Bengaluru: Mphasis (BSE: 526299; NSE: MPHASIS), a global provider of cloud and cognitive services, announced the launch of its first Mphasis Centre of Excellence for Financial Services in Buenos Aires, Argentina, furthering its commitment to AI-driven innovation and digital transformation in the global financial services industry.
The newly established Mphasis Centre of Excellence for Financial Services will initially house 50 technology professionals, with plans to scale to approximately 200 employees by the end of 2025.
Positioned as a strategic hub for Latin America (Latam), the Mphasis Centre of Excellence for Financial Services will focus on deploying Mphasis.ai solutions to modernize financial systems, enhance customer experiences, and lead cloud and AI-first innovation across banking and insurance sectors.
“This expansion is a strategic, long-term investment that leverages Argentina’s fintech strength and Mphasis’ technology leadership to create impactful outcomes for our global clients,” said Nitin Rakesh, CEO and MD, Mphasis.
Argentina’s mature and innovation-driven financial ecosystem, supported by over 150,000 tech jobs and rising IT exports, presents a compelling opportunity for Mphasis to deepen its Latam presence.
The CoE will integrate capabilities from the Mphasis.ai business unit, offering AI-powered, industry-specific applications and personalized digital interfaces for financial enterprises in the region and North America.
Mphasis Centre of Excellence for Financial Services: Key Highlights
- Strategic Location: Buenos Aires chosen for its advanced fintech talent and mature banking infrastructure
- Tech Talent Growth: Hiring to expand from 50 to ~200 by year-end, focused on cloud, AI/ML, cybersecurity, and front-end development
- Regional Impact: Supports local Argentinian enterprises while serving Fortune 100 financial institutions with operations in North America
- Digital Innovation: CoE will drive Savings-Led Transformation™, focusing on legacy modernization, digital banking, and payment solutions
“Argentina’s financial sector is primed for AI-driven modernization,” said Eric Winston, EVP & Chief Compliance, Risk & Ethics Officer, Mphasis. “We are honored to launch our CoE here and contribute to Argentina’s growing knowledge economy.”
Mphasis is currently inviting applications for digital roles across IT applications, mobile development, mainframe modernization, AI/ML, cybersecurity, cloud engineering, and UI/UX design. This talent drive supports the company’s mission to scale innovation and accelerate time-to-market for financial services clients.
With this move, Mphasis reaffirms its strategic focus on building future-ready digital ecosystems that empower financial institutions to navigate disruption and embrace growth across emerging markets.
