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Infosys and AIB Extend Strategic Collaboration for Digital Transformation

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Infosys (NYSE: INFY) has announced an extension of its strategic collaboration with AIB, a major financial services group in Ireland and the UK. This expanded partnership builds on their existing 10-year relationship, with Infosys taking on an enhanced role in AIB's digital transformation initiatives.

The collaboration focuses on application development, maintenance, and support services, leveraging Infosys' expertise in agile practices and AI-powered tooling. The partnership aims to increase AIB's operational efficiency and enhance agile processes to expedite innovation.

The extended collaboration will support AIB's vision to modernize its technology and data capabilities, focusing on delivering optimal customer outcomes while strengthening operational efficiency and resilience. Infosys will utilize its global digital engineering teams to enable AIB's business and technology transformation, positioning the bank competitively in the evolving banking landscape.

Infosys (NYSE: INFY) ha annunciato un'estensione della sua collaborazione strategica con AIB, un importante gruppo di servizi finanziari in Irlanda e nel Regno Unito. Questa partnership ampliata si basa sulla loro relazione esistente di 10 anni, con Infosys che assume un ruolo potenziato nelle iniziative di trasformazione digitale di AIB.

La collaborazione si concentra su sviluppo di applicazioni, manutenzione e servizi di supporto, sfruttando l'esperienza di Infosys nelle pratiche agili e negli strumenti basati su AI. L'obiettivo della partnership è aumentare l'efficienza operativa di AIB e migliorare i processi agili per accelerare l'innovazione.

La collaborazione estesa supporterà la visione di AIB di modernizzare le proprie capacità tecnologiche e di dati, concentrandosi sulla fornitura di risultati ottimali per i clienti, rafforzando al contempo l'efficienza operativa e la resilienza. Infosys utilizzerà i suoi team globali di ingegneria digitale per abilitare la trasformazione aziendale e tecnologica di AIB, posizionando la banca in modo competitivo nel panorama bancario in evoluzione.

Infosys (NYSE: INFY) ha anunciado una extensión de su colaboración estratégica con AIB, un importante grupo de servicios financieros en Irlanda y el Reino Unido. Esta asociación ampliada se basa en su relación existente de 10 años, con Infosys asumiendo un papel mejorado en las iniciativas de transformación digital de AIB.

La colaboración se centra en desarrollo de aplicaciones, mantenimiento y servicios de soporte, aprovechando la experiencia de Infosys en prácticas ágiles y herramientas impulsadas por IA. El objetivo de la asociación es aumentar la eficiencia operativa de AIB y mejorar los procesos ágiles para acelerar la innovación.

La colaboración ampliada apoyará la visión de AIB de modernizar sus capacidades tecnológicas y de datos, centrándose en ofrecer resultados óptimos para los clientes mientras se fortalece la eficiencia operativa y la resiliencia. Infosys utilizará sus equipos globales de ingeniería digital para habilitar la transformación empresarial y tecnológica de AIB, posicionando al banco de manera competitiva en el panorama bancario en evolución.

인포시스 (NYSE: INFY)는 아일랜드와 영국의 주요 금융 서비스 그룹인 AIB와의 전략적 협력 관계를 연장한다고 발표했습니다. 이 확장된 파트너십은 기존의 10년 관계를 바탕으로 하며, 인포시스는 AIB의 디지털 전환 이니셔티브에서 강화된 역할을 맡게 됩니다.

협력은 응용 프로그램 개발, 유지 관리 및 지원 서비스에 중점을 두며, 인포시스의 민첩한 실천과 AI 기반 도구에 대한 전문성을 활용합니다. 파트너십의 목표는 AIB의 운영 효율성을 높이고 민첩한 프로세스를 개선하여 혁신을 가속화하는 것입니다.

확장된 협력은 AIB가 기술 및 데이터 역량을 현대화하려는 비전을 지원하며, 최적의 고객 결과를 제공하는 동시에 운영 효율성과 회복력을 강화하는 데 중점을 둡니다. 인포시스는 AIB의 비즈니스 및 기술 변화를 가능하게 하기 위해 글로벌 디지털 엔지니어링 팀을 활용하여 변화하는 은행 환경에서 경쟁력을 갖출 수 있도록 합니다.

Infosys (NYSE: INFY) a annoncé une extension de sa collaboration stratégique avec AIB, un important groupe de services financiers en Irlande et au Royaume-Uni. Ce partenariat élargi s'appuie sur leur relation existante de 10 ans, Infosys assumant un rôle renforcé dans les initiatives de transformation numérique d'AIB.

La collaboration se concentre sur le développement d'applications, la maintenance et les services de support, tirant parti de l'expertise d'Infosys en pratiques agiles et en outils alimentés par l'IA. L'objectif du partenariat est d'augmenter l'efficacité opérationnelle d'AIB et d'améliorer les processus agiles pour accélérer l'innovation.

La collaboration élargie soutiendra la vision d'AIB de moderniser ses capacités technologiques et de données, en se concentrant sur la fourniture de résultats optimaux pour les clients tout en renforçant l'efficacité opérationnelle et la résilience. Infosys utilisera ses équipes mondiales d'ingénierie numérique pour permettre la transformation des affaires et de la technologie d'AIB, positionnant la banque de manière compétitive dans un paysage bancaire en évolution.

Infosys (NYSE: INFY) hat eine Erweiterung seiner strategischen Zusammenarbeit mit AIB, einer bedeutenden Finanzdienstleistungsgruppe in Irland und dem Vereinigten Königreich, angekündigt. Diese erweiterte Partnerschaft baut auf ihrer bestehenden 10-jährigen Beziehung auf, wobei Infosys eine verstärkte Rolle in den digitalen Transformationsinitiativen von AIB übernimmt.

Die Zusammenarbeit konzentriert sich auf Anwendungsentwicklung, Wartung und Supportdienste, und nutzt die Expertise von Infosys in agilen Praktiken und KI-gestützten Werkzeugen. Ziel der Partnerschaft ist es, die betriebliche Effizienz von AIB zu steigern und agile Prozesse zu verbessern, um Innovationen zu beschleunigen.

Die erweiterte Zusammenarbeit wird AIBs Vision unterstützen, ihre Technologie- und Datenfähigkeiten zu modernisieren, wobei der Fokus auf der Bereitstellung optimaler Kundenergebnisse liegt, während gleichzeitig die betriebliche Effizienz und Resilienz gestärkt werden. Infosys wird seine globalen Teams für digitale Ingenieurwissenschaften nutzen, um die Geschäfts- und Technologietransformation von AIB zu ermöglichen und die Bank wettbewerbsfähig im sich wandelnden Bankenumfeld zu positionieren.

Positive
  • Extension of long-term strategic partnership with major financial institution AIB
  • Expansion of service scope in application development and maintenance
  • Implementation of AI-powered tooling and agile practices
  • Strengthening Infosys' presence in the Irish market
Negative
  • None.

Insights

This extension of Infosys's decade-long partnership with AIB represents significant client retention in the competitive financial services IT market. Long-term contracts like these form the backbone of predictable revenue streams for IT service providers, with banking remaining a critical vertical for Infosys's business model.

The expanded scope covering application development, maintenance, and support services leveraging AI-powered tooling aligns perfectly with the banking sector's current priorities. Financial institutions globally are under pressure to modernize legacy systems while simultaneously improving operational efficiency - exactly what this partnership targets.

What's particularly notable is AIB explicitly mentioning the combined use of human expertise alongside AI tooling, reflecting the hybrid approach most banks are adopting rather than full automation. This positions Infosys well as financial institutions increasingly seek partners who can balance technological innovation with practical implementation expertise.

While financial details remain undisclosed, the partnership's renewal after 10 years signals strong delivery performance by Infosys. In the IT services sector, where client acquisition costs are substantial, relationship extensions like this one typically indicate healthy margins and operational synergies that benefit both parties.

This collaboration strengthens Infosys's footprint in Ireland and the broader European banking market at a time when regional banks are accelerating digital initiatives to compete with fintech disruptors. For investors, such strategic contracts demonstrate Infosys's ability to maintain and expand high-value client relationships in its core banking vertical.

To deliver application development, testing, and support services

BENGALURU, India and DUBLIN, April 9, 2025 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced it is extending its strategic collaboration with AIB, a financial services group operating predominantly in the Republic of Ireland and the UK. Building further on its 10-year relationship, Infosys will take on a renewed and expanded role to support AIB as it further accelerates its transformation initiatives and delivers support and value to its customers and stakeholders.

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Infosys will help further develop AIB's application landscape and deliver application development and maintenance services, underpinned by deep human expertise, agile practices and AI powered tooling. Through these efforts, AIB will benefit from increased operational efficiency, and continue to enhance and mature agile processes that expedite innovation.

Graham Fagan, Group Chief Technology Officer, AIB, said, "This extended collaboration with Infosys aligns strongly with our vision to progressively modernise our technology and data capabilities to deliver the best outcomes for our customers and further accelerate our transformation. By combining our collective expertise and experience, we will deliver on our customer-first commitment and enhance operational efficiency and resilience. Infosys has been a trusted innovation partner, and we are excited about this next chapter in our collaboration as we work together to ensure AIB remains at the forefront of digital transformation in the Irish banking industry."

Dennis Gada, Executive Vice President and Global Head of Banking & Financial Services, Infosys, said, "Our expanded collaboration with AIB marks a significant milestone in Infosys' journey in Ireland. By leveraging our global digital engineering teams and proven track record in delivery and innovation, we will enable AIB to continue to accelerate their business and technology transformation, strongly positioning them for success in a rapidly evolving banking environment. We are committed to fostering a strong relationship, nurturing talent, and contributing to Ireland's thriving tech ecosystem, while delivering impactful outcomes for AIB."

About AIB Group

AIB is a financial services group serving 3.35 million customers predominantly in Ireland and the United Kingdom. Our main business activities are retail, business and corporate banking, as well as mobile payments and card acquiring. Whether it's adapting to a greener way of living, planning for the future, growing a business or simply navigating day-to-day life, AIB's purpose is empowering people to build a sustainable future. AIB's core segments are: Retail Banking, Capital Markets, Climate Capital and AIB UK.

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.

Logo: https://mma.prnewswire.com/media/633365/4364085/Infosys_Logo.jpg

 

Cision View original content:https://www.prnewswire.com/news-releases/infosys-and-aib-extend-strategic-collaboration-for-digital-transformation-302424410.html

SOURCE Infosys

FAQ

What is the scope of Infosys (INFY) extended collaboration with AIB?

Infosys will provide application development, maintenance, and support services, using AI-powered tooling and agile practices to enhance AIB's operational efficiency and innovation capabilities.

How long has Infosys (INFY) been collaborating with AIB before this extension?

Infosys has maintained a 10-year relationship with AIB before this extended collaboration announcement.

What are the main objectives of AIB's partnership with Infosys (INFY)?

The partnership aims to modernize AIB's technology and data capabilities, enhance customer outcomes, improve operational efficiency, and accelerate digital transformation.

How will this collaboration impact AIB's position in the Irish banking industry?

The partnership is designed to keep AIB at the forefront of digital transformation in Irish banking through enhanced technology capabilities and innovation.
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