AUSTIN, Texas, Sept. 16, 2021 /CNW/ -- Infosys (NSE:
INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation
digital services and consulting, today announced that it would
collaborate with Frost Bank to provide strategic business
consulting and digital capabilities that will enable Frost Bank to
offer mortgage loans along with its other consumer loan products.
Infosys will help design the bank's mortgage loan process landscape
from origination to servicing, design the end-customer experience,
and select the most effective technology platform to run and manage
operations, while driving growth for its mortgage solutions over
the next five years.
Infosys and Frost Bank will work together to create a
human-centric, digital-first approach to customer mortgage loans
that delivers superior borrower experience along with cutting-edge
efficiency of operations. The implementation strategy will focus on
accelerating launch of the new product, while also streamlining the
mortgage value chain for Frost Bank by taking advantage of Infosys'
access to global best practices and innovations.
"Offering mortgage loans along with our other consumer loan
products is integral to meeting our customers' evolving needs and
bringing the Frost experience to more Texans," said Phil Green, Chairman and CEO at Frost Bank.
"Working with a world-class company like Infosys will allow us to
be involved in the entire process from start to finish and bring
our industry-leading customer service experience to mortgages."
Infosys also has deep expertise and long years of experience in
collaborating with independent mortgage solution providers and
regional banks in the US. Frost Bank can leverage this to compete
profitably in a rapidly transforming competitive landscape.
Mohit Joshi, President,
Infosys, said, "At
Infosys, we have built strong capabilities in transforming mortgage
businesses by providing our clients with unique solutions that meet
their customers' expectations of speed, transparency, convenience,
and personalization. Our collaboration with Frost Bank sets the
stage for a new era of mortgage services, and we are excited to
bring to this engagement, our collective expertise."
About Frost Bank
Frost is the banking, investments and insurance subsidiary of
Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company
with $46.7 billion in assets at
June 30, 2021. One of the 50 largest
U.S. banks by asset size, Frost provides a full range of banking,
investments and insurance services to businesses and individuals in
the Austin, Corpus Christi, Dallas, Fort
Worth, Houston, Permian
Basin, Rio Grande Valley and San
Antonio regions. Founded in 1868, Frost has helped Texans
with their financial needs during three centuries. For more
information, visit www.frostbank.com.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. We enable clients in more than 50 countries to
navigate their digital transformation. With over four decades
of experience in managing the systems and workings of global
enterprises, we expertly steer our clients through their digital
journey. We do it by enabling the enterprise with an AI-powered
core that helps prioritize the execution of change. We also empower
the business with agile digital at scale to deliver unprecedented
levels of performance and customer delight. Our always-on learning
agenda drives their continuous improvement through building and
transferring digital skills, expertise, and ideas from our
innovation ecosystem.
Visit www.infosys.com to see how Infosys (NSE: INFY) (BSE:
INFY) (NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, financial expectations and plans for navigating the
COVID-19 impact on our employees, clients and stakeholders 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 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 COVID-19 and the effects of government an
other measures seeking to contain its spread, risks related to an
economic downturn or recession in India, the United
States and other countries around the world, changes in
political, business, and economic conditions, fluctuations in
earnings, fluctuations in foreign exchange rates, our ability to
manage growth, intense competition in IT services including those
factors which may affect our cost advantage, wage increases in
India, our ability to attract and
retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks or system failures, our ability to successfully complete
and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies in which Infosys
has made strategic investments, withdrawal or expiration of
governmental fiscal incentives, political instability and regional
conflicts, legal restrictions on raising capital or acquiring
companies outside India,
unauthorized use of our intellectual property and general economic
conditions affecting our industry and the outcome of pending
litigation and government investigation. Additional risks that
could affect our future operating results are more fully described
in our United States Securities and Exchange Commission filings
including our Annual Report on Form 20-F for the fiscal year ended
March 31, 2021. 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