India’s second-largest IT services firm Infosys on Monday said it has been selected by Denmark-based Danske Bank as a partner to accelerate the lender’s digital transformation.
The contract is worth $454 million for five years with an option to renew for up to three additional years, Infosys said in a statement.
“This is supported by significant investments in digitalization and technology, including plans to further improve our customer-oriented digital solutions, and modernize our technology infrastructure to drive better customer experience and operational efficiency,” said Frans Woelders, Chief Operating Officer of Danske Ban.
Lenders provide banking services to individuals and businesses as well as large corporations and institutions.
The partnership involves Infosys working with Danske to accelerate the bank’s technological transformation. The IT giant will also acquire Danske Bank’s IT centre in India, which will employ more than 1,400 professionals.
