Wipro Limited, a global information technology, consulting and business process services company, and Finastra, a pure-play software vendor that serves the financial services industry, have announced a partnership to help corporate banks across Asia-Pacific accelerate their digital transformation.
The companies will create a unique offering that combines Wipro’s comprehensive services catalogue with Finastra’s front-to-back trade finance and cash-management solutions, according to a statement.
Luc Hovhannessian, Managing Director for Asia Pacific at Finastra said, “Wipro’s mature portfolio of services and deep experience in implementing Finastra’s solutions are a perfect complement to our offering, making it a natural partner for us in APAC. It has never been more important for financial institutions to innovate digitally, but transaction banking is an area where many banks are playing catch-up. This strategic partnership is the continuation of years of collaboration with Encore Theme Technologies, now part of Wipro, creating an offering that will help banks accelerate their digital transformation, driving competition and increasing innovation in the industry.”
Harpreet Arora, Vice President, BFSI Domain & Consulting Head, Wipro Limited added, “This partnership is in line with our continued efforts to strengthen our presence in Asia-Pacific and drive digital transformation. Having recently acquired Encore Theme Technologies, a specialist in implementing Finastra’s trade finance solutions, this agreement is a logical next step in deepening our mutually beneficial partnership.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.