Canadian Insider

NEW YORK, May 2, 2016 (GLOBE NEWSWIRE) -- Thomson Reuters has signed an agreement with Bangalore based IT & consulting firm Mphasis to offer wealth management outsourcing solutions to Thomson Reuters BETA customers.

Under the agreement, Mphasis will offer Thomson Reuters BETA clients operations outsourcing solutions for back office processes such as client management, branch operations, trading operations, custody, reference data and client reporting. The agreement with Mphasis will enable users of the Thomson Reuters market-leading wealth management platform, including the Thomson ONE desktop and the BETA brokerage processing solution, to achieve their unique business needs by transforming and scaling their wealth management operations.

"We are delighted to be entering an agreement with Mphasis to provide wealth management outsourcing solutions to our BETA customers," said David Akellian, managing director, Wealth Management at Thomson Reuters. "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."

"We are pleased that Thomson Reuters, an industry leader in the wealth management space, has selected Mphasis to offer its proven operations outsourcing solutions to its customers," said Anurag Bhatia, Global Head & SVP, Business Process Services at Mphasis. "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." 

Mphasis enables chosen customers to meet the demands of an evolving market place. Recently named by American Banker and BAI as one of the top companies in FinTech and as the "Most Distinguished Digital Company in 2015" by The Economic Times, Mphasis fuels this by combining superior human capital with cutting edge solutions in hyper-specialized areas. Contact Mphasis on www.mphasis.com.

Thomson Reuters BETA is a complete suite of products that enables you to manage the daily tasks of your back office business. It offers all the tools you need to manage your daily operations, plus forward-thinking features to keep you positioned for the future. For more information about Thomson Reuters BETA click here.

Thomson Reuters

Thomson Reuters is the world's leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

HUG#2008828