Wipro, a leading global information technology, consulting and business process services company, and ASG Technologies, a global provider of information access, management and control solutions, have expanded partnership that integrates the offerings of Wipro's Data Management Centre of Excellence (CoE) with ASG's Enterprise Data Intelligence solution to improve compliance for the global financial services companies.
A host of regulations, such as the Basel Committee on Banking Supervision (BCBS) 239, aim to bolster the risk data aggregation capabilities and internal risk reporting practices of banks, and are driving technology spending in the financial risk and compliance domain. ASG’s Enterprise Data Intelligence solution addresses compliance by providing an end-to-end view of an organization’s information estate to improve data visibility, analysis and understanding. Wipro’s service offering ensures that data is reported in a reliable and consistent manner across the business. As a result, global businesses in the financial services sector can respond to compliance requests in a timely manner and with confidence in the accuracy of their data.
Wipro has signed a global value-added reseller (VAR) agreement with ASG. With this agreement, Wipro will have a non-exclusive license to sell the ASG Enterprise Data Intelligence solution worldwide to its customers. The two companies will work together to offer consultancy services on BCBS 239 and data lineage as a service, which will help financial services customers meet compliance guidelines, and align critical business controls to the data supply channel.