Wipro Positioned as a 'Leader' in Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2024

Everest Group’s 2024 PEAK Matrix® for Financial Crime and Compliance evaluates 30 of the top FCC operations providers, and Wipro is pleased to be recognized as a Leader.

"In response to the evolving regulatory landscape, the demand for tech-enabled offerings - complemented by an advisory construct - is increasing," notes Dheeraj Maken, Practice Director, Everest Group.

"Wipro has diversified its client base beyond traditional BFS enterprises, targeting non-traditional demand amid macroeconomic shifts. This is evident in its focus on AI-based offerings and collaborative solutions like p-KYC. With a strong presence in North America and significant growth in Continental Europe, Wipro solidifies its position as a Leader in our FCC Operations PEAK Matrix® Assessment 2024."

Our Key Strengths listed from the Everest Group FCC Operations Services PEAK Matrix® Assessment 2024 Report:

• Due to its comprehensive FCC capabilities spanning all LoBs, Wipro’s clientele is diversified in banking and capital markets. Wipro has also strategically broadened its reach by addressing non-traditional demand in response to the macroeconomics outlook.
• Wipro has expanded its partner solutions, adding Symphony AI for transaction monitoring, and deepened ties with low-code/no-code vendors such as Xceptor, Appian, and Enate, enhancing capabilities for customizable KYC workflows.
• The successful acquisition and integration of Capco has enhanced Wipro’s onshore/nearshore delivery capabilities and harnessed the combined strengths to address highly complex FCC advisory support needs.
• Wipro has strengthened its solution portfolio with AI-based offerings such as intelligent Volume Reduction and Risk Management (IVOR) and Intelligent Financial Fraud Detection (IFFD), FinCra Shield (an integrated solution addressing diverse aspects, from AML to crypto transaction management and cybersecurity) and the collaborative creation of p-KYC solution with Capco.
• Wipro boasts a strong foothold in the North American market, complemented by the substantial growth observed in the Continental Europe in the recent years.