Wipro & GBST Announce Strategic Partnership For Superannuation & Wealth Administration Services

Wipro Limited is an Indian multinational corporation that provides information technology, consultant, and business process services. It is one of the leading Indian Big Tech companies. Wipro’s capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries.

Wipro and GBST Partnership

Wipro Limited recently unveiled a strategic collaboration with GBST, a leading global provider of wealth management and advice solutions technology serving the financial services sector. This partnership is designed to provide comprehensive administration services for superannuation, wealth, and pension firms transitioning from traditional IT setups. 

By combining GBST’s Composer wealth management administration Software-as-a-Service (SaaS) platform with Wipro’s proficiency in outsourced administration and contact center services, the collaboration aims to offer a unified solution encompassing technology, cybersecurity, risk management, and business operations. 

Global CEO of GSBT on this Partnership

Robert DeDominics, Global CEO of GSBT has emphasized that the financial services industry is increasingly seeking fully outsourced solutions, and this collaboration provides clients with access to a cutting-edge, scalable wealth management administration platform based on Software-as-a-Service (SaaS) technology. Clients can also leverage Wipro’s expertise as a trusted digital transformation partner, ensuring robust IT and back-office services to support their needs effectively.

Conclusion: The strategic partnership between GBST and Wipro highlights a pivotal moment in the financial services sector. With a focus on delivering fully outsourced solutions and a modern SaaS-based wealth management platform, clients can expect enhanced scalability and efficiency. Wipro’s role as a trusted digital transformation partner further strengthens the offering, ensuring robust IT and back-office support. This collaboration reflects a proactive response to the industry’s evolving needs for innovative and comprehensive solutions. The stock of Wipro Ltd. is currently trading up by 2.5% from its previous day’s closing price at Rs.489.55 a piece. The stock has a 52-week high and 52-week low of Rs.545.90 and Rs.375.05 respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.