Company Overview

Wipro Limited is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. With over 250,000 employees and business partners across 66 countries, Wipro delivers on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.

Wipro’s Finacle expertise is centered around:

  • Consulting & advisory
  • Implementation and support of core banking & surround applications
  • End-to-end turnkey engagements across applications & infrastructure

Wipro and Finacle

Wipro and Finacle have two decades of strong partnership in implementing Finacle Core Banking Solutions. Highlights include:

  • Dedicated Finacle COE with 200+ technical and functional resources
  • Expertise in Finacle 10.x and 11.x versions implementation, support and customizations
  • Customization, integration and quick resolution capabilities
  • Robust testing methodology in core banking implementations along with test case repository across the lifecycle of different products and processes within Finacle
  • Accelerators across upgrades, automation and data migration – key reusable components in the areas of customer convenience, operations and regulatory and compliance e.g., Locker modules, KYC customizations
  • Wipro’s proprietary BIAB (Bank-In-A-Box) solution has helped fast-track the overall implementation process by 15-20% and has helped significantly reduce overall timelines for critical phases such as DRG, BPD, Testing & ST/SIT
  • Finacle comes with extensive Open API repository. Wipro, with its deep digital capabilities and strong fintech partner eco system, leverages these APIs to bring agility and co-innovation to deliver superior results for our customers

Digital Transformation of Indian Co-operative Banks

Wipro led the end-to-end digital transformation and implementation of Finacle Core Banking and allied applications at multiple Co-operative Banks in India. Key client benefits include:

  • Reduction in overall TCO by 25-30% as result of this amalgamation & digital transformation exercise
  • Ability to offer innovative pricing mechanism (flexible pricing structure for CASA & Lending products) in a few hours improving customer stickiness, better product proposition and improving overall product profitability
  • Turnaround time for Gold loan process reduced from weeks to 3 minutes

This project involved not only an upgrade of Finacle Core Banking Solution (CBS) but also the migration of 4 Non-Finacle CBS Banks to Finacle CBS within a stringent timeline, thus adding significant complexity. Wipro, with its deep experience of managing such large complex programs, ensured Business-as-Usual while migrating and unifying the platforms and standards without any negative impact to the end customer.

Srivatsan V (Global Core Banking Practice Head, Wipro)

Digital Transformation of Indian Co-operative Banks

Digital Transformation of Indian Co-operative Banks

Wipro led the end-to-end digital transformation and implementation of Finacle Core Banking and allied applications at multiple Co-operative Banks in India. Key client benefits include:

  • Reduction in overall TCO by 25-30% as result of this amalgamation & digital transformation exercise
  • Ability to offer innovative pricing mechanism (flexible pricing structure for CASA & Lending products) in a few hours improving customer stickiness, better product proposition and improving overall product profitability
  • Turnaround time for Gold loan process reduced from weeks to 3 minutes