MphasiS, a leading IT services provider, today announced that Celent Research Services has recognized the company for strong capabilities across a broad range of wealth management functions including outreach to brokerages, wealth managers, retail banks, asset managers, insurance companies and private banks as well as for providing operational support. The April 2013 report “Wealth Management Outsourcing: Vendor Landscape,” provides a brief overview of the wealth management outsourcing market, followed by a discussion of the vendor landscape.
MphasiS provides wealth management services to the brokerage industry through an intelligent mix of business processes and technology. MphasiS’ solutions are engineered to impact the business positively by increasing operational efficiency, enabling more effective customer management, improving quality standards and lowering operational risk. As a strategic partner of seven of the top ten largest financial institutions and three out of the top five retail banks, MphasiS has built world-class applications in Europe and the U.S.
“We will continue to further enhance on our current suite of offerings, as more wealth managers adopt and embrace an integrated technology and operations approach to meet their day-to-day needs,” said Dinesh Venugopal, executive vice president and head of banking and capital markets at MphasiS.
“MphasiS suite of solutions in the wealth management space covers a broad range of functionality, and the company has developed relationships with a number of product vendors. This will allow them to establish a strong foothold in the market, and demonstrate the benefits of their offering to potential clients,” said Alexander Camargo, analyst at Celent.