Wipro, Finastra partner to power digital transformation for banks

Wipro Limited, a technology services and consulting company, and Finastra, a global provider of financial software applications and marketplaces, have announced a partnership in India to help corporate banks accelerate digital transformation by deploying Finastra’s leading solutions.

This partnership combines Wipro’s expertise across consulting, digital, infrastructure and operations with Finastra’s cutting-edge solutions to deliver modern API enabled platforms for banks to innovate, streamline and digitize core trade finance processes, while reducing cost overheads.

Wipro Logo

This multi-year partnership makes Wipro the exclusive implementation and go-to-market partner for all banks in India for Finastra’s Fusion Trade Innovation and Fusion Corporate Channels. Wipro is also one of Finastra’s preferred global partners for its Cash and Liquidity Management solutions.

Satya Easwaran, Country Head – India, Wipro Limited, said, “Corporate banks in India are increasingly looking at moving from the traditional manual and offline model to real-time execution, online platforms, and value-added services. With our exclusive partnership with Finastra, we can help our banking clients transform into truly digital platform players in trade and supply chain finance, with the ability to anticipate end-customer needs and respond in a much more agile and flexible manner. We are excited to bring together Wipro’s deep domain expertise in Banking with Finastra’s leading product suite.”

Manish Joshi, Managing Director, Lending, APMEA, Finastra, said, “Wipro’s diverse service portfolio and deep experience working with clients in India makes them an ideal partner for Finastra. India is a key growth market for Finastra and working together with Wipro will enable us to rapidly extend our reach in the country, enabling our solutions to help even more organizations realize the benefits of digital transformation.”

Edward Sweigart, Vice President, Global Partner Ecosystem, Finastra, said, “Wipro has long been a key global partner for Finastra, with significant and broad experience built in that time. Banks and financial institutions will now be able to leverage the combination of this experience and Finastra’s leading solutions, which will help them to transform, grow, and better serve their customers.”

Harpreet Arora, Global BFSI Domain & Solutions Head, Wipro Limited, said, “The strengthening and expansion of our partnership with Finastra is fundamental to driving the digital transformation agenda for corporate banks and financial services companies in India. Wipro’s acquisition of Encore Theme Technologies, a specialist in implementing Finastra’s trade finance solutions, continues to augment our deep and differentiated capabilities, and this partnership will solidify our presence across Asia Pacific further.”

Wipro has several decades of strong presence and credibility in the India market. India is one of the six focus regions that comprise Wipro’s APMEA (Asia Pacific, Middle East, India and Africa) Strategic Market Unit. In line with the ambition to drive sustainable business growth and deliver higher value to clients in this region, Wipro continues to strengthen its consulting capabilities, while focusing on innovation, talent and ecosystem partnerships to offer experience-led transformation.

ChannelDrive Bureauhttp://www.channeldrive.in
ChannelDrive Bureau covers the latest developments in the space of ICT, technology, solutions and implementations and delivers content focused around solution providers, system integrators, distributors and technology partner community in India. ChannelDrive Bureau is headed by Zia Askari. He can be reached at ziaaskari@channeldrive.in

Recent Articles

R Systems Acquires Velotio to Drive Product Engineering

R Systems, a digital product engineering company, has signed definitive agreements to acquire Velotio, an India-based product engineering and digital solutions provider. With a team...

Saudi Arabia’s MoMRAH Picks CamCom to Tackle Visual Pollution

The Kingdom of Saudi Arabia (KSA) via the Ministry of Municipal, Rural Affairs and Housing (MoMRAH) signed an agreement with Indian Artificial Intelligence (AI)...

Tempt India partners with Staunch Electronics to manufacture power banks

Tempt, an audio technology and lifestyle accessories focused brand, has announced its strategic partnership with Staunch Electronics India, a renowned electronics manufacturing company. The...

Wind River Launches Free Linux Security Scanning Service

Wind River, a global enabler in delivering software for mission-critical intelligent systems, has introduced Wind River Studio Linux Security Scanning Service. The service, currently available...

Wipro Unveils Immersive Innovation Experience for Financial Services with Microsoft

Wipro Limited, a technology services and consulting company, has launched the Wipro Industry Innovation Experience for Financial Services, featuring a new suite of banking...

Related Stories

Stay on op - Get the daily news in your inbox