Wipro’s Banking, Financial, and Insurance Salesforce practice provides real-time transactions with results, data security, and improves the customer experience.

Payments system transformation can enhance bank and customer relationships, as well as create new revenue streams.

Cash Management and Payments systems in Emerging Markets : Opportunities and Challenges

Never before have banks been subject to such high levels of scrutiny from their customers.

Increasing competition among banks in emerging markets requires local banks to launch products that conform to international practices, while simultaneously satisfying the demands of the emerging market customers.

With banking products becoming increasingly commoditized, Analytics can help banks differentiate themselves and gain a competitive edge.

Smart phones are redefining the contours of mobile banking, making transactions faster and more secure

The demand for cards management and transaction processing (CMTP) technologies and capabilities continues to grow. What options do I have? How should I approach the challenge? Who can I turn to for help?

An investor’s paradise to Financial Safety and Prosperity

Banking channels are at an inflection point as digital touch points are becoming a top priority for banks in their channel strategy.

Banks have evolved from a brick and mortar based distribution system to multi-channel set-up.

Collaboration for skip trace debt in Banking industry

While chatbots, undoubtedly, have some way to go before we see mass adoption, there is no doubt that they will gather pace.

As we near the end of 2016, Banks continue to form Blockchain consortium groups to develop platforms and test this technology, the most prominent being R3CEV, Hyperledger Project and the like.

Companies like Airbnb, Amazon, Alibaba, Uber etc. have caused major industry disruptions and have radically transformed customer experiences and interactions. They have set the stage for an inspired lot to fuel competition, drive up efficiencies across different industries and deliver higher value to customers.

The way to go for biometrics in banking. From single Authentication to Multi-channel options of verifying one’s identity.

This report highlights the power of collaboration between key partners and financial institutions as they meet the challenges of today’s capital markets. It looks at specific action items that came out of the Innovation Day and the tools and solutions that Wipro offers for meeting the needs of the bank’s testing team.

The case for cloud-based domain-driven microservices in the banking industry

The financial services industry, perched on a vantage point, is poised to take a hegemony in creating a new identity ecosystem.

Delivering a remarkable user experience for lenders and consumers

Organizations are under pressure to improve their financial crime compliance, while at the same time trying to reduce operational costs and improve customer experience.

Commercial banking, which has generally lagged in adopting newer technology, is now laser-focused on innovating customer experience. Many consider it a competitive differentiator.

Around the world, major industries are experiencing a phase of constructive disruptions.

Financial institutions have always needed to strike a balance between resiliency and growth, but their balancing act since 2020 has been unprecedented.

New Normal is an opportunity to industrialize technology and target operating models for finance, risk management and regulatory reporting at banks.

Real-time payment systems offer significant potential to accelerate growth and innovation in the payments industry. The advent of new-age technologies including 5G, Blockchain and IoT will support real-time payment systems to attain higher speed, rich context, connectivity, and security, while lowering the overall cost of transactions.

Real-time payment systems offer significant potential to accelerate growth and innovation in the payments industry. Instant payments, with low cost and irrevocability, yield systemic benefits for all parties in the transaction.

Trade Finance products and services have served as a critical enabler of global trade growth and economic development. The business has developed from a simple financial instrument that facilitates trade to a span of corporate offerings including finance.

#paperless #digitization

The financial services industry is going through a phase of disruptive transformation with the advent of contemporary technologies, changing consumer demands, new competitors, and, of course, COVID-19.

When the results of the 2020 ICC Global Survey on Trade Finance were released in July 2020, John W.H. Denton (AO), the General Secretary of the International Chamber of Commerce (ICC), said the survey “indicates that banks are highly optimistic about the long-term future of trade finance and are looking to invest further.”

Superannuation is a primary social security tool for Australians. As a compulsory retirement savings instruments for Australian citizens, superannuation funds play an important role for citizens as well as Australian economy.

Amid rapidly changing customer behavior, digital transformation in the banking industry

In virtually every industry, disruption has been the order of the day

The changing needs of corporate customers, increasing competition from fintech players, and the advent of new technologies are presenting banks with a unique opportunity to transform their cash management offerings and capabilities.

The catalysts for change include constantly changing customer preferences, a highly competitive landscape and the emergence of contemporary technologies.

These approaches are based on banks’ current DNA construct that is determined by their target customer segment, geographic presence, unique market proposition and internal systems.

These accelerators have been derived from Wipro’s experience with clients’ transformation projects and backed by our Wipro FullStride Cloud Services survey data.

Navigate the future of digital banking with Wipro and Microsoft

By definition, a central bank digital currency (CBDC) is a legal tender in digital form....

Mergers & acquisitions landscape and post-merger integration imperatives for the banking, financial services, and insurance firms of the Asia Pacific, Middle East, and Africa region

Cloud technology has gained maturity in recent years in both its service offerings and reliability....

Wipro’s industry-leading expertise in financial services and cloud consulting is powered by Wipro FullStride Cloud Services. ...

Well into the 21st century, many bank and lender contact centers continue to operate on top of legacy technology that is more than 20 years old and was designed largely to field phone calls. Today’s leading financial institutions know that it is imperative to move from manual call centers to digital-first, omni-channel contact centers.

The metaverse is poised to bring bold opportunities for banks and deliver valuable new services to customers.

To win in an open banking landscape, banks need to proactively define their role in the financial ecosystem to create new value for customers.

Open finance is an invitation for banks to create new partnerships and seize the future

We anticipate that 2023 will be a year of strategic tradeoffs. Banking leaders will need to carefully direct available revenue streams toward the transformation initiatives that promise the most long-term value.

How AI/ML and new approaches to payments will drive banking innovation

As the first real-time-payment (RTP) platform administered by the Federal Reserve Bank, FedNow promises greater optionality for end-users who have been using digital payment platforms like Zelle and US RTPS for close to half a decade.

The banking industry is well known for creating bespoke backends for each product or product type.

More banks than ever are considering and adopting real-time payments, particularly with the recent launch of FedNow.

Brokers are a crucial stakeholder in the loan origination journey for both regulated and unregulated lending products, including bridging loans, term loans, development loans, overdrafts, and mortgages.

Banking and financial services firms are accelerating their GenAI adoption trajectories.

Avtar Sangha and Darshana Vadgama explore four ways Wipro empowers organisations like Lloyds Banking Group, for real-world impact.

The financial services industry has long relied on mainframe systems to manage critical operations, including deposit accounts,

Digital lending has grown significantly in recent years, driven by fintech innovations that have transformed loan procurement and disbursement processes.

According to Gartner, around 22% of banks and investment firms have already implemented Generative AI (GenAI) solutions.

The ISO 20022 migration is not only standardizing financial communication – it is also prompting financial firms to reimagine data's role in payment transactions.

The banking sector is at the forefront of integrating artificial intelligence (AI) technologies, with leading banks investing heavily in AI.

With strategic planning and key operational enhancements, UK banks can make a smooth transition to the New Payments Architecture.

Banks are right to be excited about GenAI. It is poised to accelerate customer service, hyper-personalize customer relationships, streamline regulatory filings, and deliver efficiencies across all financial value chains.

Many banks rely heavily on user-developed applications (UDAs) and end-user computations (EUCs) to perform a wide range of functions that are beyond the capabilities of their core systems.