Wipro’s Open Banking API platform enables banks to create an Open Banking API infrastructure where they can co-host pre-packaged Open Banking APIs and Payment Services Directive 2 (PSD2), their fintech partners’ technology capabilities, and mash them with the bank’s core competencies. All of these are exposed as APIs and opened up to the developer community to foster innovation.

Key Takeaways

• Create new business models and

penetrate new digital channels

• Facilitate an ecosystem to deliver

innovative services

• Collaborate with fintech firms

to provide superior customer

experience

• Comply to regulatory measures such

as PSD2/ Open Banking

Open Banking API platform

service transformation

Accelerate Open Banking standard adoption and FinTech initiatives

Create a new ecosystem of consumers, new business models and offer seamless banking experiences to customers

Solution overview

The platform enables rapid model-driven API

enablement of disparate enterprise back-end

applications, automated API lifecycle built on

the principles of DevOps, and distributed

deployment model leveraging micro services

and containerization.

Key features

• Rapid exposure of bank’s core services

as APIs

• Build value networks and ecosystems

• Hackathon platform for crowdsourcing

and co-innovation

• Model-driven API definition and automated

API specification generation

• Cloud/on premise hybrid PaaS model

• Pay-as-you-go pricing model

Key business benefits

• Facilitate new revenue channels

• Enable Open Banking standards

• Increase Open Banking adoption

• Reduce time-to-market

• Deliver 40% faster time-to-value

• Provide 30% faster development time

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 a dedicated

workforce of over 170,000, serving

clients across six continents. Together,

we discover ideas and connect the dots

to build a better and a bold new future.

For more information, please write to

us at info@wipro.com

Wipro Limited Doddakannelli, Sarjapur Road, Bangalore-560 035,India

Tel: +91 (80) 2844 0011 Fax: +91 (80) 2844 0256 wipro.com

IND/B&T/JUL-DEC2017