Power Growth by Using Technology Smartly


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YES BANK smartly avoid getting overshadowed by bigger and older banks through outsourcing modular, off-the-shelf technology solutions that allow it to pace spending in line with growth.

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Power Growth by Using Technology Smartly

  1. 1. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL1 Power Growth by Using Technology Smartly CIO Series, YES Bank
  2. 2. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL2 Data: The New Digital Disruption YES BANK smartly avoid getting overshadowed by bigger and older banks through outsourcing modular, off-the- shelf technology solutions that allow it to pace spending in line with growth. Large doses of creativity are helping the bank to find novel ways to reach India’s unbanked population and to bypass the limits of its branch network. .
  3. 3. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL3 The Success Story Focus moved from keeping the lights on to business transformation Cloud platforms to access technology at the pace & intensity the bank needs it Total outsourcing (of routine IT) & focusing on strategic issues Using new-age tools to generate new business. Put together a separate innovation team to looking for “new ways of doing things
  4. 4. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL4 Landmarks Crossed First to use a ‘public cloud’ platform for routine banking services like enabling customers to open new accounts online YES BANK is also the “first bank to have done total outsourcing [of routine IT requirements],” Since its inception in 2003, YES BANK has grown rapidly to become India’s fourth-largest private sector bank
  5. 5. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL5 Plug and Play for New Services Moved the technology function to a “service-oriented architecture,” where solutions are procured as a service from multiple vendors. It allows it to shift management focus away from routine tasks to “business transformation” projects to drive growth. “It just have to plug in a channel, and what used to take months now takes days.”
  6. 6. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL6 Counting the Gains Drop in attrition Spends more time in business transformational projects Plan smoothly for the bank’s tech platform upgrades
  7. 7. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL7 For more details please visit the link below: http://www.wipro.com/insights/academia-collaboration/CIO- series/power-growth-by-using-technology-smartly-says- yes-bank-CIO-Amit-Sethi
  8. 8. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL8 Wipro set up the Council for Industry Research, comprised of domain and technology experts from the organization, to address the needs of customers. It specifically surveys innovative strategies that will help customers gain competitive advantage in the market. The Council, in collaboration with leading academic institutions and industry bodies, studies market trends to help equip organizations with insights to facilitate their IT and business strategies. For more information on the Research Council visit www.wipro.com/insights or mail wipro.insights@wipro.com About Wipro Council for Industry Research
  9. 9. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL9 About Wipro Technologies Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognised globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over 140,000 employees and clients across 57 countries. For more information, please visit www.wipro.com
  10. 10. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL10 Thank You ©Wipro Limited, 2013. All rights reserved. For more information visit www.wipro.com No part of this document may be reproduced in whole or in part without the written permission of the authors. Wipro is not liable for any business outcome based on the views presented in this document. For specific implementation clients should take advise from their client engagement manager.