AiKiDo Framework to be applied in the Five-Year Deal with Norway’s Largest Financial Services Group
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has won a contract to transform the application landscape of DNB Bank of Norway. Applying its AiKiDo framework, Infosys will leverage knowledge-based non-disruptive renewal strategies to evolve DNB Bank’s entire data cluster, including business intelligence (BI), analytics, data warehousing services, regulatory reporting, and Enterprise Resource Planning (ERP) functions.
Infosys will be the bank’s exclusive partner for the development and maintenance of over 64 applications across 14 different technology platforms over the next five years. Infosys will deliver efficiencies in IT operations and data processing and set up offshore support services, including test data management and service virtualisation.
Infosys will also apply Design Thinking, as part of the AiKiDo framework, to all the new development initiatives within DNB Bank’s data cluster to help the bank expand and unlock value from new products, services and initiatives. Such innovations are key to maintaining competitiveness in the financial services market, and to keeping pace with regulatory and reporting requirements.
Liv Fiksdahl, Group Executive Vice President for IT and Operations, DNB Bank, “As one of the largest financial services providers in the region, DNB Bank has made substantial development and efficiency improvements. It needs an IT partner with ambitious creative thinking that is capable of meeting the demands of a growing business. Working with Infosys gives us access to cutting edge services and technologies, innovative thinking and problem-solving. This will be key to assisting us in meeting our business objectives, as well as ensuring we keep pace with the changing global financial services landscape.”
Mohit Joshi, Executive Vice President and Global Head for Financial Services, Infosys, “We are fully committed to the success of DNB Bank. From the outset, we worked closely with the client’s senior executives to create a non-disruptive transformation plan for DNB Bank. By leveraging the Infosys AiKiDo framework, we demonstrated how in addition to renewal, the bank could benefit from discovering ways to unlock value from new services and business models.”