Wipro Positioned as a 'Leader' in Lending Services Operations PEAK Matrix® Assessment 2024

Everest Group’s 2024 PEAK Matrix® for Lending Services Operations evaluates 30 top providers, and Wipro is pleased to be recognized as a Leader.

“Wipro's extensive offerings across lending operations, combined with its comprehensive set of technology solutions, have enabled the company to effectively navigate the challenges in the lending operations market,” says Sahil Chaudhary, Practice Director at Everest Group.

“Wipro’s partnership with Xceptor has facilitated the reduction of cost and cycle time by automating the loan origination process. Wipro’s investment in NetOxygen, the development of proprietary AI platforms through Wipro ai360, as well as its BPaaS solution suite, have all contributed to its recognition as a Leader in Everest Group’s Lending Services Operations PEAK Matrix® Assessment 2024.”

Everest Group has called out a few key strengths:

• Wipro has developed an extensive set of offerings across lending operations, due diligence, loan trading, originations, and servicing. The offerings are complemented by its comprehensive set of technology solutions.
• Its ongoing advances in NetOxygen, its proprietary loan originations system, have facilitated the development of BPaaS (Business-process-as-a-Service) solutions, enhancing its ability to meet its growing need for technology-led solutions along with platform digitalization for its client.
• Wipro has established its nearshore delivery footprint in Mexico to meet the growing demand from the LATAM region.
• Its partnership with Xceptor has helped in automating the loan origination process, with an enhanced accuracy leading to a significant reduction in the cost and cycle time.
• It has invested in Wipro ai360, a step towards developing advanced AI platforms, cloud, analytics, and consulting capabilities.