THE INSURTECH INTERVIEW
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primary sectors – banking, financial services and insurance
Legacy modernisation represents a complex challenge for financial institutions, where decades of accumulated technology debt can impede innovation and operational efficiency. The application of AI technologies to this challenge offers the potential to accelerate modernisation whilst reducing risks associated with system replacement.
“ They’ re now looking at Gen AI and assessing how providers like us can help them leverage Gen AI to focus on legacy modernisation,” Ashish explains.“ We have built platforms which will help clients move away from legacy infrastructure and help them extract knowledge, help them build a knowledge graph and then decide the cloud journey.”
Mphasis addresses cybersecurity risks across traditional and AI domains The company’ s cybersecurity approach encompasses both traditional security requirements and emerging risks associated with AI implementation. This dual focus reflects the evolving threat landscape facing financial institutions, where conventional security measures must be supplemented with AI-specific protections.
Traditional cybersecurity services include identity and access management implementation, penetration testing and comprehensive cyber protection services. These foundational capabilities address established threat vectors whilst providing the security infrastructure necessary for digital transformation initiatives.
64 August 2025