EVANSVILLE, Indiana , Oct. 8, 2024
/CNW/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a
global leader in next-generation digital services and consulting,
and Old National Bank (NASDAQ: ONB), the sixth largest
commercial bank headquartered in the Midwest, recently entered into
a strategic expansion of their four-year collaboration. This
deepening of a highly successful relationship enables Old National
to leverage Infosys services, solutions and platforms for
operations transformation and process digitization powered by
automation and GenAI, and transformation of key business areas.
Since 2020, Infosys has helped Old National modernize its
digital landscape using a highly efficient, self-funding
model. The resulting uplift in stability, resiliency and
improved client experience has served to accelerate and sustain Old
National's growth.
Jim Ryan, Chairman & CEO,
Old National Bank, said, "At Old National, we are committed to
creating exceptional client and team member experiences. Infosys is
expertly guiding us through business process enhancements, with a
strong emphasis on efficiency and value generation. We greatly
appreciate Infosys' commitment to our growth and success."
Dennis Gada, EVP and Global
Head of Banking and Financial Services, said, "Old
National Bank and Infosys share a strong cultural and strategic
alignment in developing, managing, and enhancing enterprise-scale
solutions to transform the bank's operations and support growth. We
are excited to further accelerate Old National Bank's business
process and customer care transformation using Infosys Topaz. Our
extensive experience in domain, technology, and operations,
specifically for mid-sized and regional banks, will continue to
bring deep growth and efficiency advantage for this segment."
About Old National
Old National Bancorp (NASDAQ: ONB) is the holding company of Old
National Bank. As the sixth largest commercial bank headquartered
in the Midwest, Old National proudly serves clients primarily in
the Midwest and Southeast. With approximately $53 billion of assets and $30 billion of assets under management, Old
National ranks among the top 30 banking companies headquartered in
the United States. Tracing our
roots to 1834, Old National focuses on building long-term, highly
valued partnerships with clients while also strengthening and
supporting the communities we serve. In addition to providing
extensive services in consumer and commercial banking, Old National
offers comprehensive wealth management and capital markets
services. For more information and financial data, please visit
Investor Relations at oldnational.com. In 2024, Points of Light
named Old National one of "The Civic 50" -- an honor reserved for
the 50 most community-minded companies in the United States.
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