Mphasis Signed Agreement With AWS – Strengthened Operational Capabilities

The cloud and cognitive services provider Mphasis Limited recently announced a multi-year global Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). This is a big step forward because it means that Mphasis is now leading the Gen AI Foundry. Artificial intelligence (AI) is a specialised business unit that focuses on business transformation, use case evaluations, consultancy, and AI solutions.

The company further added that the Gen AI Foundry will function as a dynamic platform for creating proof of concepts (POCs) and modelling industrial use cases, starting in the financial services industry with plans to expand to other industries. With generative AI solutions customised to meet the needs and goals of the client, this virtual forum will provide clients with the chance to witness demos and proofs of concept at the AWS Executive Briefing Centre (EBC) in NYC or the Mphasis Witness Centre in NYC.

“Our Collaboration with AWS marks a significant leap forward in Mphasis’s journey towards delivering cutting-edge solutions in the area of cloud and cognitive services. The Gen AI Foundry for Financial Services, led by Mphasis.AI, is our commitment to accelerating AI adoption and business modernisation for our clients. By harnessing the power of AWS’s generative AI and data services, we are poised to set new benchmarks in the financial services industry. This initiative reinforces our vision to be the driver of innovation for global enterprises, providing scalable and sustainable technology solutions, said Nitin Rakesh, Chief Executive Officer and Managing Director of Mphasis Ltd.

“AWS is pleased to collaborate with Mphais to enable the introduction of Gen AI Foundry for the financial services industry. Mphasis’ expertise in AWS services and AI/ML capabilities, combined with their dedication to industry-specific solutions, aligns seamlessly with our mission to enable business transformation with cloud computing and the transformative capabilities of generative AI. We anticipate the Gen AI Foundry enabling businesses to leverage AWS’s advanced AI and machine learning services for enhanced experience and greater efficiency in today’s competitive landscape, said Scott Mullins, Managing Director & General Manager of AWS Worldwide Financial Services.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.