Wipro, Finastra tie up to help digitalise banks in the Asia-Pacific

Bengaluru: IT services firm Wipro Ltd. and software vendor Finastra have announced a partnership to aid digital transformation of corporate banks in the Asia-Pacific.

The companies will create a "unique" offering that combines Wipro's services catalogue with Finastra’s front-to-back trade finance and cash-management solutions, according to a joint statement released on Wednesday.,

According to a recent study by the London-based fintech firm, corporate banking clients have shifted their focus towards real-time execution capabilities, access to online platforms, and value-added services. In response, banks are moving away from traditional relationship management models to become digital platform players that can meet client needs in a faster, flexible and more agile way.


"The partnership will help banks make this transition quickly through access to Wipro's service portfolio, from consulting and digital to infrastructure and operations, and Finastra's leading solutions—Fusion Trade Innovation and Fusion Cash Management", the statement read.