Wipro and First Horizon Bank partnered to develop the core banking and service capabilities of VirtualBank, a digital bank FHN inherited in the IBERIABANK merger in 2020. With a history of overseeing cloud transformations, Wipro partnered with FHN to develop VirtualBank’s Fintech stack on a public cloud ecosystem. The Bangalore-based IT firm also oversaw a complete overhaul of VirtualBank’s legacy tech to a new cloud-based API offering.
After over a year and a half of “work-from-home”, Wipro has recalled its leadership to offices to start office work twice a week. They are all be fully vaccinated and will follow the proper social distancing guidelines, Wipro Chairman Rishad Premji said. The move comes as the Indian and Global tech industry is shifting from a full work-from-home model to a hybrid work model, and attempt to bring back social connections among employees.
Five companies – TCS, Wipro, Capgemini, L&T Infotech, and NEC Corp India – have been shortlisted by SEBI for the implementation of data analytics projects. In an effort to address and handle challenges arising out of technological advances in markets, selected firms are expected to build analytical models with AI and ML. Then, the analytical development will be done according to regulator SEBI’s requirement.
Mohammad Aref has been appointed by Wipro as the Country Head and Managing Director for the Middle East. He will focus on business growth, localisation, and modernising engagements with clients in the region. Aref has over two decades of experience in various multinationals in the Middle East, leading client transformations in various industries. He will report directly to N.S. Bala, CEO – APMEA, Wipro Limited.
Source: Free Press Journal
Vikram GR has joined Wipro from Diageo India, as their new CISO. At Wipro, he will design and execute the company’s security strategy, alongside IT compliance. Having previously worked with global organisations such as EY, Protiviti, and Paladion, Vikram is credited with innovative cybersecurity awareness programs and the establishment of mechanisms for effective communication to senior leadership in his decade-long career.
Bhanumurthy Ballapuram, Wipro’s former Chief Operating Officer, has joined Google Cloud as VP of Japan and the Asia-Pacific region. Looking to compete with Microsoft Azure and AWS, Google Cloud has hired key executives as part of its expansion strategy. Ballapuram will partner with regional leadership, and work towards advancing Google Cloud’s development in the region.
Wipro, over the next three years, will be investing $1bn in cloud tech, capabilities, acquisitions, and partnerships. Wipro FullStride Cloud services have also been launched by the company to offer better cloud solutions to clients. The IT giant harbors a workforce of 79,000 in the cloud domain with 10,000 certified by the leading service providers. In its last 12 months, it has announced significant cloud-related signings.
Infosys, TCS, and Wipro have collectively added 40,887 to their workforce in the Q1 of the fiscal year 2021. TCS hired 20,000+ people, while Infosys and Wipro hired 8,000 and 12,000 people respectively. Infosys’ voluntary attrition increased to 13.9% from 10.9% in the previous quarter so they hired to fill attrition and meet the new demand. TCS has announced its plans to hire 40,000 freshers while Infosys is committed to hiring 35,000 and Wipro will hire 12,000.
Wipro has announced a salary hike for 80% of its eligible staff in Sept, its second such exercise this year to retain key employees. The increments will be in the high single digits for offshore employees while it will be in the mid-single digits for onsite employees. Wipro’s larger rival Tata Consultancy Services rolled out salary increments in April, the second in six months to its 4.89 lakh workforce across the globe.