to better orchestrate the cloud journey for clients.  This commitment builds on Wipro’s existing and extensive cloud business with clients and significantly expands the investment with its partners and hyperscalers, creating industry solutions that accelerate results for mutual clients. Wipro has seen consistent growth in its cloud business and today employs over 79,000 cloud professionals and more than 10,000 people certified by the leading cloud service providers.

Over the past 12 months, Wipro has announced significant cloud-related wins with Telefónica Germany / O2, Verifone, and E.ON in addition to METRO AG, one of the largest deals in Wipro’s history. 

What does the journey ahead look like for banks? With our combined expertise in cloud and banking, enhanced by Wipro’s recent acquisition of Capco, we aim to be the partner of choice for your transformation.