Indian digital services and consulting company Infosys has completed its previously announced acquisition of Denmark-based Danske Bank’s IT centre in India.
The Danish bank’s IT centre in India employs more than 1,400 professionals.
Infosys announced the acquisition as part of its $454m contract with Danske Bank in June 2023 to expedite the bank’s digital transformation efforts with speed and scale.
The contract was forged for a period of five years with an option to renew for one additional year for a maximum of three times.
Through the collaboration with the Indian firm, Danske Bank aims to achieve its strategic priorities towards improved customer experiences, operational excellence and a modernised technology landscape, backed by next-generation solutions.
Danske Bank offers banking services to personal and business customers and large corporate and institutional customers.
According to Infosys, the partnership will help the Danish bank to fast-track its digital agenda by advancing its IT operations and capabilities.
The partnership will be backed by Infosys Topaz, an artificial intelligence (AI)-first set of services, solutions and platforms, experience design and services that support operations.
Infosys stated: ”This collaboration reaffirms our commitment to Nordics, a strategic market for Infosys, and underlines Infosys’ leadership position and expertise in Financial Services across Europe.
”Infosys is excited about this collaboration with Danske Bank and welcomes employees joining our team as part of this journey.”
In July this year, Infosys completed the foundation phase of a major digital programme for Australia-based Bendigo and Adelaide Bank.
The company delivered the digital programme in collaboration with Microsoft.
