Wipro signed a definitive agreement to buy Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud stuff in financial services.
Over the past decade, it’s claimed, Encore Theme has spent its time and energy e implementing a suite of Trade Finance solutions, developed by Finastra. It has delivered stuff to over 75 large scale Finastra Trade Finance projects for banks across these regions. Its customers are not detailed, but we guess you know who you are.
Financial institutions are all looking to change their trade platforms. Trade Finance is a strong revenue generation stream with a high cost base structure, where technology will play a big part in driving future growth. Interpreting this sentence is difficult but we think it means it costs a lot.
