Danske Bank partners with Infosys

Indian IT services provider Infosys has partnered with Danske Bank to speed up its digital transformation as part of a $454 million contract.

The company will also acquire the Danish bank’s IT centre in India as part of the agreement, which employs around 1400 people.

Infosys claims the partnership will upgrade Danske Bank’s legacy business, improve customer service and increase cloud and data facilities. As part of this process, Danske will explore the use of AI technology, including generative AI.

The contract, which is expected to complete by the end of 2024, lasts for five years with the option to extend it by a year up to three times.

Commenting on the news Salil Parekh, chief executive at Infosys, said: “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 has several other partnerships with firms in in the Nordic region, having previously bought BASE Life Science in Denmark in September 2022 and Finnish consultancy firm Fluido in September 2018.

Infosys also has proximity centres in Norway and Sweden.

    Share Story:

Recent Stories

Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.