- Infosys will also acquire Danske Bank's IT centre in
India which employs 1400 digitally
skilled professionals
- Engagement expands Infosys' footprint and reinforces
commitment to the Nordics
BENGALURU, India and
COPENHAGEN, Denmark, June 26, 2023 /PRNewswire/ -- Infosys (NSE:
INFY), (BSE: INFY), (NYSE: INFY), a global leader in
next-generation digital services and consulting, today announced
that it has signed a strategic collaboration with Danske Bank, a
leading Nordic Bank, to accelerate the bank's digital
transformation initiatives with speed and scale. This collaboration
will help Danske Bank achieve its strategic priorities towards
better customer experiences, operational excellence, and a
modernised technology landscape, powered by next-gen solutions.
Headquartered in Denmark,
Danske Bank provides banking services to personal and business
customers, as well as large corporate and institutional customers.
In a bid to accelerate the bank's technology transformation,
optimise their access to talent and capabilities and improve
productivity, Danske Bank chose Infosys as its strategic
partner.
As part of this collaboration, Infosys will also acquire Danske
Bank's IT center in India, where
over 1,400 professionals are employed. With its global expertise
and industry-solutions, Infosys will accelerate the bank's digital
agenda by significantly enhancing their IT operations and
capabilities, powered by Infosys Topaz, an AI-first set of
services, solutions and platforms, experience design, and services
that support operations.
Frans Woelders, Chief
Operating Officer, 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. We have a strong
starting point, and we want to further accelerate our digital and
technology transformation. We have conducted a thorough process to
find a partner that can help us achieve that. 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."
Salil Parekh, Chief Executive Officer & Managing
Director, Infosys, said, "We are delighted to bring our rich
experience in financial services transformation to work for Danske
Bank and help the bank accelerate its strategic growth agenda.
Infosys will collaborate with Danske Bank to strengthen their core
business with greater digital, cloud and data capabilities. This
will help Danske Bank create more value for their customers using
powerful advances in AI, including generative AI.
Infosys looks forward to welcoming Danske India employees
joining our team as part of this journey.
Nordics is a strategic market for Infosys and this collaboration
further enhances our commitment to the region. Infosys has acquired
BASE Life Science in Denmark
and Fluido in Finland, and
recently opened a new proximity center in Gothenburg, Sweden and Oslo, Norway.
With this relationship with Danske Bank, Infosys has further
enhanced its localization strategy in the Nordics.
Infosys expects the transactions to be completed before
Q2'FY2024, subject to customary closing conditions.
About Danske Bank A/S
For more than 150 years, Danske Bank has strived to be a driver
of growth and development in society. We have developed in tandem
with the societies we are part of, and our advisory services,
expertise and financial solutions have helped individuals,
families, businesses and organisations to realise their ambitions
and potential. With long-term sustainable development
as our ambition, we will continue to work every day to be the
best possible bank, for the benefit of our customers, employees,
shareholders and the societies we are part of.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses,
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by the cloud. We enable them with an
AI-powered core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY)
can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such
as Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, and our corporate actions including
acquisitions. Important factors that may cause actual results or
outcomes to differ from those implied by the forward-looking
statements are discussed in more detail in our US Securities and
Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March 31,
2023. These filings are available at www.sec.gov. Infosys
may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
Company's filings with the Securities and Exchange Commission and
our reports to shareholders. The Company does not undertake to
update any forward-looking statements that may be made from time to
time by or on behalf of the Company unless it is required by
law.
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