Mphasis has granted 51,520 options and 12,880 RSUs under ESOP on 24 June 2024. Powered by Capital Market - Live News

Mphasis will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live News

Mphasis announced that it has adopted HPE GreenLake cloud with HPE Alletra Storage to accelerate IT transformation for its healthcare clients. This technology aims to accelerate the company`s cloud journey while strengthening security environment to improve healthcare operations, ensuring high performance, reliability, and scalability. HPE Alletra enables enterprises to run every workload without compromise through a cloud operational experience, whether at the edge or in the cloud. HPE technologies host Mphasis`s Javelina platform, which houses provider and member data. Mphasi offers a comprehensive healthcare solution tailored for payer core administrative processing. This solution equips the back-office operations of healthcare payers, including health plans, self-insured third party administrators, and government programs. HPE Alletra has helped Mphasis expand storage capacity with improved performance and enhanced flexibility in migrating customer workloads with encryption at rest, while advanced management tools have increased process efficiencies for IT and infrastructure. These tools also improve storage facility management and monitoring. Additionally, utilization insights gained from these tools support better future planning and optimization.Powered by Capital Market - Live News

Mphasis announced that it has achieved the Specialized Pega Partner Distinction in the Americas for Insurance. Mphasis serves as a strategic partner of Pega, the leading enterprise AI decisioning and workflow automation platform provider, offering extensive Insurance-centric Pega expertise to build solution offerings adhering to industry best practices, regulations, and standards.For over 15 years, Mphasis has implemented 150+ successful projects with Pega as a cornerstone in our cloud and cognitive-based business transformation for clients in Insurance, Financial Services, Logistics, and Healthcare. Our distinction in Insurance is built on two decades of being a trusted advisor and a go-to partner for Insurance carriers, leveraging Pega solutions to drive transformation and elevate customer experiences. Mphasis has displayed numerous successful Pega implementations, employing design thinking and AI to boost productivity, reducing time to market, and enhancing client satisfaction. Additionally, this distinction enables Mphasis to focus on niche Insurance domain areas of Contact Center Transformation, New Business, Underwriting and Claims Automation, Policy Administration, Reinsurance, Loss Control, Escrow, and Clinical Risk Management. Furthermore, with Pega GenAI, Mphasis has started to drive client success in specific areas of Gen AI-generated Low code and improve stakeholder engagements for CSRs, Brokers/Agents, and Affinity Partners with targeted summarization/content generation through AI-powered assistants and contextual guidance. Powered by Capital Market - Live News

Mphasis announced its strategic partnership with Classiq, a leading quantum software company to demonstrate and commercialize industry solutions powered by Quantum. The strategic partnership aims to accelerate the adoption of quantum solutions for enterprises by integrating them into its operations. The collaboration is committed to fostering innovation and redefining technological boundaries and paving the way for a quantum-powered future. Classiq leads in quantum computing software and has developed a platform for faster and more efficient quantum algorithm design. Mphasis will focus on building industry solutions in sectors such as BFSI, Lifesciences, Healthcare, Supply Chain & Logistics, Chemistry, utilizing these advanced algorithms. By leveraging Classiq`s quantum platform, Mphasis will develop industry-specific intellectual properties (IPs) and will also jointly market and implement customer IPs, execute customer projects, and provide support for the commercialization of Classiq`s platforms and IPs. Powered by Capital Market - Live News