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Wipro partners with Finastra to boost digital transformation of corporate banks

Wipro will be the sole implementation and go-to-market partner for all banks in India for Finastra's Fusion Trade Innovation and Fusion Corporate Channels under this multi-year agreement.

September 21, 2022 9:44 IST | India Infoline News Service
Wipro Limited announced a partnership in India to help corporate banks accelerate digital transformation with the help of Finastra’s leading solutions.

This collaboration combines Wipro's consulting, digital, infrastructure, and operations capabilities with Finastra's cutting-edge technologies to create contemporary API-enabled platforms enabling banks to innovate, simplify, and digitise essential trade finance processes while lowering cost overheads.

Wipro will be the sole implementation and go-to-market partner for all banks in India for Finastra's Fusion Trade Innovation and Fusion Corporate Channels under this multi-year agreement. Wipro is also a preferred global partner for Finastra's Cash & Liquidity Management solutions.

"Wipro's extensive service offering and strong expertise working with customers in India make them an appropriate partner for Finastra," said Manish Joshi, Managing Director, Lending, APMEA, Finastra.

“Finastra sees India as a critical growth market, and our collaboration with Wipro will allow us to swiftly expand our presence in the nation, allowing our solutions to assist even more enterprises achieve the advantages of digital transformation," he added.

Wipro is enjoying a strong presence and repute in the Indian market for several decades. Wipro's APMEA (Asia Pacific, Middle East, India, and Africa) Strategic Market Unit includes India as one of six key regions.

At around 9.47 AM, Wipro was trading at Rs402.65 down by 0.57% from its previous closing of Rs404.95 on the BSE. The scrip opened at Rs404.95 and touched intraday high and low of Rs406 and Rs402.25 respectively.

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