14.05.2024,
7334 Zeichen
Bengaluru, India (ots/PRNewswire) - Leveraging Infosys Cobalt to
deliver industry-leading infrastructure-managed services
Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in
next-generation digital services and consulting, today announced a
multi-year strategic collaboration with First Abu Dhabi Bank (FAB),
the largest bank in the United Arab Emirates (UAE), to optimize and
modernize FAB's IT infrastructure services.
As part of this collaboration, Infosys will leverage Infosys Cobalt,
a set of services, solutions, and platforms for enterprises to
accelerate their cloud journey, to deliver industry-leading,
infrastructure-managed services, including service desk capabilities,
to transform FAB's IT infrastructure. Infosys will help integrate a
suite of enterprise tools to drive significant improvements in FAB's
service quality, risk reduction, and business outcomes. These
include:
* Artificial Intelligence- (AI) and Machine Learning (ML)-based
automation, providing self-healing and self-help capabilities.
* Proactive and prognostic monitoring and observability, improving
the resilience of the infrastructure estate.
* Blueprint-based environment provisioning, helping to reduce
provisioning time exponentially, allowing faster time to market.
* Leveraging [1] Infosys Topaz , an AI-first set of services,
solutions, and platforms, using generative AI technologies to
improve productivity and efficiency.
1.
https://www.infosys.com/services/data-ai-topaz.html
The collaboration aims to transition to an outcome-oriented,
automated-managed services model that delivers high-quality,
compliant IT services with increased speed and agility. In the long
term, it will also establish a highly scalable and flexible IT
infrastructure.
The Middle East is a strategic growth market for Infosys, and this
collaboration furthers Infosys' committed focus in the region to
enable large enterprises to navigate their cloud-first,
digital-first, and AI-first journeys.
Suhail Bin Tarraf, Group Chief Operating Officer, First Abu Dhabi
Bank (FAB), said, "At FAB, we are committed to transforming our IT
organization and delivering world-class services that drive tangible
business outcomes. After a thorough evaluation, we selected Infosys
as our strategic partner due to their proven expertise, innovative
solutions, and the strong trust they built at all levels. Infosys'
outcome-oriented managed services model coupled with their
automation-powered delivery approach will help us significantly
improve service quality, compliance, and operational efficiency."
Dennis Gada, Executive Vice President and Global Head of Banking &
Financial Services, Infosys, said, "We are delighted to collaborate
with First Abu Dhabi Bank to optimize and modernize their IT
infrastructure services, by leveraging Infosys Cobalt and Infosys
Topaz. FAB recognized the need to transform their IT operating model,
and entrusted Infosys with their IT infrastructure, enabling their
digital journey to proceed faster and with more resilience on the
backend. By leveraging our global expertise and investments in AI,
cloud and infra, Infosys will also enable FAB to transition to an
outcome-oriented, automation-driven execution model and help position
it as a digital leader in the financial services industry."
About First Abu Dhabi Bank:
Headquartered in Abu Dhabi with a strategic global footprint across
20 markets, FAB is the finance and trade gateway to the Middle East
and North Africa region (MENA). With total assets of AED 1.2 trillion
(USD 323 billion), FAB is among the top 50 banks globally by market
capitalisation and one of the world's largest banking groups. The
bank provides financial expertise to its wholesale and retail client
franchise across four business units: Investment Banking, Corporate
and Commercial Banking, Consumer Banking, and Global Private Banking.
FAB is listed on the Abu Dhabi Securities Exchange (ADX) and rated
Aa3/AA-/AA- by Moody's, S&P and Fitch, respectively, with a stable
outlook. On sustainability, FAB holds an MSCI rating of 'A', also
ranked among the top 10% of banks globally by Refinitiv's ESG Scores
and the best performer in the MENA region.
For further information, visit: www.bankfab.com
About Infosys
Infosys is a global leader in next-generation digital services and
consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses and
communities. We enable clients in more than 56 countries to navigate
their digital transformation. With over four decades of experience in
managing the systems and workings of global enterprises, we expertly
steer clients, as they navigate their digital transformation powered
by cloud and AI. We enable them with an AI-first core, empower the
business with agile digital at scale and drive continuous improvement
with always-on learning through the transfer of digital skills,
expertise, and ideas from our innovation ecosystem. We are deeply
committed to being a well-governed, environmentally sustainable
organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can
help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance, are
forward-looking statements intended to qualify for the 'safe harbor'
under the Private Securities Litigation Reform Act of 1995, which
involve a number of risks and uncertainties that could cause actual
results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such as
Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our capital
allocation policy and expectations concerning our market position,
future operations, margins, profitability, liquidity, capital
resources, our corporate actions including acquisitions, and
cybersecurity matters. Important factors that may cause actual
results or outcomes to differ from those implied by the
forward-looking statements are discussed in more detail in our US
Securities and Exchange Commission filings including our Annual
Report on Form 20-F for the fiscal year ended March 31, 2023. These
filings are available at www.sec.gov. Infosys may, from time to time,
make additional written and oral forward-looking statements,
including statements contained in the Company's filings with the
Securities and Exchange Commission and our reports to shareholders.
The Company does not undertake to update any forward-looking
statements that may be made from time to time by or on behalf of the
Company unless it is required by law.
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