bankingciooutlook

New AI Solutions Adding Value to Enterprise Business Processes

By Banking CIO Outlook | Friday, August 02, 2019

Dinesh Venugopal, President of Mphasis

End-to-End solutions through the combination of process technology and operational knowledge is a dire need for banking institutions to meet the expectations of digital customers.

FREMONT, CA: An information technology solution provider, Mphasis introduces its new Deep Learning algorithms on Amazon Web Services (AWS) Marketplace for Machine Learning. This latest on-demand solutions target practical enterprise use cases, including influence analysis, payment card fraud, and image analytics for supply chain and logistics. The new solution helps users in data experimentation, generating deeper insights from various sources across data estate, and tailor new levels of productivity and efficiency for a wide variety of use cases.

“AWS Marketplace is helping Mphasis put the power of machine learning into the hands of developers virtually everywhere,” remarks Dr. Jai Ganesh -Senior Vice President and Head, Mphasis NEXT Labs. “Our solutions target practical, high-value use cases that can deliver immediate impact and ROI in critical enterprise business processes and operations. And users can deploy them with the speed and security provided by AWS.” 

Core banking technologies have been helping banks to automate their processes to achieve centralized and smooth processing. But banks often find it challenging to harness the capabilities of core banking solutions due to integration challenges. The evolution of new technologies has created new issues for financial institutions. For addressing the complexities such as customer’s demand for digital experience, governance, risk and compliance management, Mphasis is providing organizations with solutions.   

“Using our extensive experience in banking solutions, we have developed domain-specific solutions, knowledge frameworks, and accelerators, which help our customers in accelerating their digital transformation journey,” exclaims Dinesh Venugopal, President of  Mphasis Direct And Digital. “Mphasis continues to invest and create new IP solutions in its key areas of focus- core banking in general and Digital, as well as Governance, Risk, and Compliance (GRC) in particular.”

Specializing in the cloud and cognitive services, Mphasis is partners with multiple large and mid-size commercial banks to offer an in-depth understanding of processes and technologies. The company ranks among Banking CIO Outlook’s 10 Most Promising Core Banking Solution Providers. In its journey ahead, it has plans to invest more in innovation labs to support core banking operations. “For the days to come, we want to contribute more to the digital age which is on the brink of an industrial revolution by providing faster and better solutions set up,” adds Venugopal. 

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