Listen to this Article
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, announced that it has secured a multi-year contract from Kerala State Co-op Bank (also known as Kerala Bank), a scheduled state co-operative bank in India, established by the Government of Kerala.
Kerala Bank currently runs 15 different core banking environments with five different core banking solutions. As part of this multi-million-dollar strategic engagement, Wipro will implement a consolidated, common core banking system for the bank, provide over twenty allied solutions, aimed at streamlining technology adoption and enabling a superior customer experience. Wipro will also set up a Data Centre, Disaster Recovery Centre, Near DR (Disaster Recovery) and command centre, implement the latest Reserve Bank of India cybersecurity frameworks, and provide facility management services for a period of five years.
Sanjay Jaireth, Head – BFSI India (SRE), Wipro Limited said, “Wipro has been engaged with Kerala Bank and is providing core banking services to multiple District Co-operative Central Banks (DCCB) for many years. This extensive experience uniquely positions us to deliver this complex program which redefines customer experience while ensuring security for clients of Kerala Bank.”
“We see IT modernization as the key driver for achieving business transformation and growth. An integrated IT landscape comprising of best-in class Core Banking and allied solutions will not only enable seamless information flow but will also help achieve high performance and scalability in our operations. We are delighted to be partnering with Wipro for this long-term engagement, given Wipro’s consistent track record, leadership position in India and strong IT and people processes,” said Shri Rajesh AR, GM – IT & Digital Banking, Kerala Bank.
Wipro is currently engaged with over 100 DCCBs across 12 states in India. With over 25 years of experience in providing technology services & solutions to the Banking industry, Wipro has consolidated its position across all Banking segments in India, including Schedule Commercial Banks, Regional Rural Banks, Co-operative Banks and the latest Small Finance and Payment Banks.
India is one of the six focus regions that comprise Wipro’s APMEA (Asia Pacific, Middle East & Africa) Strategic Market Unit. With several decades of a strong presence in the Indian market, long standing customer and partner relationships, Wipro is widely recognized for its technology leadership, innovation and contribution towards social good.