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. 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. More information is available at Media Contact: First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services.
Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. (NYSE: FHN), with $87.9 billion in assets as of June 30, 2021, is a leading regional financial services company dedicated to strengthening the lives of our associates, clients, shareholders, and communities. Together, we discover ideas and connect the dots to build a better and a bold new future.įirst Horizon Corp. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 200,000 dedicated employees serving clients across six continents. 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. Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. Wipro has a successful history of supporting cloud migration for a range of enterprises, taking a bespoke approach that considers the unique situation of every customer and partner to create the ideal digital transformation. Through a collaborative process, we addressed the unique challenges of converting to a cloud-based ecosystem and setting up new capabilities to build upon in the future,” said Anthony Restel, Chief Operating Officer, First Horizon. “We are proud to work with Wipro to support VirtualBank’s adoption of cloud technology and new capabilities. Wipro is proud to be First Horizon’s strategic business partner in this journey which has better equipped both companies for the future,” said Mahesh Raja, Vice President and Sector Head - Banking and Financial Services, Americas, Wipro Limited. A repeatable playbook was created for the go-live launch sequence that can bring a competitive advantage to the market. Wipro was able to help guide the process by combining the best aspects of modern and legacy financial systems. “Offering full cloud support to a digital bank with thousands of customers was a challenging exercise. Wipro’s business domain and technological insight and expertise contributed to a rapid cloud migration, requiring about eight months to complete the project implementation. Wipro also invested in a real-time event aggregator capable of collecting mission critical events from various cloud sources and reconciling and reporting on them for regulatory purposes. Wipro partnered with FHN to evaluate the fintech cloud products developed end-to-end solution architecture, core configuration and accounting fund flows and managed customer data migration and a quality assurance plan. This partnership resulted in a comprehensive transformation of VirtualBank’s legacy technology stack to a cloud-based, Application Programming Interface (API) enabled offering.
Wipro also supported the bank’s end-to-end program management, governance, customer data conversion, migration and validation, systems integration and testing services.
Wipro worked with six other companies to streamline VirtualBank’s cloud migration and support its fintech stack on a public cloud ecosystem. The combined entity’s assets are approximately $87 billion. New York, USA and Bangalore, India – September 13, 2021: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, has partnered with Tennessee-based First Horizon Bank (FHN) to transform the core banking channels and servicing capabilities of VirtualBank, an established digital bank that FHN inherited from Louisiana-based IBERIABANK as part of the merger completed in 2020. Partnership enables seamless transition to cloud ecosystem and integration of new fintech capabilities
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