Wipro Enters into Agreement with Desjardins to Modernize Consumer Banking Services Using its NetOxygen Platform
14 Marzo 2024 - 5:41AM
Business Wire
The solution will improve Desjardins’ consumer
lending and credit card business
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
technology services and consulting company, today announced that it
has been selected by Desjardins to transform their credit solutions
for members and clients.
Wipro Gallagher Solutions’ (WGS), a Wipro Company and leading
provider of cloud-based Loan Origination Systems (LOS), flagship
NetOxygen solution will integrate and manage Desjardins' multiple
in-house and legacy systems to bring all their Loan Origination
Systems into one platform, resulting in improved customer
experience, efficiency gains and cost savings.
This transformation program will provide Desjardins members and
clients with a convenient digital lending experience that is
accessible anytime, anywhere, and on any device. It will also
eliminate operational tasks through automation, enabling Desjardins
employees to focus on advisory services and the handling of more
complex transactions.
Kim Watson, President & Managing Director, Wipro
Solutions Canada Limited, said: “We are excited about the
prospects that this project holds for the future of lending
services, harnessing NetOxygen’s cutting-edge digital capabilities.
Transforming Desjardins’ consumer banking services will enable them
to better serve their customers and simplify their processes to
realize their ambitions.”
Nathalie Larue, Executive Vice-President, Personal Services,
Desjardins Group, said: “At Desjardins, we are committed to
meeting the needs of our members and clients to continue improving
and simplifying their experiences. The NetOxygen solution is
perfectly aligned with Desjardins' vision, Wipro is the natural
choice of our strategic partnership in this major transformation
journey."
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
technology services and consulting company focused on building
innovative solutions that address clients’ most complex digital
transformation needs. Leveraging our holistic portfolio of
capabilities in consulting, design, engineering, and operations, we
help clients realize their boldest ambitions and build
future-ready, sustainable businesses. With nearly 240,000 employees
and business partners across 65 countries, we deliver on the
promise of helping our clients, colleagues, and communities thrive
in an ever-changing world. For additional information, visit us at
www.wipro.com.
Forward-Looking Statements
The forward-looking statements contained herein represent
Wipro’s beliefs regarding future events, many of which are by their
nature, inherently uncertain and outside Wipro’s control. Such
statements include, but are not limited to, statements regarding
Wipro’s growth prospects, its future financial operating results,
and its plans, expectations and intentions. Wipro cautions readers
that the forward-looking statements contained herein are subject to
risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, complete
proposed corporate actions, intense competition in IT services, our
ability to maintain our cost advantage, wage increases in India,
our ability to attract and retain highly skilled professionals,
time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, our ability to
manage our international operations, reduced demand for technology
in our key focus areas, disruptions in telecommunication networks,
our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political
instability, war, legal restrictions on raising capital or
acquiring companies outside India, unauthorized use of our
intellectual property and general economic conditions affecting our
business and industry.
Additional risks that could affect our future operating results
are more fully described in our filings with the United States
Securities and Exchange Commission, including, but not limited to,
Annual Reports on Form 20-F. These filings are available at
www.sec.gov. We may, from time to time, make additional written and
oral forward-looking statements, including statements contained in
the company’s filings with the Securities and Exchange Commission
and our reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us
or on our behalf.
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