Monday, April 23, 2007

Wipro Launches Plans For BFSI Sector

Mumbai: Information Technology company Wipro is eyeing at increasing its level of specialisation in the banking, financial services and insurance (BFSI) sector. The sector is one of the high-growth areas for the company and it will look at tapping the sector via package implementation and integration of solutions and business process till the potential lasts. Under the package implementation, Wipro will look at giving specialised packages of products and solutions to the companies in the BFSI sector.
Wipro will look at giving end-to-end services in implementation for its clients who are active in derivatives, settlement, anti-money laundering and card processes among others. Wipro believes, will help in decreasing both integration and operational costs for its clients. In order to increase its level of specialisation, the company will establish a technology group. Wipro intends to recruit people with domain expertise in sectors such as hedge funds, derivatives, and payments and settlements.

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