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.
Photo:
https://mma.prnewswire.com/media/2403518/Infosys__FAB_Collaboration.jpg
Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg
View original content to download
multimedia:https://www.prnewswire.com/news-releases/infosys-collaborates-with-first-abu-dhabi-bank-to-optimize-and-modernize-its-it-infrastructure-services-302144733.html
SOURCE Infosys Limited