The partnership will leverage Wipro's Digital and Quality Engineering capabilities to transform Testing and Environment Management Services for the bank
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that Metro Bank, a large UK based retail and commercial bank, has awarded a multi-year contract to deliver and transform Testing and Environment Management Services.
As part of this partnership, Wipro will leverage its Digital and Quality Engineering capabilities to drive transformation through automation, service virtualisation and DevSecOps enablement. This will help Metro Bank achieve its objectives around cost, pace and quality of operations and further differentiate them from other high street banks. Wipro will accelerate the bank's digital journey through its marquee offerings, Virtual Automation Engineer, IntelliAssure and Digital Rig. In addition, Wipro has been chosen as one of the preferred partners to deliver Business-IT services across Metro Bank functions.
Cheryl McCuaig, Chief Information Officer at Metro Bank, said, "We are excited to partner with Wipro on this journey towards transforming our business. We look forward to a successful partnership that delivers value to both organisations and enables us to achieve our goal of improving the quality, velocity and efficiency of our IT delivery. This directly supports Metro Bank's strategy to become the UK's best community bank by providing outstanding service and solutions to our personal and business customers."
Omkar Nisal, Senior Vice President Head Banking EMEA, Wipro Limited, said, "We are delighted to be chosen as Metro Bank's strategic transformation partner for testing and environment services. We look forward to working together and delivering an ambitious programme that will significantly improve the overall efficiency of technology change."
About Metro Bank
Metro Bank is celebrated for its exceptional customer experience. Its mobile app and online service achieved the top spot in the Competition and Market Authority's Service Quality Survey among personal and business current account holders in February 2020; the bank also ranked in the top two for overall service and store service for personal and business customers. It was awarded 'Best All Round Personal Finance Provider' at the Moneynet Personal Finance Awards 2019.
Offering retail, business, commercial and private banking services, it prides itself on giving customers the choice to bank however, whenever and wherever they choose. Whether that's through its network of stores open seven days a week, early until late, 362 days a year; on the phone through its UK-based 24/7 contact centres; or online through its internet banking or award-winning mobile app: the bank offers customers real choice.
The bank employs around 3,500 colleagues and is headquartered in Holborn, London.
Intelliassure: A Next Generation IT wellness platform leveraging the principles of Artificial Intelligence/Machine Learning, advanced analytics and built on Wipro HOLMES Wipro's AI and Automation platform.
Virtual Automation Engineer (VAE): Intelligent Test Automation built on the theme of 'Automating the Automation' enabling natural language-based automation, at-scale cloud-based autonomous execution and automated maintenance through self-healing, resulting in on-demand validation of digital applications undergoing frequent changes.
Digital Rig: Wipro's enterprise DevSecOps platform for non-linear scaling of DevSecOps through simplification, standardisation and automation of key engineering capabilities across the organisation through a self-service catalogue.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-Looking Statements
The forward-looking statements contained herein represent Wipro's beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro's control. Such statements include, but are not limited to, statements regarding Wipro's growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers' ability or willingness to purchase our offerings, delay prospective customers' purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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Contacts:
Nisha Chandrasekaran
Wipro Limited
nisha.chandrasekaran@wipro.com
