Brief

Wipro seals outsourcing deal with Dena Bank

Wipro InfoTech has recently sealed a 10-year Total Outsourcing (TOS) contract with Dena Bank. The company has won the contract for providing comprehensive IT solutions to the bank over the period.

The contract will cover comprehensive applications and infrastructure provisioning and management to enable centralised banking operations of the bank across 850 branches. It will also cover a suite of banking applications including core banking, delivery channels, risk management, treasury, credit operations, cash management, asset liability management and anti-money laundering.

Wipro will also be responsible for provisioning, system integration and 24x7 management of the entire underlying infrastructure covering computing platforms and networking, including the commissioning and management of data centre and disaster recovery centre. This will ensure enhancement of technology for Dena Bank on a continuous basis, keeping in mind its Vision 2010 programme.

The deal would enable the bank to achieve business transformation and ensure better IT operations. TOS provides service manageability, flexibility and unified process excellence across various IT elements.

This is Wipro’s 10th TOS contract in India. The company is focussing on the banking industry for over two decades. Some of its Indian clients include the HDFC Bank and Yes Bank.

”Our business with the banking sector is in excess of $700 million a year globally and we are actively waiting to serve some of India’s public sector banks,” said Azim Premji, Chairman, Wipro.

“This project will begin by implementing the initial infrastructure at 10 branches within six months and in a period of four years, 850 branches will be centralised and integrated,” said Anand Sankaran, Vice-president, Global IT Outsourcing, Wipro.

The bank with over 10,200 employees and over 9.7 million account holders across more than 1,000 branches in India signed the deal in order to reduce and manage overheads through efficient use of IT and leverage IT to increase business volume. ”Customers is the reason for our existence,” said, P L Gairola, Chairman, Dena Bank.