Mphasis sets up facility in Hyderabad.

IT services and solutions provider Mphasis has established a Cognitive Hub for Risk and Compliance (CHRC) in Hyderabad for financial services sector. Describing the facility, which IT Minister K.T. Rama Rao opened recently, as an industry first, the company said the focus is on creation and delivery of next-generation GRC (Governance, Risk and Compliance) framework and domain-specific solutions for enterprises in the financial services industry.

It would develop next-generation GRC solutions based on Artificial Intelligence, Cognitive Computing, Machine Learning, Natural Language Processing, Big data, Semantic Modelling and Knowledge Systems technology domains.

“Our hyper-specialisation journey is now embarking on leveraging cognitive technology for risk and compliance,” CEO and Executive Director Ganesh Ayyar said.

THE HINDU