Wipro bets on Capco, Cloud, artificial intelligence to power BFSI revenue

To fortify its BFSI vertical, Wipro is investing in technologies like cloud and AI. Dann mentioned that Wipro's recent $1 billion investment in AI aligns with this vision

Wipro is betting on artificial intelligence (AI) and Cloud computing to earn more from its biggest contributor — the banking, financial services & insurance (BFSI) sector — which brought in 35 per cent of the revenue in FY23. The Bengaluru-headquartered firm also expects its consultancy arm Capco to aid in its vision.

“Over the past few years, we have made significant investments in the BFSI sector and have improved our talent, capabilities, and processes in this space — both through organic investments and with the addition of Capco,” Suzanne Dann, Wipro’s chief executive officer for Americas 2, told Business Standard.