MphasiS Limited has informed the Exchange regarding a press release dated Jun 05, 2025, titled "Mphasis launches Centre of Excellence (CoE) for Financial Services in Buenos Aires, Argentina".
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Mphasis has inaugurated its first Centre of Excellence for Financial Services in Buenos Aires, Argentina, starting with 50 technology experts and planning to scale to around 200 by year-end. The CoE will focus on AI-powered solutions for the financial services sector, serving as the base for Latin America operations and the core hub for North American operations. The company already serves 13 of the top 15 retail banks and 7 of the top 10 insurance firms in North America, many with significant Latam operations. The centre will drive innovation in cloud, AI, data, banking, and payment services, with hiring planned across application development, AI/ML engineering, cybersecurity, cloud engineering, and data science roles.
This expansion strengthens Mphasis's global delivery footprint and positions it to tap into Argentina's growing tech talent pool and fintech expertise, potentially supporting revenue growth in the financial services vertical. For shareholders, it signals continued strategic investment in AI-led capabilities and geographic diversification beyond India.