Fintech: Southeast News

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Posted September 15, 2021

 

Wipro Limited has forged a partnership with Tennessee-based First Horizon Bank (FHN) for transforming the key banking channels and servicing capabilities of VirtualBank.

First Horizon Bank had inherited VirtualBank, which is a digital bank, from Louisiana-based IBERIABANK, as part of the merger that closed last year.

The assets of the combined entity are around $87 billion.

Wipro said that it had worked with six other firms for streamlining the cloud migration of VirtualBank and for supporting its fintech stack on a public cloud ecosystem.

The Indian IT services provider is also said to have supported the end-to-end program management, customer data conversion, governance, migration and validation, systems integration and testing services of the bank.

The partnership is said to have resulted in a comprehensive transformation of the legacy technology stack of VirtualBank to a cloud-based, application programming interface (API) enabled offering.
Wipro partners with First Horizon Bank for cloud migration of VirtualBank

Wipro partners with First Horizon Bank for cloud migration of VirtualBank. Photo courtesy of Rameshng/Wikipedia.org.


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