Pursue digital transformation along with simplification and automation to efficiently run IT and operations across front to back processes
Our Securities and Capital Markets Vertical provides simplification and automation of IT and operations across Investment Management and Asset Servicing, Global Markets, Wealth Management, Data Management, Post-trade Services and Risk and Compliance. Clients leverage our tools, accelerators and 30,000 man years of experience delivering predictable and consistent design and engineering to buy-side, sell-side and market infrastructure firms. Among the more recent implementations, our solutions have resulted in a four-fold jump in transaction capacity (for a leading Latin American bank), reduction in IT infrastructure provisioning time from 52 days to a few minutes (for a large custodian bank in the US ) and over half of billion dollars of savings through a managed services program (for a leading global asset servicing firm)
"European financial services major slashes IT spend by about 70% via rollout of a single
analytics and business development platform across 30 booking centers"
Everest Group recognized Wipro for its robust delivery capability and market success through differentiated services like IP products, co-innovation and platform-based solutions
Everest Group recognized Wipro for its strong capabilities across scope and delivery, varied global presence, multiple delivery locations and utility-based offerings
Finance and liquidity reporting platforms can deliver regulatory compliance, valuable insights, and impressive outcomes – if they can access timely and accurate data.
Member firms are encouraged to strengthen their compliance and reporting frameworks to combat increased threats from fraud, cybercrime, and other financial criminals.
Wealth management services are no longer the exclusive province of high net-worth individuals. Increasingly, wealth managers are scaling their businesses by chasing mass affluents.
The wealth management industry witnessed major changes in industry structure and business models over the past decade. Technology, industry convergence, and the shift toward hyper-personalized digital solutions ensured significant shifts in the competitive landscape leading into the 2020s.
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
The global capital markets industry is undergoing a consolidation spree as the potential for organic growth has become increasingly limited. The shift from active to passive investing and the rise of zero-commission trading are putting immense fee pressure across the value chain. Moreover, the sophisticated needs of customers and ever-increasing regulations are compressing margins.
The rapid proliferation of internet-enabled devices, omnipresent high-speed connectivity, and the accelerated shift from websites to applications has significantly impacted consumer buying behaviors, particularly among the younger generations and “digital natives.
The 2007-09 financial crisis prompted traditional investors to make alternative assets a prominent part of their investment portfolio. The main reasons for this shift to alternate asset classes was due to low correlation with equities and bonds, diversification, greater alpha, and hedge against inflation.
Leaders in capital markets can emerge from the COVID-19 crisis with a new strategic vision, future-proofed business models, and stronger market franchise enabled by digital customer value propositions and scaled-up market presence.
Covid-19 has widely impacted all the industries across the globe and financial services sector is no exception, even leading the bearish volatility haste. The sector is enormously impacted, which is consequential of its correlation with the broader economy and its activities, and enslavement on all other sectors activities, oscillating from financing to spending to savings
Technology has been the driver of efficiency and cost reduction across most value chains, capital markets and alternative asset management industry are no different.
Cloud is the key transformation lever as Capital market firms balance their IT spend across regulatory compliance, legacy modernization, and engineering of customer experience / journeys to achieve a competitive edge.
The capital markets industry, today, finds itself in a transitional period where it has the opportunity to adapt to the digital trends and technologies as well as innovate with new age / tech driven business models and products/services
The growth of security solutions is outpacing IT spend globally due to the rapid proliferation of digital, increasing regulations on security, risk and data privacy, and the growing volume of cyber threats. There has been a surge in the number of threat vectors and vulnerabilities in enterprise networks, thereby increasing cybersecurity risk exponentially
ICO’s (Initial Coin offering) was introduced in the market with huge aplomb. The sole purpose being the issuance of digital coins that would streamline the exchange process and reduce costs considerably. However, over time, scams and hacks has taken over the news and with that taken away the ‘trust’ factor. Interestingly, the Top 10 biggest ICO scams managed to fraud with $ 687.4 million (Source: Finance Monthly) which is 50% of the GDP of Seychelles and Gambia
The Global Capital markets is still recovering from the 2008 crisis; the regulatory burden has sapped the energy out of capital markets. In US alone, Wall Street is seen as the quagmire for gambling and loss by political pundits, however significantly, capital markets fund 65% of the US economy therefore the dependency on capital markets as whole is something that cannot be ignored
With the advent of Blockchain, capital markets firms already have the next level of disruption within sights and many of the traditional challenges could well be addressed by the technology behind bitcoin
Cloud is the key transformation lever as Capital market firms balance their IT spend across regulatory compliance, legacy modernization, and engineering of customer experience / journeys to achieve a competitive edge.
Wealth management firms are considering digital strategies to modernize their go-to approach, meet customer expectations and increase business profitability. The industry is experiencing strong headwinds due to high cost and regulatory pressures, evolving investor preferences driven by ongoing demographics shift, and increased competition from passive funds.
Capital markets firms are transforming into tech companies that happen to do finance. As they innovate in the cloud, they need to build their future with nimble data modernization accelerators.
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