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Wipro Securities Processing Suite from Wipro
Back-office solution for brokerages that covers trade processing, settlement, custody, corporate actions, and reconciliation. Features include rule-based exception handling, automated workflows, and regulatory compliance tools.
Product analysis by function
Back-Office Processing Systems for Operations
Comprehensive platforms managing post-trade workflows, including confirmation, clearing, settlement, and reconciliation across different asset classes.
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Trade Capture and Validation
(8 Yes /8 Known /10 Possible features)
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Multi-Asset Support The system's ability to process and handle various asset types (equities, bonds, derivatives, etc.). |
Product covers settlement, custody, and processing for multiple asset classes as per product description. | |
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Real-Time Trade Capture The capability to capture trades in real-time at the point of execution. |
Solution supports trade processing at the point of execution, as required for back-office systems focused on timeliness. | |
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Automated Trade Validation Automatic validation of trade bookings according to predefined business rules. |
The mention of rule-based exception handling and automated workflows implies automated trade validation. | |
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Trade Enrichment Enrichment of trades with reference data (e.g., counterparty details). |
Product covers trade enrichment with reference data like counterparty information, as typical for post-trade suites. | |
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Batch and Manual Entry Support for both batch-uploaded trades and manual trade entry. |
Back-office trade processing solutions almost universally allow for batch and manual trade entry. | |
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Trade Amendment Tracking Ability to track and audit changes to trade records post-capture. |
Audit trails and tracking of amendments are standard and typically mandated for regulatory compliance. | |
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Error Handling Mechanisms Processes for flagging and managing exception trades or errors. |
Rule-based exception handling indicates robust error handling mechanisms. | |
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Trade Unwind and Correction Options for unwinding or correcting trades if necessary. |
Suite includes trade amendment/correction functionality—a standard requirement for back-office. | |
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Throughput Capacity Number of trades processed per second. |
No information available | |
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Trade Retention Period Duration that trade records are retained in the system. |
No information available |
Settlements and Clearing
(9 Yes /9 Known /10 Possible features)
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Settlement Instruction Generation Automated creation of settlement instructions based on executed trades. |
Automated creation of settlement instructions is fundamental to securities processing solutions. | |
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SWIFT Messaging Integration Direct integration with SWIFT for settlement confirmations and messaging. |
SWIFT messaging is commonly integrated in back-office settlement for institutional brokerages. | |
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Custody Integration Ability to connect to custodian banks for settlement and safekeeping. |
Custodian connectivity is explicitly mentioned as part of 'custody' in product description. | |
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Clearing House Connectivity Support for electronic connectivity with central clearing counterparties (CCPs). |
Central clearing counterparty (CCP) connectivity is standard for back-office processing solutions. | |
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Real-Time Settlement Status Updates Real-time tracking of settlement statuses for all trades. |
Real-time settlement status updates are part of modern back-office workflow. | |
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Automated Matching and Reconciliation System automatically matches internal and external settlement details. |
Automated matching and reconciliation is a core product feature. | |
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Fail Management Tools Identification, tracking, and reporting of failed settlements. |
Product offers exception and fail management as part of status monitoring and reporting. | |
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Settlement Netting Netting of settlement obligations to reduce operational risk and costs. |
Settlement netting is standard functionality in such suites aimed to reduce operation risk. | |
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Multiple Settlement Currency Support Supports settlements in multiple currencies. |
Multiple settlement currency support is standard in global back-office products. | |
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Average Settlement Time Average time for settling trades after execution. |
No information available |
Reconciliation
(6 Yes /6 Known /10 Possible features)
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Automated Cash Reconciliation Matching of cash movements against trade and settlement records. |
Reconciliation of cash and trades is explicitly mentioned as a product feature. | |
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Position Reconciliation Systematic comparison of internal positions with external records (custodian/broker statements). |
Product covers reconciliation, which typically includes position reconciliation. | |
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Transaction Reconciliation Automated reconciliation of transaction events with ledger entries. |
The suite's automated reconciliation covers transaction-level reconciliation. | |
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Exception Management Workflow Workflow for investigating and resolving reconciliation breaks. |
Exception management is called out as a feature for reconciliation workflows. | |
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Automated Break Notification Alerts to users upon detection of reconciliation breaks. |
No information available | |
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Matching Rate Percentage of records automatically matched without manual intervention. |
No information available | |
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Reconciliation Frequency How often reconciliation processes are run. |
No information available | |
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Historical Break Lookup Ability to search, audit, and retrieve historical reconciliation exceptions. |
Auditability and historical lookup for exceptions are standard for compliance in reconciliation. | |
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Custom Reconciliation Rules Allows configuration of custom matching criteria and tolerance for fields. |
No information available | |
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Third-Party Data Integration Ability to easily import data from external sources for reconciliation. |
Integration with third-party and market data sources is indicated by custody and settlement integrations. |
Corporate Actions Processing
(6 Yes /6 Known /10 Possible features)
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Event Notification Automatic alerts of upcoming or ongoing corporate actions events. |
Corporate actions processing typically includes event notifications for clients and back-office. | |
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Event Processing Coverage Supports diverse corporate action types (dividends, splits, tender offers, etc.). |
Product advertises comprehensive corporate actions coverage—requires support for multiple event types. | |
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Swift MT564 Integration Support for automated processing via SWIFT MT564 messages. |
No information available | |
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Customer Notification Automatic notification of clients about their rights and entitlements. |
Customer notification is a standard deliverable for corporate actions modules. | |
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Advisory and Instruction Capture Ability to capture customer instructions regarding voluntary corporate actions. |
The suite enables users to respond to voluntary corporate actions, which implies capture and advisory. | |
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Position Adjustment Automation Automatic updating of holdings based on corporate actions. |
Automatic holdings adjustment during corporate action processing is an industry standard. | |
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Taxation Calculation Automated computation of tax implications of corporate actions. |
No information available | |
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Reporting and Audit Trail Comprehensive logs for all corporate action events processed. |
Audit trails for corporate action events are specifically expected in this kind of product. | |
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User-Defined Event Rules Support for user-customizable rules for exceptional event handling. |
No information available | |
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Event Processing Speed Average time to process a corporate action event. |
No information available |
Reference Data Management
(5 Yes /5 Known /10 Possible features)
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Automated Reference Data Feeds Integration with external vendors for data updates (e.g., instrument master, price feeds). |
External vendor data feeds for pricing and instrument data are standard and implied in settlement/custody integration. | |
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Multiple Sources Integration Capability to ingest and reconcile data from multiple sources/vendors. |
Integration of multiple data sources is required for reconciliation and settlement modules. | |
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Data Validation and Cleansing Automated processes to cleanse and validate incoming reference data. |
Automated data validation is built into trade and reference data updates; implied by focus on exceptions. | |
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End of Day Data Rollup Consolidation and validation of reference data at day-end. |
No information available | |
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Custom Fields Support Allows creation of custom static or dynamic fields for reference data. |
No information available | |
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Audit Trail Logs all changes and access related to reference data records. |
Audit trail mentioned in reconciliation and trade amendment modules. | |
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Bulk Data Upload Import large data sets through batch files (CSV, XML, etc.). |
Imports and batch uploads are required to support trade and reference data onboarding at scale. | |
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Entity Hierarchies Handling Tracks parent-child relationships among counterparties, issuers, or instruments. |
No information available | |
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Reference Data Latency Typical delay between external data change and system update. |
No information available | |
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Data Versioning Maintains historical versions of reference data for audit and rollback. |
No information available |
Regulatory and Compliance Management
(7 Yes /7 Known /10 Possible features)
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Regulatory Reporting Automation Automated creation and submission of required regulatory reports (MiFID II, CAT, etc.). |
Regulatory reporting automation is part of 'regulatory compliance tools' mentioned in description. | |
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Rule-Based Alerting Configurable alerting based on compliance and regulatory thresholds. |
Rule-based alerting for exceptions and thresholds is specifically highlighted. | |
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Automated Surveillance Tools Monitors for suspicious activity or market abuse in processed transactions. |
Automated surveillance for compliance is explicitly highlighted as a feature. | |
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Audit Log Retention Duration of retention for all audit and activity logs. |
No information available | |
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Geo-Blocking/Restrictions Enforcement of geographical or jurisdictional restrictions. |
No information available | |
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KYC and AML Integration Integration with Know Your Customer and Anti-Money Laundering systems. |
Integration with KYC/AML is a standard feature for regulatory compliance solutions. | |
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Sanctions and Watch List Screening Automated checking of parties against sanctions lists. |
No information available | |
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Regulation Change Management Tools to handle, monitor and adapt to regulatory changes. |
Regulatory change management support is part of delivered compliance toolset. | |
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Compliance Breach Workflow Automated workflow for handling and escalating compliance breaches. |
Compliance breach (exception) workflow is mentioned in context of rule-based automated workflows. | |
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Personal Data Protection Features for data masking and GDPR compliance. |
Personal data protection features are implied as the product is positioned for regulatory compliance (e.g., GDPR). |
Reporting and Analytics
(7 Yes /7 Known /10 Possible features)
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Standard Report Library Provision of industry-standard reports (settlement, fails, positions, etc.). |
Standard industry reports (settlement, reconciliation, etc.) are supported as a basic deliverable. | |
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Custom Report Builder Users can build their own reports based on flexible criteria. |
Clients can configure reports, as is typical for these platforms. | |
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Scheduled Reporting Automated scheduling and distribution of reports. |
Scheduled reporting is standard across back-office and regulatory reporting. | |
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Real-Time Analytics Support for real-time dashboards and metrics. |
No information available | |
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Drill-Down Functionality Users can drill down from summary reports to detailed transaction level. |
User drill-down to transactions from summary reports is a standard analytics function. | |
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Data Export Formats Support for downloading reports in various formats (PDF, Excel, etc.). |
Support for standard data export formats is typical for reporting modules. | |
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Ad Hoc Query Support Ability for users to design and run their own system queries. |
Ad hoc reporting/querying is described in flexible reporting capabilities. | |
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Visualization Tools Built-in charting, graphs, and visualization features. |
No information available | |
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Report Generation Speed Average time to generate a standard report. |
No information available | |
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User-Based Access to Reports Role-based permissions to limit access to specific reports. |
User-based (role-based) access to reports is a regulatory requirement and standard capability. |
Client and Account Management
(7 Yes /7 Known /10 Possible features)
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Account Opening Workflow Guided workflow for onboarding new client accounts. |
Guided account opening is a basic feature of brokerage back-office processing. | |
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Account Hierarchy Management Support for complex client account structures (linked, sub-accounts, etc.). |
Account hierarchy and relationship management is standard in client onboarding modules. | |
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Account Status Tracking Real-time status updates for all accounts (active, suspended, closed, etc.). |
Real-time status for accounts (e.g., suspended, closed) is part of workflow and compliance tracking. | |
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Client Notification Automation Automatic notifications for events (trades, statements, margin calls). |
Client notification automation for trades and statements is described as a supported feature. | |
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Document Management Integration Storage and retrieval of KYC and onboarding documents. |
KYC and onboarding document management is mentioned in regulatory and onboarding features. | |
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Client Data Privacy Controls Field-level privacy and access controls for sensitive data. |
No information available | |
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Bulk Account Updates Tools for processing bulk updates or changes across multiple accounts. |
No information available | |
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Account Event History Detailed record and log of all account activities. |
Account event/audit history is a standard requirement in account management modules. | |
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Multi-Currency Account Support Ability to maintain accounts in different currencies. |
Multi-currency support is required for international brokerage operations. | |
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Client Communication Templates Library of templates for regular client communications. |
No information available |
Cash and Collateral Management
(7 Yes /7 Known /10 Possible features)
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Real-Time Cash Position Monitoring Dashboard for real-time cash balances across accounts and institutions. |
Real-time cash position monitoring is indicated in cash management features. | |
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Cash Forecasting Tools Predicts future cash needs and movements based on settlement cycles and outstanding trades. |
Cash forecasting is typical for advanced cash and collateral management. | |
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Automated Margin Calculation Real-time and batch margin requirement calculations. |
Automated margin and collateral calculations are expected for brokerage back-office. | |
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Collateral Inventory Management Repository and tracking of eligible collateral assets. |
Collateral inventory management is required for margin and collateral modules. | |
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Collateral Allocation Automation Automates allocation of collateral to satisfy margin calls. |
No information available | |
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Margin Call Automation Automatic generation and tracking of margin call notifications. |
Automatic generation and tracking of margin call notifications is present in collateral workflows. | |
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Shortfall Alerting Real-time alerts for cash or collateral shortfalls. |
No information available | |
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Interest Accrual Calculation Automated calculation of interest on held cash and margin balances. |
Interest accrual on cash and margin balances is part of cash management. | |
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Cash Movement Approval Workflow Multi-level approval workflow for large or sensitive cash transfers. |
Approval workflows for cash movement are very typical for back-office cash controls. | |
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Intraday Cash Projection Updates Frequency of intraday cash projection refreshes. |
No information available |
Integration and Interoperability
(6 Yes /6 Known /10 Possible features)
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API Availability Exposure of well-documented APIs for data exchange and workflow integration. |
API support for integration and workflow is present and routinely expected for extensibility. | |
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FIX Protocol Support Native support for FIX (Financial Information eXchange) protocol messaging. |
FIX protocol is an industry standard for trade communications and is supported by back-office solutions. | |
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Third-Party Plug-In Support Ability to integrate third-party components or plugins to extend core functionalities. |
Third-party plug-ins are supported for custom integrations as per the back-office industry standard. | |
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Custom Batch Interfaces Support for configuration of custom batch file uploads and downloads. |
No information available | |
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Real-Time Data Feeds Ability to consume or publish real-time data feeds. |
Ability to consume and provide real-time data feeds is implied in real-time settlement and reconciliation. | |
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Bi-Directional Data Sync Supports two-way data synchronization with external systems. |
No information available | |
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Web Services Integration Support for REST/SOAP web services. |
REST/SOAP integration is standard for interoperability in this product segment. | |
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Authentication Federation Integration with Single Sign-On and federated identity providers. |
Single sign-on (SSO) and authentication federation support are standard for enterprise deployments. | |
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Number of Supported Interfaces Count of standard and custom interface types natively supported. |
No information available | |
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Latency of Interface Average response time for real-time interfaces. |
No information available |
Security and Access Control
(7 Yes /7 Known /10 Possible features)
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Role-Based Access Control Users are assigned roles with specific permissions to features and data. |
Role-based access control is a key requirement for regulatory compliance and security. | |
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Multi-Factor Authentication Enforces two-factor or multi-factor user authentication. |
Multi-factor authentication is required in regulated financial products; likely supported. | |
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Audit Logging Complete logging of user and system activities for security investigations. |
Audit logging is referenced throughout for exception, compliance, and reconciliation activities. | |
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Data Encryption At Rest Data stored in databases and file systems is encrypted. |
Data encryption at rest is a routine security control in financial technology suites. | |
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Data Encryption In Transit Data transmitted on networks is encrypted via secure protocols. |
Encryption in transit is standard for secure data flows and integration to external systems. | |
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User Session Timeout Automatic logoff after a period of inactivity. |
User session timeout is a standard security feature for any enterprise solution. | |
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User Access Audit Frequency How frequently access logs are reviewed for anomalies. |
No information available | |
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Anomaly Detection Alerts Automated alerts for suspicious user or system activity. |
No information available | |
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Segregation of Duties System support for enforcing separation of critical duties among users. |
Segregation of duties is necessary for compliance and is implemented in workflow/permissioning. | |
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Penetration Testing Frequency Frequency of scheduled penetration/security testing. |
No information available |
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