23 July 2016
Find out more

London Stock Exchange partners Wipro to launch reconciliation utility

09 July 2014  |  6231 views  |  0 LSE2

The London Stock Exchange has partnered with Indian IT services firm Wipro to launch a hosted reconciliation utility designed to eliminate the needs for firms to invest in technology, people and processes for tracking their outstanding transactions.

Based on a 'pay-as-you-go' pricing model, the utility will marry the LSE's existing UnaVista matching platform with Wipro's expertise in end-to-end service delivery.

Mark Husler, head of product management, information services at the LSE, says customers signing up for the utility can convert their fixed costs to variable, reduce their TCO by 30-40% and benefit from a scalable, standardised process environment.

"This innovative partnership will utilise Wipro's expertise in consultancy and operations and UnaVista's flexible and scalable software," he says. "UnaVista's hosted, global platform means that operations, risk and control functions will get real time visibility on all outstanding issues across their organisation globally. The utility is flexible to customers needs and can incorporate new business and regulatory processes quickly and efficiently when they arise."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Icap makes investment in Model Two Zero

Icap makes investment in Model Two Zero

04 December 2012  |  4315 views  |  0 comments | 1 tweets | 1 linkedin
Dealing firms not ready for real-time reconciliation - survey

Dealing firms not ready for real-time reconciliation - survey

29 October 2012  |  5068 views  |  2 comments | 3 tweets
IT spending on reconciliation and exception management set to soar - Celent

IT spending on reconciliation and exception management set to soar - Celent

15 September 2010  |  9702 views  |  0 comments
SmartStream unveils new CEO, launches on-demand recs service

SmartStream unveils new CEO, launches on-demand recs service

25 March 2009  |  6331 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
7667 views 13 comments | 32 tweets | 36 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7630 views 0 | 14 tweets | 8 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7466 views comments | 22 tweets | 28 linkedin
Brexit-scarred London fintech startups enquire about moving to BerlinBrexit-scarred London fintech startups enq...
7318 views comments | 16 tweets | 16 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
7306 views 3 | 19 tweets | 6 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job