22 Feb 2022 , 09:56 AM
Financial services leaders cite increased future revenues (62%) and improved future profitability (52%) as leading reasons to deploy cloud technologies, according to a new financial services study by Capco, a Wipro Company, the global technology and management consultancy, and Wipro Limited.
In the report — entitled Cloud’s Transformation of Financial Services — Capco and Wipro’s cloud experts take a deeper look at the financial services data collected in the Wipro 2021 global survey and report — Making Business Thrive: A Cloud Leader Roadmap for Achieving 10x ROI. The report identifies the key trends and opportunities ahead and offer insights to allow financial services institutions (FSIs) to become cloud leaders.
Wipro’s FullStride Cloud Services study incorporated 1,300 responses from C-suite executives and key decision-makers across 11 industries, of which 26% were drawn from financial services – specifically, banking, insurance and capital markets, including wealth advisory and asset management firms.
Looking exclusively at the financial services and insurance-related dataset within the main study, the new findings include:
The top three ways COVID has impacted the operations of FSIs:
At around 9:58 AM, Wipro was trading at Rs563.80 apiece down by Rs6.85 or 1.2% on Sensex.
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