To help accelerate innovation, drive market
leadership and better serve customers
BENGALURU, India, March 12,
2025 /PRNewswire/ -- Infosys (NSE: INFY) (BSE:
INFY) (NYSE: INFY), a global leader in next-generation digital
services and consulting today announced the expansion of its
long-standing strategic collaboration with Citizens, one of
the oldest and largest financial institutions in the US.
Citizens will leverage Infosys' deep domain expertise in
financial services and its innovative technologies, including AI,
cloud, and automation to develop cloud native domain platforms and
achieve data center exit. This AI-enabled transformation will also
foster an ecosystem of valuable FinTech and hyperscaler
collaborations, delivering hyper-personalized AI-powered customer
experiences, and enhancing operational resilience and
stability.
Over the last five years, Citizens and Infosys have achieved
significant milestones: developed and implemented a comprehensive
strategy and blueprint in domain centric platforms, established a
robust data lake, developed enterprise APIs, reached 90 percent in
test automation, successfully migrated critical workloads to the
cloud while maintaining operational resilience, and rationalized
applications and tools.
Michael Ruttledge, Chief
Information Officer, Citizens Financial Group, said,
"Infosys has been a key strategic collaborator in Citizens'
next-gen transformation program for the last five years. Together,
we have not only modernized our technology landscape with
domain-centric, cloud native platforms but also built a foundation
for future growth aligned with Citizens' north star technology
vision without losing focus on resiliency and stability."
Dennis Gada, EVP and Global
Head of Banking and Financial Services, Infosys, said, "We
are excited to strengthen our collaboration with Citizens by
leveraging our AI expertise with Infosys Topaz, to advance their
transformation objectives and business growth. As we transition to
an AI-first world, this collaboration aspires to redefine the
possibilities in banking, combining the strengths of both Infosys
and Citizens in banking and technology."
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,
increased competition for talent, our ability to attract and retain
personnel, increase in wages, investments to reskill our employees,
our ability to effectively implement a hybrid work model, economic
uncertainties and geo-political situations, technological
disruptions and 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, 2024.
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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SOURCE Infosys
