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Top four IT firms cut over 21,000 jobs in Q2

Top four IT firms cut over 21,000 jobs in Q2
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IT major Wipro acquires Encore Theme Tech with a 96 7% stake in the firm

Wipro added a 3.3 per cent equity stake to its existing shareholding in Encore Theme to seal the deal.

Wipro, Finastra partner to power digital transformation for corporate banks in India

Wipro, Finastra partner to power digital transformation for corporate banks in India
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Wipro to acquire cybersecurity consulting firm Edglie for $230 million

Wipro partners Finastra to accelerate digital transformation in transaction banking

The IT major on Wednesday announced a partnership with Finastra to help corporate banks across Asia Pacific accelerate their digital transformation.The companies will create a unique offering that combines Wipro s comprehensive services catalogue with Finastra s front-to-back trade finance and cash-management solutions. A recent Finastra study showed that corporate banking clients have shifted their focus towards real-time execution capabilities, access to online platforms, and value-add services. In response, banks are moving away from the traditional relationship management model to become digital platform players that can meet client needs in a faster, flexible and more agile way. The partnership will help banks make this transition quickly through access to Wipro s service portfolio, from consulting and digital to infrastructure and operations and Finastra s leading solutions namely Fusion Trade Innovation and Fusion Cash Management.

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