- Expects to create 1,000 UK jobs and provide best in class
upskilling and training in digital transformation focused on
banking and insurance industries
LONDON, May 4, 2021 /PRNewswire/ -- Mphasis, (BSE:
526299) (NSE: MPHASIS), an Information Technology (IT) solutions
provider specializing in cloud and cognitive services, is
expanding its footprint in the UK with a special focus on Customer
led Digital Transformation initiatives in banking and
insurance, by establishing a nearshore center, outside of
London. Mphasis expects to:
- Create close to 1,000 UK jobs to begin with; capability to
scale and cater to customers even beyond the UK, thus potentially
creating a much larger opportunity in the job market
- Invest over GBP 25 million
upfront towards establishing a UK center
- Provide best in class upskill and training in both digital
transformation as well as domain expertise in the UK banking and
insurance segments
UK Prime Minister Boris
Johnson said, "Trade and investment between the UK
and India is creating good jobs
and sustaining livelihoods in both of our countries. I'm very
pleased that Mphasis has decided to join the legions of Indian
companies investing in the UK, boosting our tech sector, and
driving economic growth."
"Having successfully executed at least half a dozen similar
transformational partnerships in the banking and insurance
industry, we are confident of building for the future and ensuring
a client-first approach. I am excited to elevate our presence in
the UK to support future growth, improve operating agility,
flexibility and harness local capabilities towards bolstering our
offerings over the long term," said Nitin Rakesh, CEO and Executive Director,
Mphasis.
Focused on the insurance market, this centre aims to deliver the
best technology and insurance operations services to clients
through innovation in operational, technological, and service
excellence. Mphasis brings its existing digital and domain
expertise, as well as global capabilities to constitute a
proposition and capability that can be harnessed and tailored to
meet individual UK client needs.
About Mphasis
Mphasis (BSE: 526299) (NSE: MPHASIS), applies
next-generation technology to help enterprises transform businesses
globally. Customer centricity is foundational to Mphasis and is
reflected in Mphasis' Front2Back™ Transformation approach.
Front2Back™ uses the exponential power of cloud and cognitive to
provide hyper-personalized (C=X2C2 TM=1)
digital experiences to clients and their end customers. Mphasis'
Service Transformation approach helps 'shrink the core' through the
application of digital technologies across legacy environments
within an enterprise, enabling businesses to stay ahead in a
changing world. Mphasis' core reference architectures and tools,
speed and innovation with domain expertise and specialization are
key to building strong relationships with marquee clients. Click
here to know more.
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