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Andy Efstathiou

Andy is the Banking Sourcing Research Director at NelsonHall where he has global responsibility for Retail and Commercial Banking BPS, Capital Markets BPS, and RPA, AI, and FinTech services in Banking, including consulting, design & deploy, and operations support.

WNS - Retail Banking BPS

Vendor Analysis

by Andy Efstathiou

published on Jun 08, 2016

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Report Overview:

This NelsonHall vendor assessment analyzes WNS’ offerings and capabilities in retail banking BPS.

Who is this Report for:

NelsonHall’s retail banking BPS vendor assessment for WNS is a comprehensive assessment of WNS’ retail banking BPS offerings and capabilities designed for: 

  • Sourcing managers monitoring the capabilities of existing suppliers of capital market process outsourcing and identifying vendor suitability for retail banking BPS RFPs 
  • Vendor marketing, sales and business managers looking to benchmark themselves against their peers 
  • Financial analysts and investors specializing in the support services sector. 

Scope of this Report:

The report provides a comprehensive and objective analysis of WNS’ retail banking BPS offerings, capabilities, and market and financial strength, including: 

  • Identification of the company’s strategy, emphases and new developments 
  • Analysis of the company’s strengths, weaknesses and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization including the location of delivery locations.

 

Key Findings & Highlights:

This NelsonHall assessment analyzes WNS’ offerings and capabilities in retail banking services. WNS is one of a number of retail banking services companies analyzed in NelsonHall’s comprehensive industry analysis programs.  

In 2006, WNS started its retail banking BPS business with the acquisition of Trinity Partners, a mortgage processing BPS vendor, to pursue the mortgage services business. WNS’ RB BPS business grew, primarily from mortgage servicing contracts, until the economic downturn. As the financial crisis accelerated, the mortgage BPS business shrank in terms of revenues (~50%) and clients, consistent with industry experience. Since 2011 however, the mortgage BPS business has been growing. Over the years, WNS has added retail banking BPS services across the entire range of bank products, including payments, deposits, and loans.   

WNS delivers its service from ten delivery centers:

  • Gurgaon 
  • Mumbai
  • Pune
  • Nasik
  • Bangalore
  • Chennai
  • Colombo, Sri Lanka
  • Cape Town
  • Manila
  • Columbia, S.C.

Client geographies supported include:  

  • U.S.
  • U.K.
  • ROW. 

WNS’ primary targets for retail banking BPS are: 

  • Regional and superregional banks headquartered in the U.S. 
  • Payments services vendors headquartered in the U.K.
  • Leading retail banks in headquartered in Middle East, Australia, South Africa, and India.

 

In future, WNS will continue to target mid-tier banks based in the U.S., U.K. and Australia, with assets north of $30,000m.

WNS’ retail banking BPS strategy is to:

  • Develop long term partnerships based on operational excellence and providing “skin in the game” (WNS investments in operations for clients such as captive acquisition) 
  • Enhance its customer marketing and support offerings 
  • Engage with new/existing customers in an outcome based pricing model Target niche markets such as AML compliance offerings along with risk analytics 
  • Provide clients without relevant offshore operational experience with consulting and transition management services, to facilitate the creation of offshore operations and emerging markets entry (e.g., BOT) 
  • Provide continuing operational savings from process management skills (i.e. Six Sigma management techniques) and scale operations. 

 

 

 

 

 

Table of contents:

Table of contents:

  • Background
  • Revenue Summary
  • Key Offerings
  • Delivery Capability and Partnerships
  • Delivery
  • Pricing and Contracts
  • Platforms and Intellectual Property
  • Changes to Operations
  • Target Markets
  • Strategy
  • Strengths and Challenges
  • Strengths
  • Challenges
  • Outlook

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