Mastek (UK) Limited, a wholly-owned subsidiary of Mastek Limited, has secured a £15 million contract with the Financial Conduct Authority (FCA) to enhance its digital delivery capabilities.
The two-year contract, with a possible extension of another two years, aims to support the FCA’s Digital Delivery Hub (DDH). This partnership underscores Mastek’s growing role as a specialist provider for high-integrity regulatory bodies. The FCA is responsible for maintaining market integrity and consumer protection in the UK, and the contract has been officially published on the UK Government’s procurement platform.
The UK Government is undertaking a significant regulatory modernisation effort to bolster consumer protections and market resilience. Mastek will contribute to this initiative by providing specialised digital engineering and service management expertise to scale and modernise the FCA’s processes.
Mastek was chosen for this project due to its deep engineering expertise, contextual understanding, and proven track record in delivering complex transformation programmes that comply with regulatory standards. Mr. Abhishek Singhh, President UKI & Europe at Mastek, highlighted the importance of this engagement in Mastek’s UK growth journey, emphasising the company’s commitment to modernising institutions central to the UK’s financial and regulatory infrastructure.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.