Thomson Reuters selects Mphasis for wealth management outsourcing solutions

Thomson Reuters has struck an agreement with India-based IT solutions provider Mphasis to provide wealth management outsourcing solutions

Thomson Reuters, a multinational mass media and information firm, has struck an agreement with India-based IT solutions provider Mphasis to provide wealth management outsourcing solutions to its BETA customers.

The IT provider will offer Reuters’ BETA customers outsourcing solutions to support various back office processes as part of the deal.

The services provided by Mphasis will cover client management, branch operations, trading operations, custody, reference data as well as client reporting.

Mphasis global head & SVP of business process services Anurag Bhatia added: “Thomson Reuters BETA clients can leverage this partnership to focus on their core; servicing and creating value for thier customers. We are confident this partnership will strenghren Thomson Reuters offering in the industry and help its clients increase the rate customer acquisition and asset retention while improving operations.”

Thomson Reuters managing director of wealth management David Akellian said: “Mphasis has the wealth management operations expertise, experience using the BETA platform, scale, and commitment to information security that will allow our customers to focus on serving their clients better, rather than managing the day-to-day demands of back-office operations.”

Thomson Reuters BETA is a complete suite of products that facilitates management of the daily tasks of back office business.