�We are more a pure-play finance vertical comprising clients in banking, capital market and financial services, unlike some of our peers,� Wipro Technologies Senior Vice-President for Finance Solutions, Mr Soumitro Ghosh, told Business Line. Avoiding comparison, he said some of Wipro's peers include their banking product as well as healthcare (insurance) in the verticalMr Ghosh pointed out that while many people believe that it is an advantage to have a banking product, Wipro believes that not having one can, in fact, be an asset.

�Having a banking product is a bit like making an Airbus. But we are more like Singapore Airlines,� he said, alluding to the fact that while his company implemented solutions around banking products, it didn't want to create its own software.

Wipro uses software from other companies, including Infosys, while implementing banking solutions. For example, the company recently won a contract from Canara Bank to implement centralised core banking solution for three sponsored regional rural banks across 900 branches and this solution will use Infosys' Finacle.

�Actually, it is an advantage not to have a product because then you can be agnostic to products.� Mr Ghosh said that if Wipro had a product, there was the danger that clients would perceive that Wipro was more interested in pushing its own product.