www.wipro.com TRANSFORMING BANKING ANALYTICS ENGINEERING A COMPLETE ORACLE SOLUTION Scan the QR Code to learn more DO BUSINESS BETTER
ANALYTICS AS A BUSINESS ENABLER Data availability for banks has grown by magnitudes. Vast volumes of data records, ATMs, websites, mobile devices, social media, CRM systems and credit card usage, giving banks an opportunity to capitalize on the intelligence hidden within. The financial services industry has always been ahead when it comes to putting data to work. Banks are the biggest users of data analytics to derive business intelligence, assess risk, acquire customers, detect fraud and identify loan default. Now, banks are moving into a state of heightened usage with regard to data, driven by regulatory requirements and the need to respond to changing customer preferences in real-time. According to Gartner, worldwide business intelligence, analytics and performance management software spend surpassed the $12 Billion mark in 2011. Banks are following the trend. They are keen to leverage data through analytics and drive accurate real-time decision making, reduce uncertainty and improve customer outcomes. They are quickly adopting analytics as a means to do business better. Analytics can result in improved insight, efficiencies, increased customer loyalty through enhanced customer service, faster response to market needs, improved campaign results and better regulatory compliance. Wipro through its Framework for Banking Analytics Transformation will enable banks to achieve this. Despite the fact that banks have traditionally been amongst the heaviest users of analytics, they are faced with major barriers in being able to leverage the new data sources. Often, they are handicapped by the fact that their systems are not designed to manage the types of analytics now required. Amongst the challenges faced by banks impacting their analytical capabilities are: Silo systems and business units: Fragmented systems built over a period of time have resulted in no single source of truth. The impact is poor business decisions. Incomplete & inconsistent data: Lack of data availability and data integrity due to multiple legacy systems is hampering the ability of banks New or changing regulations: Growing investment requirements to meet new or changing regulations. Non-sophisticated tools: Existing spreadsheet based non-sophisticated tools fall short of meeting governance and auditability requirements of regulatory standards. Limited resources: Lack of analytical solution expertise and culture hamper analytical transformation efforts.
WIPRO S FRAMEWORK FOR BANKING ANALYTICS TRANSFORMATION Embracing technology is a novel way of addressing the challenges faced by banks due to vast volumes of data, gaining competitive advantage with the data, and being compliant. An analytical banking transformation provides the needed thrust to a bank to achieve its strategic, regulatory and operational objectives. Wipro s Framework for Banking Analytics Transformation, caters to multiple domain areas broadly divided into Financial Intelligence, & Compliance Intelligence and Customer Intelligence. Capital Adequacy Segmentation & Profiling Market Fraud Customer Profitability Retention & Acquisition Credit Cross-Sell/ Up-Sell Operational RISK & COMPLIANCE INTELLIGENCE CUSTOMER INTELLIGENCE Campaign Compliance FINANCIAL INTELLIGENCE Channel Usage Anti-Money Laundering Budgeting & Forecasting Accounting Hub Funds Transfer Pricing Asset & Liability Liquidity The analytical transformation is accelerated by tools, methods, estimators and templates that are exclusive to the transformation projects. The framework addresses pure play consulting, analytical transformation, transition & support and alignment of application with people and processes. Wipro s Framework for Banking Analytics Transformation addresses: Line of business (Phased) versus Big Bang New implementations versus Upgrades Single analytical application versus integration of best of breed analytical engines
BANKING ANALYTICS SERVICE OFFERING TRANSFORMATION Solution Blueprint PRODUCT CONSULTING Product Evaluation Process Alignment Requirements Technology and Architecture Change Program Quality Assurance Hosting Center of Excellence Setup Solution Accelerators Turnkey Delivery DESIGN VALIDATE INTEGRATE BANKING ANALYTICS PRODUCTS PRACTICE MONITOR CONNECT IMPLEMENTATION AND SUPPORT Upgrade/Implementation Managed Testing Managed Support Application Development & Maintenance Training STANDARD IT SERVICES Release & Configuration Integration Infrastructure Data Extraction, Transformation & Integration Decommissioning of Legacy BPO Wipro can spearhead the end-to-end transformation process from solutioning, product implementation, testing services, data migration & extraction and managed services. Wipro s domain and technology experts have extensive experience in delivering large banking analytical transformation projects with best of breed platform solutions such as Oracle OFSAA, SAP Bank Analyzer, SAS, Temenos Insight and Teradata.
ADVANTAGE WIPRO Analytics is helping banks overcome several challenges related to accurate and timely decision making. Its impact is being felt in areas related to risk, compliance, performance management, customer service and stakeholder trust. Analytics is becoming the most important lever in the ability of banks to do business better. Wipro s dedicated Banking Analytics Products Practice focuses on enabling banks unlock the potential of analytical intelligence and thus accelerate growth, effciency, compliance and simultaneously minimize inherent risks in doing business. DEDICATED INVESTMENTS Dedicated Banking Analytics Practice Accelerators, Solution Extensions and Wipro consulting assets to reduce overall risks and unwanted project delays STRATEGIC ALLIANCE Strong Partnerships with the leading Banking Analytics products End-to-end Program with one Party taking Overall Accountability for the Execution PROVEN EXPERIENCE Skilled expertise backed by a strong & Compliance, Analytics & Information practice Successful outcome-based services in banks across the globe SUCCESS STORIES The Banking Analytics Products Practice, constitutes a pool of domain and technology experts who have successfully delivered large banking analytics transformation projects with industry leading solutions. Wipro s Banking Analytics Transformation framework has delivered consistent success, some of which are listed here: For a leading bank in India, Wipro handled integrated risk transformation starting from data requirements, data sourcing, systems integration involving different products and regulatory reporting. Wipro partnered with the bank and handled the end-to-end implementation of an integrated risk management solution comprising of the best of breed products in the areas of funds transfer pricing, asset liability management and Basel II. For the largest Islamic Bank in the world, Wipro partnered with a leading product and handled the overall program management for the bank in the area of Basel II compliance. Wipro handled the entire solution implementation starting from data requirements, data sourcing, product implementation and regulatory reporting.
About Wipro Ltd. Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions, to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 57 countries. For more information, please visit www.wipro.com DO BUSINESS BETTER NYSE:WIT OVER 140,000 EMPLOYEES 57 COUNTRIES CONSULTING SYSTEM INTEGRATION OUTSOURCING WIPRO TECHNOLOGIES, DODDAKANNELLI, SARJAPUR ROAD, BANGALORE - 560 035, INDIA. TEL : +91 (80) 2844 0011, FAX : +91 (80) 2844 0256, Email: info@wipro.com North America South America United Kingdom Germany France Switzerland Poland Austria Sweden Finland Benelux Portugal Romania Japan Philippines Singapore Malaysia Australia China South Korea New Zealand WIPRO LIMITED 2013 IND/BRD/SEP IND/BRD/AUG 2013-NOV 2013-OCT 2014 2014