Case Study: a leading financial institution achieves faster offshore setup and $20M savings with Wipro

Wipro helped a leading investment bank overcome its inexperience in outsourcing by implementing end-to-end solutions in record time

A leading financial institution with a global presence in investment, private, and asset management banking faced significant challenges with a fragmented and inefficient outsourcing program. Due to their inexperience with offshoring and the complexities of managing multiple vendors, their operational costs were surging. Wipro engaged to implement a comprehensive suite of outsourced services to overcome these hurdles and establish a robust operational footprint.

Wipro provided an end-to-end solution, establishing a captive center of excellence on its own campus to support the client's operations across 50 countries. This innovative model consolidated services under one roof and was implemented in a record four months, drastically faster than the industry average. The results were substantial: Wipro's solution reduced management complexity, saved over $20 million in a five-year period by converting capital expenditure to operational expenditure, and enabled the client to efficiently scale its operations to over 1,000 employees.