Infosys: Infosys gets a deal of Rs 37 billion from Denmark’s bank, 1400 personnel will be deployed under the agreement.

Infosys Limited has secured a digital transformation contract from Danske Bank of Denmark for $ 450 million, or about Rs 36 billion 88 crore. Europe has emerged as a savior for India’s $245 billion IT services industry, which has been hit by the ongoing recession-like situation in the US.

AI services to be deployed to transform Danske Bank’s IT operations

According to the information given to the stock market on Monday, under this five-year deal, the Indian IT company will acquire the IT center of the Danish bank in India and will add its 1,400 employees. The company will deploy Infosys Topaz, the recently launched generative AI services, to transform Danske Bank’s IT operations globally.

The transaction is expected to be completed by the end of September

Infosys expects the transaction to close before the end of September. “Infosys will tie-up with Denske Bank to strengthen its core business with greater digital, cloud and data capabilities,” Infosys CEO Salil Parekh said in a filing to the stock market. will help create more value for its customers by using technology, including generative AI.