Wipro And Desjardins Join Hands To Streamline Consumer Banking Through Digital Transformation

About Agreement

Wipro Limited a leading technology services provider has announced a strategic partnership with Desjardins a prominent Canadian financial institution. This collaboration aims to modernize Desjardins consumer banking services using Wipro Gallagher Solutions (WGS) innovative NetOxygen platform.

A significant partnership is taking shape between Wipro and Desjardins to revolutionize the latter’s consumer banking landscape. The project focuses on revamping Desjardins credit card and loan operations through the implementation of Wipro Gallagher Solutions (WGS) advanced NetOxygen platform.

NetOxygen’s core role lies in integrating and managing Desjardins existing systems into a unified platform. This consolidation streamlines operations, leading to improved efficiency and cost savings. The project extends beyond mere technical advancements; it prioritizes an enhanced customer experience. Desjardins members and clients will benefit from 24/7, anytime-anywhere access to a convenient digital lending platform accessible across various devices.

President & Managing Director of Wipro Solutions Canada Limited said that the company is thrilled about the potential of this project to revolutionize lending services by leveraging NetOxygen’s advanced digital capabilities. The NetOxygen platform plays a pivotal role in streamlining operations, fostering efficiency, and empowering a more convenient banking experience for Desjardins members and clients.

Share Price Movement

In the last trading session, the Wipro stock closed at Rs 504.35. Today it opened at Rs 502.45 and closed at Rs 517.60, up by 2.63%. The company’s 52-week high stands at Rs 546.10, while its 52-week low stands at Rs 351.85. Presently, the company boasts a market capitalization of approximately Rs 2,70,500 crore. In the past year, the company’s shares have given return of 36.43% and in the same time frame, BSE IT have changed by 33.68% and BSE TECK have changed by 30.79%.

About the Company

Wipro Limited is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging their holistic portfolio of capabilities in consulting, design, engineering, and operations, the company help clients realize their boldest ambitions and build future-ready, sustainable businesses.

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