Bengaluru:
Infosys
has won a $454-million contract from Danske Bank. The deal is to be executed over five years, with an option to renew the contract for one additional year for a maximum of three times, the company said in a stock exchange filing.
As part of this, Infosys will also acquire Danske Bank’s IT centre in India that employs 1,400 professionals.
Headquartered in
Denmark
, Danske Bank provides banking services to personal and business customers, as well as large corporate and institutional customers. Infosys is expected to help to accelerate the bank’s technology transformation, optimise their access to talent and capabilities and improve productivity.
Frans Woelders, chief operating officer of Danske Bank, said, “Our Forward ’28 strategy sets clear ambitions for Danske Bank to be a leading bank in a digital age. This is backed by significant investments in digitalisation and technology, including plans to further develop our customer-facing digital solutions, and modernising our technology infrastructure to enable even better customer experiences and drive operational efficiency. Infosys has the tools, experience, and expertise to support us in accelerating our transformation using cloud and AI technologies. Given Infosys’ global presence and scale, this collaboration will also give us access to wider talent pools and capabilities.”
Infosys chief executive officer
Salil
Parekh said Infosys will strengthen Danske Bank's core business with greater digital, cloud and data capabilities. This, he said, will help the bank create more value for their customers using powerful advances in AI, including generative AI.
The Nordics has been a strategic market for Infosys. The company previously acquired BASE Life Science in Denmark and Fluido in Finland, and recently opened a new proximity centre in Gothenburg, Sweden and Oslo, Norway. Infosys expects the Danske Bank transaction to be completed before the September quarter.
Author: Victor Turner
Last Updated: 1704001804
Views: 1190
Rating: 3.8 / 5 (106 voted)
Reviews: 86% of readers found this page helpful
Name: Victor Turner
Birthday: 2015-12-25
Address: 254 Howard Ranch Apt. 376, Lake Adamburgh, NY 72729
Phone: +4650042953340210
Job: Insurance Agent
Hobby: Running, Tea Brewing, Mountain Climbing, Motorcycling, Graphic Design, Puzzle Solving, Badminton
Introduction: My name is Victor Turner, I am a lively, strong-willed, daring, bold, accomplished, unguarded, esteemed person who loves writing and wants to share my knowledge and understanding with you.