New York City, Jun 23, 2020 (Issuewire.com) - Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology solutions provider specializing in cloud and cognitive services, today announced that it has been recognized as a Major Contender by Everest Group in the report "Wealth Management Operations - Service Provider Landscape with Services PEAK Matrix® Assessment 2020".
March 2020's PEAK Matrix report analyzed the capabilities of 20 global wealth management operations service providers specific to the banking and financial services, and Insurance sectors (BFSI), and identified 12 service providers as the "2020 Wealth Management Operations Services Major Contenders" based on the assessment of absolute market success and overall capability. Mphasis emerged as a Major Contender with offerings spanning across the front-, mid-, and back-office operations as well as risk and regulatory services.
Based on Everest Group's evaluation, Mphasis is positioned as a Major Contender within the 2020 PEAK Matrix. Mphasis has been able to consistently grow its portfolio within the wealth management segment, developing its overall capabilities and enhancing value add services to support front-, mid-, and back-office operations. Through the investment in creating products such as maturity models, trading desk, and digital advisory, Mphasis has furthered its geographical capital market portfolio for both existing clients, as well as prospective buyers.
"We are honored that Mphasis has been recognized for our efforts within the wealth management operations sector. At Mphasis, it is our endeavor to take advantage of new digital ecosystems, focus on product development efforts on brand-new digital offerings, and continuously innovate our business model," said Dinesh Venugopal, President - Mphasis Digital and Direct. "The services that Mphasis offers are standardized across borders for customer use and can integrate with other offerings."
"As most wealth managers' clients shift from baby boomers to Generation X to millennials, the traditional ways of doing business are increasingly insufficient. To stay relevant in the industry, wealth managers are looking to partner with service providers that can support them on the digital transformation journey," according to Robin Jain, Practice Director, Everest Group. "Mphasis is taking the right steps by augmenting its existing core offerings with newer digital services that enable it to help its clients be future-ready."
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 the Mphasis' Front2Back Transformation approach. Front2Back uses the exponential power of the cloud and cognitive to provide hyper-personalized (C=X2C2 TM=1) digital experience 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.
Mphasis Corporate Communications
+1 (347) 268-0661
Mphasis Corporation 460 Park Avenue South Rm 1101 New York - 10016 USA
Source :Mphasis Corporate Communications
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