Wipro has announced its multi-year deal with Kerala State Co-op Bank, a scheduled state cooperative bank in India, established by the Kerala State Government.
As a part of a multi-million-dollar strategic partnership, Wipro will implement a consolidated common core banking system for Kerala Bank and offer twenty allied solutions. These solutions are aimed at streamlining technology adoption and enabling a superior customer experience.
In addition, Wipro will set up a data center, Disaster Recovery Centre, Near DR (Disaster Recovery), and command center, implementing the latest Reserve Bank of India cybersecurity frameworks. Moreover, it will provide facility management services for five years.
Currently, Wipro is engaged with more than 100 DCCBs across 12 states of the country. The company has consolidated its position across all banking segments, including Schedule Commercial Banks, Regional Rural Banks, Co-operative Banks, and the Small Finance and Payment Banks.
Sanjay Jaireth, Head, BFSI India, Wipro, said, “Wipro and Kerala Bank have partnered to offer core banking services to many District Co-operative Central Banks for many years. The experience positions us to deliver this complex solution, which redefines customer experience while ensuring security for clients of the bank.”
Rajesh AR, GM (IT and Digital Banking), Kerala Bank, said, “We see IT modernization as the key driver for achieving business transformation and growth. An integrated IT landscape involving best-in-class Core Banking and allied solutions will enable seamless information flow and help achieve high performance and scalability in our operations.”
Wipro and Micro Focus
In another deal, Wipro is partnering with Micro Focus to launch the Legacy Migration and Modernisation Lab collaborating with Amazon Web Services (AWS).
The lab, hosted at Wipro’s AWS Launchpad in Parramatta, Australia, will support companies in Australia and New Zealand (A/NZ) to experience a hands-on demonstration of tools and accelerators that can help optimize mainframe application capabilities for the cloud.
However, the lab combines the strengths and technical expertise of Wipro, Micro Focus, and AWS to support customers to become agile, decrease operational costs and mitigate application-modernization risks to enable a cloud-ready IT ecosystem.