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NEWS UPDATES Asean Affairs   25 April 2013  

Wipro Unveils "Lend Value" Enterprise Loan Origination Solutions

JAKARTA, Indonesia and BANGALORE, India, April 24, 2013

A Comprehensive, Holistic Technology Suite Enabling Lenders to Provide a Variety of Loan Products to Meet Customers' Diverse Needs

Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced the unveiling of its "Lend Value" suite of enterprise loan origination solutions to the Asia-Pacific lending market. The Wipro Lend Value suite of solutions include the NetOxygen Loan Origination system, the Enterprise Mobile Origination (eMO) application and the LendCentric user portal, which are designed to deliver complete optimization across the entire lending value chain; from back-end processing to front-end customer experience.

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Wipro's flagship NetOxygen Loan Origination System is at the core of the product suite. The flexible, rules-based lending system is currently being used by global banks and financial institutions. Some of the features include dynamic workflow, built-in lead management, pricing engine document and image management, and seamless third-party integration framework.

"In the current economic environment, many Asian financial institutions are facing increasing customer demand for a differentiated lending experience. The competitive pressure to grab wallet share is increasing as well," said A Srinivasan, Vice President and Head, Banking Products and Emerging Markets at Wipro. "The Lend Value suite gives these financial institutions the ability to transform their lending businesses by enhancing the borrower experience in the front-end using mobile and online channels, and powering back-end operational efficiencies with a strong loan origination system."

Commenting on the launch Carol J Wheatcroft, Associate Director, Asian Banker Research, said, "This is a timely launch for a well targeted product. Asian Banks are increasingly finding that they need more than just standard loan origination functionality to effectively capture and service their growing customer bases and this enterprise solution addresses requirements from both the bank and customer perspective."    

NetOxygen supports multiple products and channels and allows instant synchronization of loan data across various systems and devices. The product works in coherence with the company's user-centric lending portals and mobile tablet devices to improve the end-user's experience while boosting productivity. In addition, the interactivity of the company's systems and devices deliver a superior customer experience.

About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro 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 recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro has over 140,000 employees and clients across 54 countries. For more information, please visit .

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at . We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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