“Can Mphasis become the go-to technology integration and platform-engineering partner that enables global banks and fintechs to modernize and embed financial services at scale?”
Founded in 1992 as a technology services company, Mphasis built its core around IT outsourcing for banking, financial services, and insurance (BFSI) clients. Over two decades it accumulated deep domain expertise in payments, corporate banking, lending, and compliance technology. Under Blackstone ownership since 2016, Mphasis repositioned itself as a next-generation technology partner — building cloud-native, AI-driven solutions for financial institutions globally rather than just delivering cost-arbitrage outsourcing. Its embedded finance play is as a service provider and systems integrator for banks and fintechs, not as a licensed financial institution itself.
Mphasis is founded in 1992 and headquartered in Bengaluru, India.
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