BFSI Business Solutions for Data, Analytics & Intelligence
Data and AI are revolutionizing the BFSI organizations by combining analytics and AI/ML to address challenges, unlock personalized financial stability, boost customer relations, forecast market trends and client needs, and streamline operations while ensuring regulatory compliance. Wipro’s Data, Analytics, and Intelligence solutions play a crucial role in Risk Management and Fraud Prevention. By employing advanced analytics, these solutions detect irregularities and enhance security, and offer deep insights for crafting personalized Customer Experiences.
Wipro’s Banking Industry Architecture Network (BIAN) offering
It’s a comprehensive framework for compliance, standardized integrations, providing a unified customer view in the banking industry which helps unlocks future monetization opportunities. Wipro brings vast industry knowledge, Domain driven design and BIAN expertise combined with various technical assets to accelerate the BIAN adoption journey. For Banking platforms based on or gearing towards Microsoft and Databricks technologies, Microsoft’s Common Data Model (CDM) can be leveraged to reduce data governance complexity.
Our Digital Lending Solutions
For Origination
The mortgage sector is witnessing a significant shift. Digital lending leaders are solidifying their market stance by prioritizing experience, transparency, and responsiveness. Our BFSI-tailored solutions offer hyper-personalized services, providing a comprehensive customer view. By harnessing Generative AI with Guardrails, we deliver pervasive intelligence across the board.
For Servicing
The lending industry is undergoing a major overhaul, spurred by digital innovation within banks and financial institutions. This evolution, shaped by changing consumer preferences, technological progress, and new regulatory frameworks, represents a marked change from the past decade. Our use of Generative AI in digital lending automates credit scoring, risk assessment, and customer service, combating silent attrition. Our solutions enable precise customer segmentation, churn prediction, and mortgage analytics, supported by in-depth data analysis for a data-driven, customer-first strategy that adheres to ethical and regulatory standards.
For Collections, Loss Mitigation & Default
Navigating credit risk in today's market volatility and regulatory landscape demands a digitized, analytics-driven approach. Our solutions offer smart strategies for loss mitigation, loan workout options, and enhancing debt-collection efforts. Generative AI provides effective tools for managing loan defaults, ensuring legal compliance, maintaining operational excellence, and protecting reputation in a constantly connected world.
