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Infosys wins contract of Danske Bank, will acquire bank’s Indian IT centers

Danske Bank

On Monday, Indian IT behemoth Infosys established a strategic partnership with Nordic bank Danske Bank to advance the latter’s digital transformation objectives with speed and scale.

According to the company, the relationship would assist Danske Bank accomplish its strategic targets of enhanced client experiences, operational excellence, and a modernised IT environment powered by next-generation technologies.

“Infosys will collaborate with Danske Bank to strengthen their core business with greater digital, cloud, and data capabilities,” said Salil Parekh, CEO and Managing Director of Infosys. This would enable Danske Bank to provide greater value to their clients by using powerful developments in AI, such as generative AI.”

Danske Bank

According to a press statement, as part of this agreement, Infosys will also purchase Danske Bank’s IT centre in India, which employs over 1,400 people.

“Our Forward ’28 strategy sets clear ambitions for Danske Bank to be a leading bank in a digital age,” stated Frans Woelders, Chief Operating Officer of Danske Bank. This is supported by considerable investments in digitisation and technology, such as plans to further enhance our user-facing digital solutions and modernise our technology infrastructure in order to provide even better customer experiences and drive operational efficiency.”

“We have a strong starting point, and we want to accelerate our digital and technology transformation.” We have gone through a lengthy procedure to identify a partner who can assist us in this endeavour. Infosys provides the resources, knowledge, and skills to help us accelerate our transformation by leveraging cloud and AI technology. Given Infosys’ global presence and breadth, this relationship will also provide us with access to larger talent pools and skills,” the Nordic Bank’s COO noted.

Subject to usual closing conditions, the IT behemoth expects the transactions to close before the second quarter of FY2024.