Wipro Limited, a leading global information technology, consulting and business process services company, and ASG Technologies, a global provider of information access, management and control solutions, today announced an expanded partnership that integrates the offerings of Wiproโs Data Management Centre of Excellence (CoE) with ASGโs Enterprise Data Intelligence solution to improve compliance for the global financial services companies.
A host of regulations, such as the Basel Committee on Banking Supervision (BCBS) 239, aim to bolster the risk data aggregation capabilities and internal risk reporting practices of banks, and are driving technology spending in the financial risk and compliance domain.
ASGโs Enterprise Data Intelligence solution addresses compliance by providing an end-to-end view of an organizationโs information estate to improve data visibility, analysis and understanding. Wiproโs service offering ensures that data is reported in a reliable and consistent manner across the business. As a result, global businesses in the financial services sector can respond to compliance requests in a timely manner and with confidence in the accuracy of their data.
โThe demand of ever-expanding regulations and its economic impact drive businesses to focus on compliant information governance and transparent data management,โ said Charles Sansbury, President and Chief Executive Officer, ASG Technologies. โCombining the deep domain knowledge of Wiproโs risk and compliance domain team with our powerful data lineage tool will deliver an exceptional solution for major financial institutions as they address their regulatory challenges.โ
Wipro has signed a global value-added reseller (VAR) agreement with ASG. With this agreement, Wipro will have a non-exclusive license to sell the ASG Enterprise Data Intelligence solution worldwide to its customers.
The two companies will work together to offer consultancy services on BCBS 239 and data lineage as a service, which will help financial services customers meet compliance guidelines, and align critical business controls to the data supply channel.
โCompliance with regulatory reporting requirements is critical for financial institutions. This partnership enhances Wiproโs leadership position in risk and compliance services, and strengthens our ability to support global financial institutionsโ compliance initiatives,โ said Pallab Deb, Vice President and Head โ Analytics, Wipro Limited. โOur solution, when integrated with the ASG Enterprise Data Intelligence solution, enables customer data lineage, traceability, data quality and metadata management, which are critical for regulatory compliance.โ