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Which IT Firm has bagged a $454-million deal for the digital transformation of Denmark's Danske Bank?
A)
TATA
B)
Wipro
C)
Infosys
D)
Cognizant

Correct Answer :   Infosys


IT major Infosys has bagged a digital transformation deal from Denmark-based Danske Bank estimated to be around USD 454 million for five years, the company said on Monday (26th Jun 2023).

As part of the strategic collaboration with Danske Bank, Infosys will acquire Danske Bank's IT centre in India, which employs 1400 digitally skilled professionals.

"Danske Bank, a leading Nordic bank, has selected Infosys as Strategic Partner to accelerate the bank's digital transformation initiatives with speed and scale. 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.

Nordics is a strategic market for Infosys and this collaboration further enhances our commitment to the region.

Infosys said that it will acquire a 100 per cent stake in Danske Bank's IT centre in India in an all-cash deal for about Rs 16 crore, according to a regulatory filing.

We expect the transactions to be completed before the second quarter of the financial year 2024, subject to customary closing conditions.

Infosys Chief Executive Officer and Managing Director Salil Parekh said the company's rich experience in financial services transformation to work for Danske Bank and help the bank accelerate its strategic growth agenda..

Source : Business Standard

Published On : June 26, 2023
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