Big Move : Infosys Inks US$ 454 Million Deal With Denmark-Based Danske Bank

Picture : Twitter/ ANI

IT services firm Infosys has  announced it was selected by Danske Bank as a strategic partner to accelerate the bank’s digital transformation initiatives.

As per ANI report, Infosys, a global IT services leader, serves clients in over 50 countries and has over-four decade of experience in the sector.

The estimated value of the deal is USD 454 million for a period of five years with an option to renew for one additional year for a maximum of three times.

This collaboration will help Danske Bank achieve its strategic priorities towards “better customer experiences, operational excellence, and a modernised technology landscape, powered by next-gen solutions”, Infosys said in a release.

Danske Bank is headquartered in Denmark and provides banking services to personal, large corporate and institutional customers.

Infosys will also acquire Danske Bank’s IT center in India, where over 1,400 professionals are employed as part of this collaboration.

“With its global expertise and industry-solutions, Infosys will accelerate the bank’s digital agenda by significantly enhancing their IT operations and capabilities, powered by Infosys Topaz, an AI-first set of services, solutions and platforms, experience design, and services that support operations.”