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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Danske Bank signs $454-million contract with Infosys.

An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in ... An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in ... An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo

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On Monday, 26-06-2023, Denmark’s Danske Bank said that Infosys (INFY.NS), India’s second-largest IT services provider, will accelerate its digital transformation.

Infosys said the five-year, $454 million deal can be renewed thrice.

“This is backed by significant investments in digitalisation and technology, including plans to further develop our customer-facing digital solutions, and modernising our technology infrastructure to enable even better customer experiences and drive operational efficiency,” said Danske Bank chief operating officer Frans Woelders.

The lender serves people, businesses, and major institutions.

Infosys will expedite Danske’s technological transition. The IT giant will also buy Danske Bank’s 1,400-person Indian IT center.


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