As part of the partnership, Danske Bank will sell Danske IT, a fully-owned subsidiary of Danske Bank, headquartered in Bengaluru, India, to Infosys
Headquarters of Danske Bank, located in the Erichsens Palace building in Copenhagen, Denmark. (Credit: RL0919/Wikipedia)
As part of our recently launched Forward ’28 strategy, we announced our ambition to be a leading bank in a digital age. To support us in this digital and technology transformation, we now enter a strategic partnership with Infosys, a global leader in digital services and consulting.
As part of the partnership, Danske Bank will sell Danske IT, a fully-owned subsidiary of Danske Bank, headquartered in Bengaluru, India, to Infosys. Danske IT covers IT development and operations for Danske Bank. The deal is subject to customary authority approval, expected in H2 2023. As part of the sale, starting expectedly 1 September 2023 our 1,400 colleagues in Danske IT will transfer to Infosys, which employs more than 300,000 people globally.
“Our Forward ’28 strategy sets clear ambitions for Danske Bank to be a leading bank in a digital age. As already communicated, this will be backed up by significant investments in digitalisation and technology and includes plans to further develop our customer-facing digital solutions and modernising our technology infrastructure to enable even better customer experiences and drive operational efficiency. We have a strong starting point and we want to further accelerate our digital and technology transformation,” says Frans Woelders, COO of Danske Bank. He continues:
“We have conducted a thorough process to find a partner that can help us meet our ambition. Infosys have the tools, experience, and expertise to support us in accelerating our transformation using cloud and AI technologies. Given Infosys’s global presence and scale, the partnership will also give us access to wider talent pools and capabilities.”
The sale of Danske IT does not include plans for redundancies, and colleagues from Danske IT will continue to play a key role in the digital transformation of Danske Bank.
Source: Company Press Release