Wipro enters into agreement with Desjardins to Modernize Consumer Banking Services Using its NetOxygen Platform

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."

Shares of Wipro Limited was last trading in BSE at Rs. 517.60 as compared to the previous close of Rs. 504.35. The total number of shares traded during the day was 152206 in over 4013 trades.

The stock hit an intraday high of Rs. 518.85 and intraday low of 495.05. The net turnover during the day was Rs. 77591967.00.

Source : Equity Bulls

Keywords

Wipro INE075A01022 WIT Desjardins