Wipro ranked #4 in HFS Research's Top 10 Banking and Financial Services Report

15 Feb 2022 , 09:45 AM

Wipro Limited has announced that it was ranked #4 in HFS’ Top 10: Banking and Financial Services – The Best of the Best Service Providers report, which evaluated the capabilities of the world’s top providers of banking and financial services.

The study evaluated the capabilities of providers across the HFS Banking and Financial Services (BFS) value chain based on execution, innovation, voice of the customer (VOC), and a new criteria for 2021, alignment with the HFS OneOffice model, which is HFS’ vision for digital transformation.

The Capco acquisition, which added more than 6,000 financial services experts and many of the world’s leading financial institutions to Wipro’s client roster, was a significant factor in Wipro’s strong showing in the report.

Consulting-driven transformation, anchored by the Capco acquisition, led Wipro to be ranked #1 in the growth category, #2 in strategy and vision, and #2 in depth and breadth of capabilities. The Capco acquisition, announced in March 2021, is Wipro’s biggest yet.

“Our continued investment in our banking and financial services capabilities, reinforced by our recent acquisition of Capco, continue to set us apart in the marketplace,” said Harpreet Arora, Vice President, Wipro Limited.

“As we enhance our capabilities and become the engine behind our customers’ digital journey, our services and solutions are increasingly critical to driving business outcomes and exceptional digital experiences for our customers. We are thrilled to receive this recognition from HFS.”

Commenting on Wipro’s recognition, Elena Christopher, Research Leader, Financial Services, HFS Research said, “We congratulate Wipro on a strong performance. Wipro showed notable strides during the assessment period including its biggest ever acquisition with Capco, strong results from no-longer new CEO Thierry Delaporte, a simplified operating model that’s helping amp customer engagement and enabling end-to-end solutions.

Wipro’s BFS business is really the poster child for the revitalization the company is undergoing and its continued focus on offering end-to-end capabilities with well-oiled delivery capabilities.”

At around 9:46 AM, Wipro was trading at Rs553.15 apiece up by Rs11.25 or 2.08% on Sensex.