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.
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