The IT major on Wednesday announced a partnership with Finastra to help corporate banks across Asia Pacific accelerate their digital transformation.The companies will create a unique offering that combines Wipro s comprehensive services catalogue with Finastra s front-to-back trade finance and cash-management solutions.
A recent Finastra study showed that corporate banking clients have shifted their focus towards real-time execution capabilities, access to online platforms, and value-add services. In response, banks are moving away from the traditional relationship management model to become digital platform players that can meet client needs in a faster, flexible and more agile way. The partnership will help banks make this transition quickly through access to Wipro s service portfolio, from consulting and digital to infrastructure and operations and Finastra s leading solutions namely Fusion Trade Innovation and Fusion Cash Management.
Wipro and Finastra Partner to Accelerate Digital Transformation in Transaction Banking equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Resilience at It s Best
Over the last year, Indian IT companies have struck some of their biggest deals ever, and have stayed resilient amid testing circumstances
Illustration by Raj Verma
It was probably the most traumatic year for the company, because we had grown in size, Kris Gopalakrishnan, Chairman, Itihaasa Research and Digital and Co-founder, Infosys, spoke about the global financial crisis that broke out soon after he took over as Infosys CEO in 2007, in a video posted on Itihaasa. Everything was going fine and that year we grew by about 35 per cent. Then, suddenly the world around us collapsed. In the following two fiscals, Infosys grew at 11 per cent (FY09) and 3 per cent (FY10). After three years of slow growth, the company recovered in FY11 with 26 per cent annual revenue growth.
India: Wipro to buy UK consultancy Capco for $1.45b
Photo: Reuters
March 5, 2021
Wipro Ltd on Thursday said it has agreed to buy British consulting firm Capco for $1.45 billion in cash, in the company’s biggest bet since it was founded.
Capco has a team of more than 5,000 business and technology consultants across 30 locations, and is expected to bolster Wipro’s position in the financial services industry, which contributes about 30% to the company’s revenue, the Bengaluru-based company said in a statement.
“Together, we can deliver high-end consulting and technology transformations and operations offerings to our clients,” said Thierry Delaporte, chief executive officer and managing director of Wipro.