Wipro Ltd.

Wipro’s subsidiary - Wipro Arabia and Al Rajhi Bank, one of the largest Islamic banks in the world, has informed about the successful go live of Oracle FAHGL Program. This two year program has been a transformational journey for Al Rajhi Bank as it has moved from the legacy system to Oracle FAHGL. Wipro ensured a successful implementation of Financial Accounting Hub (FAH) at the bank, by integrating all banking systems through FAH, building a single repository for all financial data and developing an effective reconciliation and errors handling mechanism.

The shift to Oracle FAHGL has brought in operational efficiency at the bank especially in the Treasury, Risk and Card business operations. The reconciliation time has reduced, from three-four days to fifteen minutes and helped free up skilled banking experts for more analytical tasks. Implementation has also facilitated quality and timely management reporting and compliance of IFRS / IAS accounting principles.

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.