With 2022 behind us, we reflect upon a year that brought new opportunities, partnerships, and successes. We invested heavily in technology, such as Wipro FullStride Cloud Services, to help our clients leverage business opportunities, and we announced strategic partnerships to provide our clients with the best solutions while leveraging the strengths of both organizations. Wipro also received continued recognition in 2022 as an Employer of Choice and strengthened philanthropic and sustainability pursuits. In 2023, we will keep innovating and developing solutions that help our clients and our employees navigate change, thrive in an increasingly digital world, and continue to forge a more sustainable future for all.
Prioritizing Clients
At Wipro, we work with various companies, from local and regional to global and industry leaders. We are honored to be a part of their success stories. Producing real results for our clients is incredibly gratifying. We take pride in hearing that our work has contributed to our client's growth and profitability.
Client engagement is a priority at Wipro. We were happy to return to in-person meetings to engage with our clients face-to-face. We opened our locations around the globe, inviting clients to interact with the teams working on their accounts. Clients visited our innovation centers, technology engineering studios, our campuses, and town halls, and we worked to turn these visits into memorable experiences.
Wipro Engineering Studio inauguration to support our clients
Team at the Money 20/20 conference
Team at the Money 20/20 conference
The FINOS Open Source in Finance Forum
Insights, Solutions, and Innovations
We showcased various themes and solutions in 2022, including cloud transformation, modernization, cyber security, data analytics, and artificial intelligence, and we have strong channels to take these themes to our clients and the markets. Our investments in Wipro FullStride Cloud Services have increasingly become imperative for businesses of all types — taking a front seat on the CEO's agenda. Wipro FullStride Cloud Services research shows that firms leveraging the cloud transform every aspect of business and drive 10X ROI.
Wipro Banking and Financial Services (BFS) team is committed to providing world-class thought leadership and insights to our clients monthly. Wipro offers various solutions for our clients, valued partners, and service providers. We want to keep our clients ahead of the curve by offering the right combination of people, processes, and technology. Wipro's Always On Campaigns and account-based outreach programs provide thought leadership for banks and payment companies with customized content and insights through newsletters, social media, and other initiatives. Through digital ads, Wipro shares insights in various industry trade publications, including American Banker and Banking CIO Outlook, providing subject matter expertise on various themes, including cloud, cyber security, and end-user computing.
Acquisitions and Partnerships
In 2021, Wipro acquired Capco, a global banking and financial services management and technology consultancy company, making it one of the largest providers of integrated, end-to-end consulting, digital, cloud, and IT transformation services. The acquisition promises to expand our capabilities in the banking and financial services market while bringing us closer to more customers worldwide.
In 2022, Wipro acquired Rizing, combining Wipro's global scale with Rizing's industry expertise and SAP consulting capabilities. Additionally, Wipro acquired Edgile to strengthen its leadership in strategic cybersecurity services.
Wipro collaborates with its partners to provide clients with the best solutions while leveraging the strengths of both organizations. Wipro also produced several joint thought leadership assets with partners, including an eBook with Microsoft, titled: Re-imagine the Future of Financial Services
We participated in the Informatica Cloud Modernization Data Day for Financial Services featuring James Jeude, Practice Leader, Data and Analytics Advisory at Wipro, and James McGeehan, Head of Financial Services Industry at Snowflake. The webinar's objective was to discuss how financial services organizations leverage modern cloud data platforms for their top business priorities and what it takes to realize measurable business value from those investments.
Employer of Choice
In 2022, Wipro was named "Top Employer in North America" by the Top Employers Institute. Wipro's effective use of technology to streamline processes, career development focus, ongoing support for employees' emotional and mental well-being, and efforts to provide employees with flexibility in where and how they work are contributing factors that make Wipro a top employer of choice.
The character of Wipro that makes it a great place to work is fueled by the Spirit of Wipro, which consists of four tenets:
First is a dedication to being passionate about our client's success, which inspires us to innovate and build new solutions to help our clients navigate change and thrive in an increasingly digital world. We also strive to be global and responsible by continuing to develop our presence through strategic investments and prioritizing the health and well-being of our communities. One example is our work with the Azim Premji Foundation, which provides COVID-19 relief, invests in sustainable business practices, partners with schools to support early career development, and offers training to help employees keep up with industry changes and new technologies. We treat each person with respect, working to deliver the highest quality services to our customers and supporting our employees. We demonstrate unyielding integrity and take great care to weave our company's values throughout everything we do — our work with clients and our internal teams, community outreach, and sustainability initiatives.
The Diversity of Wipro.
We are a global company that attracts, develops, and retains a productive and diverse talent base of 250,000-plus employees representing 133 nationalities across 66 countries. This diversity helps us remain innovative, adaptable, and connected to the communities in which we operate — and we remain dedicated to promoting equity and inclusivity in all we do.
We integrate diversity into our work, encourage employees to be their authentic selves, and provide sustainable work environments free from discrimination and harassment. For example, Wipro's LGBTQ+ inclusion efforts are guided by the PRIDE framework, which emphasizes promoting an equitable workplace, reviewing policies to make them more inclusive, driving change through awareness sessions, and engaging with allies while building a strong employee network.
Our Commitment to Sustainability.
Wipro is committed to creating a humane, sustainable, and resilient future for all. We have pledged to reach planetary Net-Zero Greenhouse Gas emissions targets by reducing emissions to zero by 2040 and attaining a 55 percent reduction by 2030. As a founding member of Transform to Net Zero, Wipro is committed to contributing to the planetary zero carbon emissions journey by making sustainability the core of our business model today. As a leader in sustainability, Wipro strives to help companies monitor their sustainability progress and identify ways to reduce waste, preserve resources, and reduce their carbon footprints to help them build a more sustainable future.
Industry Recognition
In 2022, Wipro was recognized by several top industry analysts for its work in banking and financial services. We were named leaders in digital banking, open finance IT services, cloud services, IT services, and loan origination.
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Overall, 2022 was a great year as we made new connections, new acquisitions, and new partnerships. We moved closer to our sustainability goals and worked harder to integrate diversity into our work. In 2023, we look forward to new challenges, further leveraging our partnerships, growing our business, and discovering more ways to bring the Spirit of Wipro to our clients.
Mahesh G. Raja
Senior Vice President & Sector Head - Banking and Financial Services, Americas
Mahesh is Wipro’s Banking and Financial Services industry leader supporting top-tier full-service banks, large payments, and Fintech clients across US and Canada with P&L responsibility. He leverages Wipro’s Digital, Fintech/New Age ecosystem, which includes developing partnerships with leading Fintech players, helping clients assess the Fintech ecosystem and potential implications to their business, and bringing solutions to clients through alliances and implementation.
