Mphasis Named a Major Contender and Star Performer in the Everest Group 2020 PEAK Matrix® Assessment for Banking BPS Service Provider Landscape
- Banking , Cloud , IT Innovations
- 12.08.2020 01:10 pm
Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, announces that it has been recognized as a Major Contender and Star Performer by Everest Group in the report “Banking BPS – Service Provider Landscape with Services PEAK Matrix® Assessment 2020".
July 2020’s PEAK Matrix® report analyzed the capabilities of 31 leading banking BPS providers specific to the banking and financial services (BFS) sector. The assessment identified 19 service providers as the “2020 Banking BPS Services Major Contenders” and 3 service providers as the “2020 Banking BPS Services Star Performers” based on mid-sized providers who continue to evolve their capabilities and gain market share by capitalizing on growing trends such as analytics, Robotic Process Automation (RPA), and other digital levers.
Based on Everest Group’s evaluation, Mphasis has been able to Achieve a more balanced geographical footprint, which improved the company’s presence in Europe. Mphasis has grown at a significant rate over a substantial base and is driven by the expansion in both existing accounts and new large clients.
“We are excited that Mphasis was recognized for our efforts within the banking sector. As we develop in-house solutions that automate end-to-end client onboarding for lending, we also look to expand on various initiatives such as Sparkle Lab where we can take promising start-up solutions to customers,” said Nitin Rakesh, Chief Executive Officer, Mphasis. “Even during these uncertain times, we are expanding our delivery presence with new centers to handle more judgement-oriented processes in lending origination.”
“Technology evolution in recent years has outpaced banks’ abilities to keep abreast of change,” said Robin Jain, Practice Director, Everest Group. “As a result, banks are looking for partners to help them transform and become more agile in their operations. Mphasis offers comprehensive digital platforms and analytics solutions that can help their clients to address the most pressing business needs while improving overall customer experience.”