Wipro to run KeyBank ODC in Bangalore

Sathya Mithra Ashok

BANGALORE: Wipro will be setting up and running a dedicated offshore development center (ODC) for KeyBank, a US based corporate and investment bank. Informing this KeyBank senior VP, Cynthia Sue Burke added that the center, which will look to employ close to 60 people, would begin operations by the end of October.

"This will be our first attempt at offshoring. We are an extremely conservative group of people at the organization but we have decided to try this out as an initial entry into the field. Depending on the success levels of this venture, we will consider other offshoring measures in the future," said Burke.

Wipro will be setting aside the site for the development center within its premises in Electronic City, Bangalore, according to Burke. She also said that Wipro had been shortlisted from a huge list of vendors who had offered their services for the work, which pertains to IT related support and maintenance activities for KeyBank. She further added that the Ohio based bank has only one other development facility out of its home-town and will not be looking into any BPO till the success of this particular center is proven.

Burke refused to give further details on their plans to ramp up the center and the investment that KeyBank was putting into the center. Wipro officials couldn't be reached for comment.

KeyBank is part of Cleveland-based KeyCorp, a financial services company, with assets of approximately $86 billion. Companies within Key provide services including investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout USA.

(CNS)