 "Wipro, London Stock Exchange in strategic pact")
India's third largest information technology (IT) services company Wipro and London Stock Exchange Group (LSEG) have entered into a strategic partnership to provide an end-to-end reconciliation solution for the financial services industry.
The solution will be provided using LSEG's UnaVista platform, which is a global hosted platform for all matching, and reconciliation needs, helping firms reduce their operational and regulatory risk.
"The solution is the first of its kind in the industry that will help financial services firms access an enterprise reconciliation utility without any capital investment," Wipro said in a press release. "The utility solution will be hosted in London Stock Exchange's secure and regulated data centres and delivered to customers by leveraging Wipro's global service delivery capabilities."
The city-based company did not share financial details of this partnership.