Wipro wins multi-million-dollar contract from Kerala State Co-op Bank

Wipro Limited has bagged a multi-year and multi-million-dollar worth technology transformation engagement contract from Kerala State Co-op Bank (Kerala Bank).

The scheduled state-owned co-operative bank in India presently has 15 different core banking environments to run, with each of them having five different core banking solutions.

Rajesh AR — GM of Kerala State Co-op Bank IT and Digital Banking said: “We see IT modernization as the key driver for achieving business transformation and growth. An integrated IT landscape comprising of best-in class Core Banking and allied solutions will not only enable seamless information flow but will also help achieve high performance and scalability in our operations.

“We are delighted to be partnering with Wipro for this long-term engagement, given Wipro’s consistent track record, leadership position in India and strong IT and people processes.”

As part of the contract, Wipro will implement a consolidated, common banking platform, that will offer more than 20 allied solutions, with the aim of streamlining the adoption of technology and providing an enhanced customer experience.

The Indian IT services company Wipro will also establish a data center, a disaster recovery (DR) center, a near DR and command center. These centers will implement the most current cybersecurity frameworks of the Reserve Bank of India, and offer facility management services over a duration of five years.

Sanjay Jaireth — Head of Wipro BFSI India (SRE) said: “Wipro has been engaged with Kerala Bank and is providing core banking services to multiple District Co-operative Central Banks (DCCB) for many years. This extensive experience uniquely positions us to deliver this complex program which redefines customer experience while ensuring security for clients of Kerala Bank.”

Currently, Wipro is said to be working with more than 100 DCCBs in 12 Indian states.