Wipro, a leading global Information Technology, Consulting and Business Process Services company has entered into a strategic partnership with London Stock Exchange Group (LSEG) to provide a hosted, end-to-end reconciliation solution using LSEG’s UnaVista platform for the financial services industry. UnaVista is LSEG’s global hosted platform for all matching, and reconciliation needs, helping firms reduce their operational and regulatory risk.
The solution is the first of its kind in the industry that will help financial services firms access an enterprise reconciliation utility without any capital investment. The utility solution will be hosted in London Stock Exchange’s secure and regulated data centres and delivered to customers by leveraging Wipro’s global service delivery capabilities.
Based on the simple ‘pay as you go’ pricing model, this one stop offering encompasses platform and data as well as IT and business operations. It simplifies customers’ existing and future reconciliation requirements by enabling scalability and regulatory compliance and reducing Total Cost of Ownership (TCO). Customers can convert their fixed costs to variable, reduce their TCO by 30-40% and benefit from a scalable, standardized process environment.
Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.