Wipro has signed a multi-year partnership with fintech firm Finastra for the digital transformation of corporate banks in the Middle East. The agreement will make Wipro the exclusive go-to-market and implementation partner for Finastra’s regional trade finance solutions.
According to a company statement, Wipro will help banks transform and digitize the complete financial process in addition to Finstra’s product portfolio.
Mohamad Hamza, Regional Head of Banking, Financial Services, & Insurance (BFSI) – Middle East, Wipro Limited, said, “Corporate banks are key players in the sector and are significantly transforming the way they operate to cope with the ever-evolving industry. Re-imagining digital services to improve client experiences and rationalizing platform and operations centres to drive efficiencies are key priorities for the sector. This exclusive partnership with Finastra will enable us to help clients transform into truly digital platform players.”
Manish Joshi, Managing Director, Lending, APMEA, Finastra, said, “As an already longstanding and important global partner, we are very pleased to extend our collaboration with Wipro to the Middle East. The broad portfolio of services and deep experience offered by Wipro are a superb compliment to Finastra’s cutting-edge solutions. Leveraging this combination, we look forward to fueling the digital transformation of even more banks and financial institutions in the region to help them and their customers reap the benefits of digitalization.”
Harpreet Arora, Global Head of Banking, Financial Services, and Insurance (BFSI) Domain & Solutions, Wipro Limited, said, “Expanding our exclusive partnership with Finastra for trade transformation to the Middle East enables us to continue driving the digital transformation agenda for corporate banks and financial services companies; hence solidifying our position in the market. Wipro will support Middle Eastern banks in implementing Finastra’s trade finance products, by bringing Wipro’s domain expertise and service delivery capability jointly with Finastra’s product strength.”
Wipro has several decades of strong presence and credibility in the Middle East, one of the six focus regions comprising Wipro’s Asia Pacific, Middle East, India, and Africa (APMEA) Strategic Market Unit. Wipro continues to develop its consulting skills while emphasizing innovation, talent, and ecosystem partnerships to provide experience-led transformation to foster sustainable company growth and provide greater value to customers in this region.