Wipro gains on inking pact with First Horizon Bank

Wipro Ltd. | IT - Software | IT & ITES | BSE: 507685 | NSE: WIPRO

14 Sep 2021 Evaluate

Wipro is currently trading at Rs. 673.80, up by 3.00 points or 0.45% from its previous closing of Rs. 670.80 on the BSE.

The scrip opened at Rs. 674.00 and has touched a high and low of Rs. 675.20 and Rs. 670.00 respectively. So far 87376 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 690.80 on 07-Sep-2021 and a 52 week low of Rs. 293.05 on 14-Sep-2020.

Last one week high and low of the scrip stood at Rs. 676.20 and Rs. 654.00 respectively. The current market cap of the company is Rs. 369058.70 crore.

The promoters holding in the company stood at 73.02%, while Institutions and Non-Institutions held 15.52% and 8.84% respectively.

Wipro has partnered with Tennessee-based First Horizon Bank (FHN) to transform the core banking channels and servicing capabilities of VirtualBank, an established digital bank that FHN inherited from Louisiana-based IBERIABANK as part of the merger completed in 2020. The combined entity's assets are approximately $87 billion. This partnership resulted in a comprehensive transformation of VirtualBank's legacy technology stack to a cloud-based, Application Programming Interface (API) enabled offering.

Wipro partnered with FHN to evaluate the fintech cloud products; developed end-to-end solution architecture, core configuration and accounting fund flows; and managed customer data migration and a quality assurance plan. Wipro also invested in a real-time event aggregator capable of collecting mission critical events from various cloud sources and reconciling and reporting on them for regulatory purposes. Wipro's business domain and technological insight and expertise contributed to a rapid cloud migration, requiring about eight months to complete the project implementation.

Wipro is a leading global information technology, consulting and business process services company.

Wipro Share Price

197.30 -0.65 (-0.33%)

11-May-2026 12:22 View Price Chart

Peers

Company Name	CMP
TCS	2408.30
Infosys	1184.20
HCL Tech.	1198.65
Wipro	197.30
Tech Mahindra	1465.40
View more..

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