wipro: Wipro launches financial services capability in India

Wipro launched financial services advisory capability in India. Capco, its subsidiary, will supplement Wipro’s presence in the Indian financial services sector to jointly offer end-to-end transformation services for the sector.

In partnership with Wipro, Capco will offer strategic advisory and consulting capabilities to Indian financial services firms that are on their digitization journey. Towards this, Capco will leverage Wipro’s India presence, relationships, scale, and proven expertise in providing a comprehensive suite of digital transformation services.

The value of the Indian consulting market is estimated to be $8.6 billion, of which financial services accounts for an estimated $2.95 billion, the company said.

“Capco’s financial services consulting expertise in India aims to accelerate our clients’ end-to-end transformation journeys. I am confident that the joint forces of Wipro and Capco will play an important role in the industry’s next phase of innovation. It enriches our full spectrum of capabilities, ensuring we are well positioned to help our clients realize their growth ambitions,” said Anis Chenchah, CEO of Asia Pacific, Middle East, and Africa, Wipro.

Capco a global management and technology consultancy, was acquired by Wipro for $1.45 billion in March 2021. Capco provides digital, consulting and technology services to financial institutions.

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