Leveraging Infosys Cobalt to deliver industry-leading
infrastructure-managed services
BENGALURU, India, May 14, 2024 /PRNewswire/ -- 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 Infosys Topaz, an AI-first set of services,
solutions, and platforms, using generative AI technologies to
improve productivity and efficiency.
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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