Wipro partners AxiomSL for financial risk & compliance service

Tags: AxiomSL, Wipro, IT
IT services major Wipro has partnered with Axiom Software Laboratories to offer financial risk and compliance services to financial institutions across geographies, a market expected to cross $18 billion by next year.

Axiom Software Laboratories (AxiomSL) is a global firm dealing in regulatory reporting and risk management solutions for the financial services industry. It helps firms meet regulatory reporting and risk requirements across multiple regulators and jurisdictions.

The partnership between Wipro and AxiomSL seeks to address challenges faced by financial institutions with solutions that offer increased transparency, improved data integrity and a deeper level of data understanding and traceability required by regulators," Wipro said in a release.

The Bangalore-based firm is currently assisting two global banks in the firm-wide roll-out of the AxiomSL solution, it added.

"The market for regulatory reporting solutions and associated upstream data aggregation and integration services will exceed $18 billion globally by 2015," Celent Research Director (Finance and Risk, Global Financial Services) Cubillas Ding said.

Risk & Compliance Services is one of the fastest growing segments for Wipro's banking, financial services and insurance business, India's third largest software services firm said.

The company has a strong team of ex-regulators, ex-CROs, risk architects and technologists that has successfully delivered over 100 Risk & Compliance engagements spanning consulting, IT and BPO services, it added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The sudden crisis in oil exporting economies offers India big opportunity

    The unprecedented 6.5 per cent single-day hike in Russian interest rates on Tuesday and the subsequent devaluation of the ruble from 60 to the dollar

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Why do we shoot, load and then aim?

There is a joke about what Indians would do in ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Dharmendra Khandal

Protecting jungle cats is vital

In what can only be called a cat night, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture