Mastek, the high end global provider of vertically focused enterprise technology and platforms has signed multiyear strategic framework agreement with the FSA to become an application development partner to the regulator for the next 4 years. The strategic deal is the culmination of an exhaustive competitive selection process that saw Mastek being selected in particular for a strong track record in delivering large, complex and innovative projects.
The FSA is the main statutory regulator for the UK financial services industry regulating some 29,000 financial services firms, set up by the government in 2001. Mastek is now one of a handful of approved service providers’ to the FSA, and will focus especially on the provision of application development services, working to support the FSA’s objectives to meet its regulatory and operational goals.
Becoming the one of the selected application development partners for the UK’s regulatory authority is a glowing reference for Mastek’s financial services capability and highlights how well Mastek’s delivery capability and track are regarded in the market. Mastek has been chosen by the FSA for its extensive capabilities in the area of successfully handling large, complex, business critical programmes and application development. The agreement further establishes its specific expertise in being able to cater for the banking and financial sector services.
| Company Name | CMP |
|---|---|
| TCS | 2578.45 |
| Infosys | 1311.95 |
| HCL Tech. | 1428.35 |
| Wipro | 202.40 |
| Tech Mahindra | 1504.10 |
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