Mphasis share price up 2% on partnering with US-based fintech startup

Internet Desk | Updated on September 23, 2020 Published on September 23, 2020

The scrip of IT solutions provider Mphasis has risen over 2 per cent on Wednesday trade based on the companies announced that it had tied up with US-based fintech startup Upswot.

The partnership would focus on creating a joint solution offering to help US-based regional and global banks increase revenue and provide insight-driven services to their SMB and mid-market customers, the Bengaluru-headquartered company said in a statement.

The solution will enable access to over 120 apps typically used by SMB and mid-market customers and combine with KPI-oriented analytics on top, it said.

“The offering is intended to provide a powerful overall digital experience for the bank’s customers as well as the bank’s relationship managers,” the statement added.

The stock is currently trading at ₹1,393, up 2 per cent.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on September 23, 2020
This article is closed for comments.
Please Email the Editor