Risk Remediation Platform

In highly regulated industries like financial services, insurance, healthcare, compliance risk remains one of the top agenda items for compliance leaders. Significant cases of fraud and mishaps have been reported throughout the industry in recent years, mostly due to spreadsheet-based data processing on User Defined Applications (UDA) applications, which are often not standardized and have limited to no auditable controls. Wipro’s Risk Remediation Platform is built on Pega, one of the industry’s leading AI decisioning and workflow automation solutions and is applicable to both Pega Cloud and On-prem installations. This platform provides a 100% configurable approach to UDA remediation. With the platform in place, highly regulated institutions can rapidly move from manual processes based on email and spreadsheets to an open-architecture-based model that combines the capabilities of Pega with an extract, transform, load (ETL) component using different tools and libraries.