News : Wipro Positioned in HfS Blueprint Report’s ‘Winners Circle’ for Mortgage Services
Bangalore, India and East Brunswick, New Jersey, USA, Sept 16, 2016 -- Wipro Ltd. (NYSE:WIT, BSE: 507685, NSE: WIPRO), a global information technology, consulting and business process services company, announces that it has been positioned in the "Winner's Circle" of the Mortgage As-a-Service Blueprint report, July 2016, by analyst firm HfS Research.
Authored by Reetika Joshi, Research Director, Operations & Analytics Strategies, the HfS Blueprint report analyzes mortgage service provider ecosystems across as-a-service areas, focusing on two primary categories: innovation and execution. Winners excel at service execution driven by collaborative client engagements, talent, technology, flexible service arrangements and have a future-ready vision, backed by forward thinking business strategies.
Wipro is one of four companies to be positioned in the Winner's Circle and was recognized for its progressive strategy, exceptional data quality and reporting standards, actionable intelligence, collaborative engagements, and adoption of new technologies.
"We are honored to be in the Winner's Circle," said Nagendra Bandaru, Senior Vice President, Business Process Services (BPS), Wipro Limited. "We recognize that the mortgage industry is at a tipping point. Despite the obvious need for greater efficiencies, mortgage businesses of today must also focus on achieving competitive advantage and meeting strategic growth objectives. By integrating process excellence, risk intelligence and advanced technologies, we tackle the mortgage industry pressures of today while preparing clients for rapid market, economic and technology changes impacting their business."
"Wipro has made significant investments in technology and trends impacting our clients, particularly Wipro Gallagher's NetOxygen Loan Origination System (LOS)," said Alok Bansal, General Manager, Wipro Gallagher Solutions. "For more than three decades, several top lenders have used the system. We've built upon that extensive experience to deliver an optimized solution that meets regulatory needs and supports client aspirations in the digital "as-a-service" environment."
"Wipro has shown a commitment to questioning the status quo" said Reetika Joshi, Research Director, Operations & Analytics Strategies for HfS. "They understand that it is not enough to offer back-office support. Tomorrow's mortgage as-a-service provider must supplement back-office support with analytics, automation, and digital tools."
Posted by Veronica Silva Cusi, news correspondent
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About Wipro BPO Solution Ltd.:
Wipro Technologies is the global IT services business of Wipro Limited. Wipro delivers technology solutions to 18 countries, across four continents.
HfS Research is an analyst and global network for IT and business services, with a specific focus on global business services, digital transformation, and outsourcing.
Published: Tuesday, September 20, 2016