Infosys & AWS to boost Middle East finance transformations
Digital services and consulting leader Infosys has announced it has signed a strategic collaboration with Amazon Web Services (AWS) to boost the cloud transformation efforts of financial institutions in the Middle East and Europe.
The three-year collaboration will deliver technology transformation and industry specific solutions to financial organisations supported by joint investments into go-to-market and delivery capabilities across the EMEA region.
According to a report by PwC, the Middle East is one of the world's fastest growing markets in the banking and capital markets sector. As a result of the agreement, Infosys and AWS will support financial organisations in accelerating their cloud adoption journeys with specialised end-to-end cloud migration and modernisation services.
As part of Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, the collaboration will deliver industry specific use cases that leverage AWS’s cloud native innovation including generative AI and data analytics. Customers will also benefit from production-ready shared toolsets, certified architectural and security blueprints to accelerate adoption and ensure compliance.
“AWS is a pioneer in cloud innovation, and by bringing together our expertise in delivering technology transformation at scale and our unwavering customer centric approach, we are excited to bring a comprehensive and industry-leading offering to our financial services clients in Europe, Middle East and Africa,” commented Dennis Gada, EVP, Global Head of Banking & Financial Services at Infosys. “By leveraging Infosys Cobalt's industry cloud solutions, assets and frameworks, we are committed to helping financial organisations accelerate their business outcomes.”
Collaboration to accelerate cloud transformations and catalyse growth
Bringing together the synergies of Infosys and AWS will also ensure greater business agility reacting to rapidly evolving market conditions and regulatory change as organisations restructure their business models and accelerate their migration to the cloud away from conventional managed data centres. The underpinning flow of skills sharing between AWS and Infosys will support the entire customer journey focusing on outcome-based delivery to ensure technical alignment and reduce business risk.
To catalyse growth across Europe, Middle East and Africa, Infosys and AWS will jointly create go-to-market strategies and make co-investments over the next three years. Key areas of collaboration include accelerating growth of existing large-scale transformations, collaborating with FinTech partners to bring new cloud-based solutions to the market, and investing in co-innovation to deliver new products and services.
Mark Jopling, Director of GFS EMEA Sales at AWS, comments: “Together with Infosys, we will extend the reach of our combined services and expertise to help financial institutions innovate more quickly and increase their agility as they continue facing rapidly changing economic conditions. Combining our cutting-edge cloud innovation with Infosys’ technology transformation expertise, we now offer customers more capabilities and solutions to specific financial industry challenges at speed and scale.”
