Mphasis and Mindcrest Partner to Deliver Next-Gen Governance, Risk and
NEW YORK, April 15, 2014
NEW YORK, April 15, 2014 /PRNewswire/ -- Mphasis, a leading IT services
provider, today announced the launch of its next generation Governance, Risk
and Compliance (GRC) service along with Mindcrest Inc., a pioneer in legal
services outsourcing (LPO), to its clients in the North America region.
Mphasis, Unleash the Next.
Mphasis' next generation GRC services embed Mindcrest's legal support service
capabilities into their existing GRC framework. This enhanced offering
provides comprehensive solutions that encompass domain and process expertise
and technology enablement.
Mphasis' next generation GRC services cover a gamut of solutions under the GRC
umbrella including remediation, document review, consent order fulfillment,
and corporate compliance research, amongst others. The remediation engine
comprised of people, process and technology cuts across legal, KYC (know your
customer) & mis-sell remediation and is one of the key solutions in this
portfolio of services. These services fulfill the need of the financial
services industry for a GRC framework to implement controls and comply with
"With far-reaching scope and cost pressures around compliance demands, a move
toward converged, end-to-end services, from software and compliance process
support, regulatory content and legal services could serve as a viable route
to better optimize compliance functions and manage escalating costs," said
Cubillas Ding, Research Director Global Finance & Risk, Celent.
"Most GRC services and solutions offered are skewed towards technology.
Technology can only be an enabler. With Mphasis, we are meeting the demands of
the industry to provide domain specialized services. Our strong focus on the
legal domain as a key component of the GRC offering differentiates us from
other providers," said Shantala Sadananda, President of Mindcrest.
"Our augmented GRC services with Mindcrest enables Mphasis to offer its
customers personalized andspecialized GRC solutions including corporate legal
services. This translates to quick and easy adoption and minimal disruption
for the customer," saidDinesh Venugopal, EVP and Head of Banking and Capital
Markets Group, Mphasis. "This ideal framework allows us to deliver value
across all layers; business through technology and process, which few can
offer. This, coupled with delivery capabilities from centers across the U.S.,
ensures minimum barrier for adoption," he added.
Mphasis (an HP Company) enables chosen customers to meet the demands of an
evolving market place. Mphasis fuels this by combining superior human capital
with cutting edge solutions in hyper-specialized areas. Contact with us on
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Since 2001, Mindcrest has been a trusted partner to law firms and in-house
counsel in delivering a suite of legal process outsourcing services in the
areas of litigation, corporate legal services and legal content and
publishing. Our services and operations are underpinned by an experienced
workforce of attorneys, supported by a disciplined approach to execution and
delivery. Mindcrest has been consistently recognized as a leader in legal
process outsourcing by Frost and Sullivan, The Black Book of Outsourcing,
International Association for Outsourcing Professionals and India Business Law
For further information please contact
Joe Palladino or Amanda Fountain
Mphasis Corporate Communications
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