Wipro signs a 150 million dollar contract with Allied Irish Banks

Wipro CEO, Azim Premji

Wipro has bagged a contract with the AIB which is one of the top four commercial banks in Ireland, a 150 million dollar (around Rs 900 crore) for IT outsourcing deals. Wipro has agreed on providing infrastructure management services (IMS), data centers and certain hosting services to the bank for five years.

The company is yet to disclose the terms of the contract. In a statement they mentioned that a range of personal and corporate banking offers will be put on table for AIB.

Wipro has also planned on establishing a Dublin based Service NXT operation centers and also added some prospective of giving opportunities to employees associated with AIB.

The bank’s chief operating officer, Mike Brakes has planned on converting the bank into digital bank with the help from Wipro.

“The deal promises to create opportunities for our people in Ireland,” Brakes said.

In the previous year, Wipro had extended its employee recruitment at the Shannon development center in Ireland that is offering retail banking and insurance customers with business process services (BPS).

The center has more than 300 professionals providing services to banks and financial service companies in Ireland and the UK.

Wipro’s CEO, GK Prasanna said that the contract will also produce employment in Ireland and an additional setup for operational and excellence center in Dublin for locals will be done.

This contract has been Wipro’s highest hitch which will be able to make a clear path for participation of other IT contracts including the Bank of Ireland contract that is due for renewal later this year.

“The bank intends to strengthen efficiencies and provide better ability to serve and support its customers.” Mike brakes said on the occasion.

Wipro’s contract is been seen as a step towards a technological leap of India in the global marketing and trade.

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