Wipro Named a Horizon 3 MARKET LEADER in HFS Horizons Report: The Best Service Providers for Asset and Wealth Management, 2024

Wipro is recognized as a leading Ecosystem Transformation Partner for its clients in the Asset and Wealth Management industry globally.

Global business research consultancy HFS named Wipro a MARKET LEADER in its 2024 Horizons report, The Best Service Providers for Asset and Wealth Management, 2024. The report examined several leading service providers, ranking only a few as MARKET LEADERS in ecosystem transformation. According to HFS, the MARKET LEADERS have demonstrated their ability to support AWM firms from functional digital transformation to enterprise-wide modernization to creating new value through ecosystems.

Wipro Named a Horizon 3 MARKET LEADER in HFS Horizons Report: The Best Service Providers for Asset and Wealth Management, 2024

Value proposition: Wipro helps AWM firms change and scale their digital, technology, and operations competencies to compete effectively amid changing market conditions.

Growth proof points: Almost three years post-Capco acquisition, the impact is felt in enhanced AWM domain and transformation consulting, especially in front office and advisor experience. Wipro continues to develop key platform partnerships like further depth with Temenos and alternatives reconciliation with Duco. Its wealth ops capabilities are having a moment. Large deal activity is strong despite headwinds.

Key differentiators: Wipro’s well-established AWM ops capabilities plus Capco have created a strong ops transformation capability. Its platform capabilities in CRD, Simcorp, and others are in demand in a multi-asset world. It is vendor agnostic and does not offer products for financial services; it continues to develop IP, including its mass affluent engagement engine, part of a $1 billion AI investment commitment.

Outcomes: Wipro provided a post-merger target operating model and platform consolidation of a North American broker-dealer. It defined the front-office investment management strategy and roadmap for an asset manager yielding legacy reduction and digitized operations.

Customer kudos: Clients note Wipro’s ability to deliver on outcomes and commercial creativity.

Among our strengths, HFS cited Wipro’s well-established AWM Ops capabilities, Capco’s strong Ops transformation capability, continuous development of key platform partnerships, and large-deal activities despite headwinds. The strategic acquisition of Capco enhanced Wipro’s AWM domain and transformation consulting.

According to Elena Christopher, Chief Research Officer and Head of Financial Service Research at HFS Research, “Changing customer needs, new business models, and expanding offerings in the quest for alpha requires modernization investments to enable the future of the Asset and Wealth Management (AWM) sector. HFS recognized Wipro as a Horizon 3 Market Leader in our recent report, The Best Service Providers for Asset and Wealth Management, 2024, based on its strategy-led execution capabilities that help AWM firms change and scale their digital, technology, and operations competencies to compete effectively amid changing market conditions. Wipro’s ongoing investment in its AWM business through Capco-led consulting and advisory services, new partnerships, and expanded offerings enables the firm to provide essential capabilities to its AWM clients.”