The engagement will see Mastek provide digital engineering and service management expertise to help scale and modernise the regulator’s digital platforms and processes.
Commenting on the development, Abhishek Singh, President – UKI & Europe at 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.”The FCA, the UK’s financial markets regulator, is currently undertaking a broader transformation aimed at strengthening consumer protection, improving market resilience and modernising oversight frameworks.
Mastek said the partnership reinforces its position as a specialist provider for high-integrity regulatory bodies and aligns with its focus on delivering complex, compliance-driven digital transformation programmes.
This marks the second order win from a UK authority in two months for the company’s UK arm, following a five-year engineering, integration, and product development contract with the UK Home Office, with an overall budget of about £49 million (over $67 million) in February.
Shares of the company gained from the day’s lows following the announcement, reaching ₹1,478.4, but have since pared some gains and were trading 0.82% down at ₹1,459.10 as of 10.32 am. The stock has declined 40.56% in the last six months.
