Wipro Positioned as a Leader in Everest Group PEAK Matrix™ for Application Services in Capital Markets

Deepthi | Myequity news | Date : 14-12-2018 18:10:00 IST

WIPRO has been positioned as a Leader in Everest Group's recent report on Application Services in Capital Markets - Services PEAK Matrix™ Assessment 2019: Data, Cloud and Platform Investments to Fuel Innovation and Optimize Costs.

Everest Group evaluated twenty seven service providers for their vision and capabilities on key demand themes of capital markets and assessed them based on their investments in Centers of Excellence (COEs), certified talent, platforms and partnerships. Wipro emerged as a Leader based on these parameters, and a Star Performer, based on the greatest positive relative year- on-year movement on the PEAK Matrix, in this edition of the report.

Keyur Maniar, Senior Vice President and Global Head, Securities and Capital Markets, Wipro Limited said, "We are delighted to be positioned as a Leader and more significantly a Star Performer by Everest Group in their Capital Markets Application Services PEAK Matrix™ 2019 Assessment Report. This acknowledgement validates our commitment and attendant execution to deliver industry leading application services and solutions across buy side, sell side, and market infrastructure firms. We will continue to invest in domain capabilities, digital led innovation and localization, all at scale, to create highly contextualized solutions in line with our vision for our Securities and Capital Markets customers."

"The Capital Markets industry is leveraging a platform-based economy to gain efficiency, collaborate with the ecosystem, and create superior experience. Capital market firms are prioritizing costs optimization in their 'runthe business'initiatives and are channelizing these savings to their change programs," said Ronak Doshi, Practice Director, Everest Group.

Doshi added, "Wipro has made significant investments in building point solutions for capital markets-specific use cases. It has also enhanced its partnership ecosystem in niche technology areas such as robotics/Al through investments in Enterprise Al technology platforms. Clients have highlighted technical knowledge, strong resource capabilities, and ability to drive innovation as key strength areas for Wipro."

About Wipro Limited:

Wipro Limited is a leading global information technology, consulting and business process services company. It harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help its clients adapt to the digital world and make them successful.

More from Myequity