The Everest Group Capital Markets IT Services PEAK Matrix® Assessment 2024 evaluated 27 leading IT service providers based on annual RFI process for calendar year 2024, interactions with leading IT service providers, client reference checks, and an ongoing analysis of the capital markets IT services market.
Wipro’s approach to capital markets IT services prioritizes the digitization and automation of services to enhance customer experiences and deliver personalized, on-demand solutions. The company is dedicated to driving front-to-back consolidation of business processes and simplifying IT architecture, leveraging strategic approaches such as automation, digitization, cloud enablement, and package-led transformation. Additionally, Wipro focuses on facilitating risk and regulatory-driven change initiatives across critical domains including risk management and reporting, trade controls and reporting, customer data compliance, ESG reporting, and trade surveillance.
“Wipro leverages its extensive partner ecosystem and strategic acquisitions such as Ampion and Edgile to enhance its capital markets offerings, particularly in risk and regulatory compliance, as well as cybersecurity,” says Kriti Seth, Practice Director, Everest Group. “Their initiative with Calypso to develop derivatives applications demonstrates their commitment to innovation. Furthermore, Wipro is heavily investing in Generative AI capabilities with its ai360 ecosystem, aiming to integrate AI across all client solutions. The integration of Capco complements Wipro's efforts by supporting services in legacy modernization and office transformations. All of these factors have helped Wipro to earn a Leader recognition on Everest Group’s Capital Markets IT Services PEAK Matrix Assessment 2024.”
