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Wipro collaborates with FEBRABAN to develop noomis™

Posted On: 2019-09-23 21:24:42

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the successful launch of the first phase of noomis™, the new online platform of FEBRABAN, an industry association that represents the financial services sector in Brazil. FEBRABAN also organizes CIAB, an information technology trade show for financial services in Latin America.

noomis™ will serve as a meeting point and a discussion platform for the finance professionals in Brazil who participate in CIAB FEBRABAN. Built with digital cloud technologies, the platform is envisaged to change the way companies collaborate and share information. noomis™ will provide reliable, analytical, and unbiased information via news reports, biogs, videos, and newsletters that will enable participants to stay up to date on financial market trends.

Wipro has partnered with FEBRABAN on this project development journey, which has so far included the design and delivery of the first phase of the online platform. The company was also responsible for creation of workflows and the editorial publisher module for content management in the platform.

Mukund Seetharaman, Vice President and Head - Latin America, Wipro Limited said, "Innovation is a big differentiator, and noomis™ differentiates FEBRABAN by bringing together the financial industry to collaborate, exchange ideas and catch up on industry news. We are pleased to work closely with FEBRABAN to provide digital solutions for quick issue resolution and improve customer experience. Our deep expertise and experience in working with global financial institutions will help us provide best-in-class services to the Brazilian banking industry."

According to Gustavo Fosse, Sector Director of Technology and Banking Automation of FEBRABAN and member of the CIAB Council noomis™, "noomis™ is a great technological innovation for the financial services sector in Brazil. It will help bring together key professionals and companies, offer them a place to interact, learn and collaborate all through the year."

Wipro has a significant presence in Latin America with offices across five countries in the region - Argentina, Brazil, Chile, Colombia, and Mexico. In Brazil, Wipro has been delivering value for over a decade through local delivery centers. Wipro has some of the largest enterprises as its clients and is expanding its presence in the country's Banking, Financial Services, Energy, Mining, Consumer, Retail and Manufacturing industries.

Shares of WIPRO LTD. was last trading in BSE at Rs.240 as compared to the previous close of Rs. 245.75. The total number of shares traded during the day was 497844 in over 6933 trades.

The stock hit an intraday high of Rs. 247.9 and intraday low of 236.7. The net turnover during the day was Rs. 119403749.

Source: Equity Bulls

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