IT consulting and outsourcing company Wipro has signed a global partnership with Axiom Software Laboratories (AxiomSL) to offer the latter's suite of regulatory reporting and risk management solutions for the financial services industry.
According to the press announcement from Wipro, the solutions offer increased transparency, improved data integrity and deeper level of data granularity and traceability required by regulators.
AxiomSL's data management, regulatory reporting and risk management solutions help financial institutions administer internal data procedures, simplify, standardise and automate processes, and improve data integrity to successfully enhance decision making.
Wipro added that risk and compliance services is one of the fastest growing segments for its banking, financial services and insurance business.
"This strategic partnership enhances Wipro's leadership position in Risk & Compliance Services to assist global financial institutions meet their regulatory obligations in a cost effective and timely manner," said Santhosh Nair, Vice President and Global Head – Risk & Compliance, Wipro.
"This solution combines AxiomSL's industry-leading platform with Wipro's techno-domain capabilities, global footprint and track record in helping leading financial institutions meet their risk and compliance obligations," he added.