Wipro Unveils "Lend Value" Enterprise Loan Origination Solutions

       Wipro Unveils "Lend Value" Enterprise Loan Origination Solutions

  PR Newswire

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

JAKARTA, Indonesia and BANGALORE, India, April 24, 2013 /PRNewswire/ --

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.

 (Logo: http://photos.prnewswire.com/prnh/20121129/579804 )

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 http://www.wipro.com .

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 http://www.sec.gov . 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.

Media Contacts:

India Dirk Lewis Wipro Technologies +91-7760983976 dirk.lewis@wipro.com  

US Eric Belove Wipro Technologies +1-732-216-6242 eric.belove@wipro.com

UK Rahul Kadavakolu Wipro Technologies +44-7920205496
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