Infosys to Offer AiKiDo Services to DNB Bank of Norway

Technology giant, Infosys INFY has won a contract from one of the largest financial institutions of Norway, DNB Bank, for transforming the latter's application landscape. Infosys will offer its AiKiDo service to DNB Bank, which was launched in August this year.

News in Detail

Through the application of this breakthrough offering, Infosys will drive knowledge-based non-disruptive renewal strategies to advance the overall data cluster of the bank that comprises Enterprise Resource Planning functions, analytics and data warehousing services, among others. Apart from this, Infosys will provide Design Thinking service, which also comes under the AiKiDo framework, for managing all new innovations and initiatives of the bank. Particularly, Design Thinking offering will aid DNB Bank in expanding and driving maximum value from its new products or services. This will enhance the competitiveness of DNB Bank in the financial services domain.

As per the deal, over the coming five years, Infosys will develop and maintain more than 64 applications across 14 different technology platforms by acting as the exclusive partner of DNB Bank.

AiKiDo – An Insight

AiKiDo represents Infosys' focus on three distinguished service offerings – Artificial Intelligence, Knowledge-based IT and Design thinking. On the whole, these services have been given the name Aikido, which is a famous Japanese martial art form.

Infosys believes these services will help clients prioritize pressing issues and come up with better solutions. Collectively, Aikido can make clients simplify and renew existing business scenarios in a non-disruptive manner, seamlessly introduce new offerings & models, and nurture a culture of organizational innovation.

In Conclusion

We believe the latest deal with DNB Bank represents the worthiness of Infosys' AiKiDo service. Also, this will pave the way for enhancing the popularity of AiKiDo offering of the company in the financial services market. Given the cut-throat competition in the market, we believe Aikido will gain steady traction, thereby boosting Infosys' growth prospects.

Infosys presently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Acxiom Corporation ACXM, CDW Corporation CDW and EPAM Systems, Inc. EPAM. All three stocks hold a Zacks Rank #2 (Buy).

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