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Wipro Limited, a leading technology services and advisory company, has announced the launch of a new Middle East Financial Services Advisory feature.
Capco, a Wipro company, will provide financial services companies in the Middle East with strategic management and technology consulting capabilities to realize their transformation, digitalization and business integration plans.
Regional macroeconomic trends, including the diversification of the petrodollar economy, are driving significant investment in financial services, with a focus on digital innovation, neo-banking, post-merger integration and core mass transformation.
mining growth
Against this changing backdrop, consulting spending in the Gulf Cooperation Council (GCC) region will reach USD 3.3 billion in 2022 – of which financial services will account for about 30% – and is expected to grow by 30% year-on-year in the near term. With expertise in transformation programs for Tier 1 financial institutions, Capco is well positioned to capitalize on growth opportunities in the region.
The new advisory capability will be led by Naim Alame as its Middle East managing partner. He joins from Accenture Middle East, where he has extensive experience in financial services, delivering digital and core transformation programs for top banks in the region.
Lance Levy, CEO of Capco and Executive Sponsor of Wipro’s Financial Services practice, said: “Our aim in the Middle East is simple – to make Capco a creative, disruptive management and technology consultancy for the region’s most prestigious Supporting financial services organizations. Capco has always strived to push boundaries and create new opportunities for our business and our people. Our new business in the Middle East will continue to deliver on this goal.”
value proposition
Alame said: “The success of Capco’s innovative and entrepreneurial approach is recognized across the financial services industry. Capco’s bold ideas and value proposition will enable financial services firms in the region to expand the reach, accessibility and appeal of their products to customers . I look forward to working with clients in the Middle East to design and implement bespoke strategic plans that deliver real value and differentiation.”
Mohamad Hamza, Regional Head of Banking, Financial Services and Insurance (BFSI) Middle East, Wipro Limited, said: “The launch of Capco’s Financial Services Advisory capability will allow us to accelerate innovation initiatives and end-to-end transformation journeys for clients in the Middle East. Capco and Wipro Capabilities The combination of the two will enable us to provide front-to-back advice on our clients’ most pressing challenges and opportunities. We believe this new advisory focus will strengthen our growth ambitions in the region.” — trade arab news agency
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