Wipro launches Innovation Experience for Financial Services on Microsoft Cloud

Wipro, an Indian technology services and consulting company, has launched the Wipro Industry Innovation Experience for Financial Services on Microsoft Cloud to address the market challenges faced by today’s financial institutions.

This virtual platform offers a suite of banking and financial services solutions built on the reliable infrastructure of Microsoft Cloud.

By combining Microsoft Cloud capabilities with Wipro FullStride Cloud and leveraging the deep domain expertise of Wipro and Capco in financial services, Wipro aims to collaborate with Microsoft in developing innovative solutions. The goal is to help financial services clients accelerate growth and strengthen client relationships.

Bill Borden — Microsoft Corporate Vice President of Worldwide Financial Services said: “Using Microsoft Cloud for Financial Services, Wipro has delivered a variety of new, innovative solutions that will help financial institutions speed time to value and drive sustainable growth.

“We’re excited that our joint customers can now test drive them via Wipro’s virtual Industry Innovation Experience for Financial Services.”

Wipro launches Industry Innovation Experience for Financial Services, powered by Microsoft Cloud. Photo courtesy of Rameshng/Wikimedia Commons.

The Wipro Industry Innovation Experience for Financial Services provides financial services firms with an immersive 3D environment to explore new solutions. Some of the solutions currently available in the Experience include addressing financial crime prevention, loan origination, core banking system transformation, and maximizing cloud investments.

The suite of solutions offered within the Wipro Industry Innovation Experience for Financial Services comprises several notable offerings. The Core Banking Transformation solution empowers banks to overcome legacy challenges and adopt NextGen banking capabilities. The Intelligent Volume Optimization and Risk Management (IVOR) solution leverages AI to enhance anti-money laundering operations, making them more accurate, efficient, and cost-effective.

The NetOxygen solution is a cloud-based loan origination solution that streamlines the lending process, providing an automated, end-to-end experience that scales cost-effectively. Lastly, the FinOps solution enables banks to optimize their cloud investments, drive innovation, and achieve efficient cloud operations and management.

The launch of the Wipro Industry Innovation Experience for Financial Services showcases Wipro’s commitment to transforming the financial services sector. By harnessing the power of Microsoft Cloud and combining it with their industry expertise, Wipro aims to revolutionize banking operations, enhance efficiency, security, and the overall customer experience.

Harpreet Arora — Wipro Senior Vice President and Global head of BFSI Domain and Consulting said: “By combining Microsoft Cloud with Wipro FullStride Cloud‘s portfolio and deep financial services expertise, we are uniquely positioned to offer clients transformative solutions to tackle their biggest challenges and deliver tangible business outcomes.

“This Innovation Experience in partnership with Microsoft will also foster and speed up the collaboration that is necessary to continuously help our clients.”