Mphasis has launched a Centre of Excellence (CoE) for Financial Services in Buenos Aires, Argentina.
The company has initially hired 50 technology experts and plans to increase the team to approximately 200 by the end of the year.
The CoE will focus on applied Artificial Intelligence (AI) solutions for the Financial Services sector in Argentina and the Latam region, utilizing Mphasis.ai.
Argentina will serve as the base for Latam operations to implement Mphasis.ai at scale in the financial services market and will integrate capabilities from the Mphasis.ai business unit, acting as the core location for North America operations.
Mphasis currently serves 13 of the top 15 retail banks and 7 of the top 10 insurance firms in North America, many with operations in the Latam region.
Nitin Rakesh, CEO and Managing Director of Mphasis, stated that the expansion leverages the region’s strong expertise in Banking and Financial Services and technology capabilities.
Eric Winston, EVP, General Counsel and Chief Compliance, Risk & Ethics Officer, highlighted the opportunity to drive innovation and deliver differentiated value to clients globally by combining industry knowledge with Mphasis’ technological expertise.
The company will drive Savings-Led Transformation in Argentina by applying its fintech expertise to modernize legacy systems, improve customer experience, and deliver digital-first financial solutions.
Mphasis has announced openings for various digital roles, including IT Applications, Front-end and Mobile Development, AI/ML Engineering, and Cybersecurity.