Mphasis signs global agreement with Amazon Web Services

Mphasis, an IT provider specializing in cloud and cognitive services, has signed a multi-year global agreement with Amazon Web Services.

The collaboration marks a significant milestone as Mphasis establishes the Gen AI Foundry, led by Mphasis.AI, a dedicated business unit focusing on artificial intelligence solutions and AI use case assessments along with consulting and business transformation, according to a press release.

The Gen AI Foundry will serve as a platform for modeling industry use cases and developing proof of concepts — initially within the financial services industry, with plans to expand across other sectors.

The virtual forum will offer clients the opportunity to experience demos and POCs either at the Mphasis Experience Centre in NYC or AWS Executive Briefing Center in NYC.

The Foundry is dedicated to facilitating its adoption in financial services firms, aiding in accelerating efficiencies and fostering business transformation.

"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 modernization 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," Nitin Rakesh, CEO and managing director of Mphasis, said in the release.