Saturday, January 28, 2023

Wipro Announces launch of Capco in Middle East

Wipro Limited a leading technology services and consulting company, today announced the launch of a new Middle East financial services advisory capability.

Capco, a Wipro company, will offer strategic management and technology consulting capabilities to financial services firms in the Middle East to enable their transformation, digitization, and business consolidation initiatives.

Regional macroeconomic trends, including diversification from a petrodollar economy, are driving significant investment in financial services, with a focus on digital innovation, neobanking, post-merger integration and core large-scale transformations.

Against this backdrop of change, consulting spend in the Gulf Cooperation Council (GCC) region reached USD3.3 billion in 2022 – of which financial services accounted for some 30% – and is expected to grow by 30 % year-on-year in the near term.

Also Read:  Lenovo Recognized for Global Manufacturing Leadership at World Economic Forum 2023

Given its expertise in successfully driving transformation programs for tier-one financial institutions globally, Capco is well positioned to tap into the growth opportunities in the region.

The new consulting capability will be led by Naim Alame as its Managing Partner, Middle East. He joins from Accenture Middle East and has extensive experience in financial services, delivering digital and core transformation programs across top tier banks in this region.

Lance Levy, CEO of Capco and Executive Sponsor of Wipro’s Financial Services Business said, “Our ambition in the Middle East is simple– for Capco, as a creative, disruptive management and technology consultancy, to support the region’s most prestigious financial services institutions. Capco has always been about pushing boundaries and creating new opportunities, for our business and our people. Our new Middle East presence continues to deliver on that.”

Also Read:  HELLO! to Celebrate Outstanding Achievers and Innovators at the First Ever HELLO! Hall of Fame Awards - South

Naim Alame, Managing Partner – Middle East, Capco said, “The success of Capco’s innovative and entrepreneurial approach is recognized across the financial services industry. Capco’s bold ideas and value propositions will allow financial services firms in the region to enhance the scope, accessibility, and attractiveness of their offerings to their customers. I look forward to partnering with Middle Eastern clients to design and implement bespoke, strategic programs that will deliver true value and differentiation.”

Mohamad Hamza, Regional Head of Banking, Financial Services, & Insurance (BFSI) – Middle East, Wipro Limited said, “The launch of Capco’s financial services consulting capability will allow us to accelerate our Middle East clients’ innovation plans and end-to-end transformation journeys. The combination of Capco and Wipro capabilities will enable us to offer a front-to-back proposition that addresses our clients’ most pressing challenges and opportunities. We are confident that this new advisory focus will strengthen our growth ambitions in the region.”

Also Read:  Clean Harbors - Leading U.S. Environmental Services Company Expands its Global Capability Center in Hyderabad

Content Source: Business Wire India


tvs motors company

TVS Motor Company Posts Cumulative Nine Months PAT of More than...

EV sales in Q3 nearly doubled over previous quarter Bengaluru: TVS Motor Company’s operating revenue grew by 15% at Rs. 6,545 Crores for the...

HELLO! to Celebrate Outstanding Achievers and Innovators at the First Ever...

Mumbai: HELLO! Hall Of Fame Awards, an initiative of the RP-Sanjiv Goenka Group, has announced its first ever South Edition. HELLO!’s most prestigious annual...



Malaysian daily promotes Church Pongal picture on first page, Hindus condemn...

MahaKrishnan With Dravidianist influence on the rise, Malaysian media appears to be encouraging Christian appropriation of Hindu practices. The Sun, a free national daily reported Christians...

No Vibhuti or Kumkum, owners asked to erase Hindu identities of...

MahaKrishnan In an attempt to erase its Hindu identity, Jallikattu bull owners were asked not to apply Chandan, Kumkum and turmeric when they bring...


The greatness of our MOTHERLAND

Swami Vivekananda If there is any land on this earth that can lay claim to be the blessed Punyabhumi (holy land), to be the land...

New Ghatshila SDO Satyaveer Rajak takes charge

Jamshedpur: Satyaveer Rajak today took charge as SDO of Ghatshila sub-division in East Singhbhum district. He took charge from outgoing Sub-Divisional Officer Mr. Amar...

Feel like reacting? Express your views here!

Read More



Subsribe Our Newsletter & get Free Daily News & Opinion updates!

Town Post