Bharat Neeti

BHARAT NEETI

Be Ahead With Economy And Policy Updates

BHARAT NEETI

Be Ahead With Economy And Policy Updates

Mastek secures initial £15million contract with the Financial Conduct Authority to strengthen its digital delivery capability

(Image Courtesy: Mastek Limited)
WhatsApp
Copy link
URL has been copied successfully!

Mumbai: Mastek (UK) Limited, a Wholly owned Subsidiary of Mastek Limited, a trusted AI-first digital engineering and cloud transformation partner announced that it has secured two years contract with the Financial Conduct Authority (FCA), with a deal value of £15 million and with a further possible extension of 2 years to support the client’s Digital Delivery Hub (DDH).

The contract award has been formally published on the UK Government’s procurement platform, confirming Mastek’s appointment for Engineering and Development Work.

The partnership reinforces Mastek’s growing influence as a specialist provider for high-integrity regulatory
bodies. The FCA, which serves as the UK’s statutory regulator, is responsible for safeguarding market integrity and protecting consumers. The UK Government is currently undertaking a significant regulatory modernisation effort to strengthen consumer protections, improve market resilience, and future-proof oversight frameworks. These transformation programmes are vital to the UK’s financial infrastructure and part of a wider Critical National Importance agenda, with Mastek supporting delivery through its digital execution capabilities.

The FCA is expanding its Digital Delivery Hub, a function dedicated to building modern, user-centered digital products and platforms. Under this partnership, Mastek will provide specialised digital engineering and service management expertise to scale and modernize processes.

Mastek was selected for this role based on its deep engineering expertise, contextual understanding, and proven track record in delivering complex, compliance-abiding transformation programmes.

Abhishek Singh, President UKI & Europe, Mastek, said,” This engagement marks an important step in our UK growth journey as we contribute to the modernisation of institutions central to the country’s financial and regulatory infrastructure. Our disciplined execution and sensitive handling of compliance, confidentiality, and delivery integrity have reinforced Mastek’s role as a trusted digital partner to programmes of critical national importance.”

You are warmly welcomed to India’s first On-Demand News Platform. We are dedicated to fostering a democracy that encourage diverse opinions and are committed to publishing news for all segments of the society. If you believe certain issues or news stories are overlooked by mainstream media, please write to us. We will ensure your news is published on our platform. Your support would be greatly appreciated if you could provide any relevant facts, images, or videos related to your issue.

Contact Form Demo