EAST WEST BANK led to its use in our fraud management systems . Now , our focus is around product growth and commercial banking .”
In regard to EWB ’ s partnership with FIS , there are three different dimensions that Shi explains in detail .
“ Dimension one is that FIS is our core banking system , our system of record for all of our deposits and long-term information . Number two is we ' re starting to also be exploring some of the newer capabilities that FIS has ; for example , we ' re evaluating their specialty loan system for our use and completing a wire system replacement using FIS ' technology .
Parker adds : “ Lastly , in regard to FinTech , we are also working with FIS to explore new innovations and capabilities that they ’ re building . So , for example , we know that they ' re investigating how to incorporate crypto into their ecosystem . Once that ’ s stable , we ' re definitely going to be working with FIS to see if that is something we can also explore .
“ We ' re looking at them as a strategic partner to help us continue to evolve our core systems and transaction processing capabilities .”
In addition to being a strategic consultant for EWB ’ s digital transformation journey , Wipro has also been the bank ’ s delivery partner . This allowed for the acceleration of EWB ’ s digital bank launch , while also providing the opportunity to review the new product sets by the Capco team , which is part of Wipro .
This partnership with Wipro has , in Shi ’ s words , helped “ ideate new growth strategies ” and exposed “ some new revenue opportunities to extrapolate ” in terms of