Mastek Secures £15 Million Contract with Financial Conduct Authority for Digital Services
Mastek (UK) Limited has won a significant £15 million (Rs 185 crore) contract with the Financial Conduct Authority to support their Digital Delivery Hub with specialized digital engineering expertise. The two-year engagement includes potential for extension to four years and reinforces Mastek's position as a trusted partner for critical regulatory infrastructure modernization programs.

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Mastek (UK) Limited, a wholly-owned subsidiary of Mastek Limited, has secured a substantial two-year contract worth £15 million (Rs 185 crore) with the Financial Conduct Authority (FCA), the UK's statutory financial regulator. The contract includes provisions for a potential two-year extension, bringing the total possible value and duration of the engagement to four years.
Contract Details and Scope
The partnership will see Mastek supporting the FCA's Digital Delivery Hub (DDH), a specialized function dedicated to building modern, user-centered digital products and platforms. Under this arrangement, Mastek will provide specialized digital engineering and service management expertise to help scale and modernize the authority's processes.
| Parameter: | Details |
|---|---|
| Contract Value: | £15 million (Rs 185 crore) |
| Initial Duration: | 2 years |
| Extension Option: | Additional 2 years |
| Service Focus: | Digital Delivery Hub support |
| Contract Type: | Engineering and Development Work |
The contract award has been formally published on the UK Government's procurement platform, officially confirming Mastek's appointment for this critical engagement.
Strategic Significance
This partnership reinforces Mastek's growing influence as a specialist provider for high-integrity regulatory bodies. The FCA serves as the UK's statutory regulator, responsible for safeguarding market integrity and protecting consumers within the financial services sector.
The engagement aligns with the UK Government's significant regulatory modernization effort aimed at strengthening consumer protections, improving market resilience, and future-proofing oversight frameworks. These transformation programs are considered vital to the UK's financial infrastructure and form part of a wider Critical National Importance agenda.
Selection Criteria and Expertise
Mastek was selected for this role based on several key factors:
- Deep engineering expertise in digital transformation
- Contextual understanding of regulatory requirements
- Proven track record in delivering complex, compliance-focused transformation programs
- Demonstrated capability in handling sensitive regulatory environments
Leadership Perspective
Mr. Abhishek Singh, President UKI & Europe, Mastek, commented on the engagement: "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. Our disciplined execution and sensitive handling of compliance, confidentiality, and delivery integrity have reinforced Mastek's role as a trusted digital partner to programmes of critical national importance."
Company Background
Mastek is a global provider of enterprise AI, digital, and cloud services, maintaining a presence in over 40 countries with a skilled workforce of close to 5,000 employees. The company operates through its "Lead with AI" approach, integrating intelligence across solutions and operations to enable organizations to accelerate transformation using ethical, scalable, and domain-driven AI adoption.
The company partners with industry leaders including Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services. Mastek currently serves over 400 active customers, helping them transform their business operations in the evolving technology landscape.
Historical Stock Returns for Mastek
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.62% | -7.63% | -19.20% | -42.88% | -40.92% | +14.17% |

































