Wipro on Wednesday announced the launch of a new financial services consulting capability in India to accelerate end-to-end transformation journeys for its clients.
Capco, a Wipro company, will complement its presence in the country’s financial services sector through its Mumbai business to jointly offer end-to-end transformational services for this sector.
“Capco’s expertise in financial services consulting in India is aimed at accelerating our clients’ end-to-end transformation journeys,” said Anis Chenchah, CEO of Asia Pacific, Middle East and Africa ( APMEA), Wipro.
“I am confident that the joint strengths of Wipro and Capco will play an important role in the next phase of industry innovation,” Chenchah added.
The value of the Indian consulting market is estimated at $8.6 billion, of which financial services account for about $2.95 billion.
In partnership with Wipro, Capco will offer strategic consulting and advisory capabilities to Indian financial services companies that are on their digitalization journey.
Capco will leverage Wipro’s presence, relationships, scale and proven expertise in India to deliver a comprehensive suite of digital transformation services, the IT company said.
“We will combine our deep domain expertise in digital banking and insurance, data and cloud transformation, intelligent automation and cybersecurity with Wipro’s scale and expansive delivery to deliver a new and dynamic end-to-end transformational experience for our most important customers,” said Lance Levy, CEO of Capco and Executive Sponsor of Wipro’s Financial Services business.
Wipro Limited has over 250,000 employees and business partners in 66 countries.
With a growing client portfolio comprising more than 100 global organizations, Capco operates at the intersection of business and technology.
Capco offers an integrated global service with offices in major financial centers across the Americas, Europe and Asia-Pacific.