Infosys and AWS Forge Strategic Alliance to Drive Cloud Transformation in the Financial Sector

Infosys, a global pioneer in cutting-edge digital services and consulting, has unveiled a new Strategic Collaboration Agreement with Amazon Web Services Inc (AWS) on November 8, 2023. This three-year collaboration aims to pioneer technology transformation and provide solutions for financial institutions across the EMEA region, fortified by joint investments in go-to-market strategies and delivery capabilities.

In this collaboration, Infosys and AWS will assist financial entities, including NatWest Group's retail banking sector, in expediting their cloud adoption endeavors by harnessing industry-proven capabilities. The collaboration promises specialized end-to-end cloud migration and modernization services, combining transformative cloud services from AWS, domain expertise and delivery proficiency from Infosys, and the specialized knowledge of Infosys Capital Markets to revamp business models and modernize applications for enhanced operational efficiency.

As an integral part of Infosys Cobalt, a comprehensive suite of services, solutions, and platforms designed to expedite enterprises' cloud journeys, this collaboration will introduce industry-specific use cases leveraging AWS's cloud-native innovations such as generative AI and data analytics. Customers will enjoy the benefits of production-ready shared toolsets, and certified architectural and security blueprints, ensuring accelerated adoption and compliance.

The collaboration will seamlessly combine Infosys and AWS's strengths, ensuring increased business agility in response to swiftly changing market conditions and regulatory dynamics. With a focus on outcome-based delivery, the partnership will facilitate the entire customer journey, aligning technical aspects and mitigating business risks.

In an effort to stimulate growth across Europe, the Middle East, and Africa, Infosys and AWS are set to jointly devise go-to-market strategies and co-invest over the next three years. The key collaboration areas encompass accelerating the expansion of existing large-scale transformations, collaborating with FinTech partners to introduce innovative cloud-based solutions, and investing in co-innovation to usher in novel products and services.

"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, the Middle East, and Africa. By leveraging Infosys Cobalt's industry cloud solutions, assets, and frameworks, we are committed to helping financial organizations accelerate their business outcomes,” said Dennis Gada, Executive Vice President, Global Head of Banking & Financial Services, at Infosys.

“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,” said Mark Jopling, Director of GFS EMEA Sales, AWS.

The strategic collaboration between Infosys and AWS marks a significant milestone in advancing cloud transformation initiatives within the financial sector across Europe, the Middle East, and Africa. By leveraging their combined expertise, the partnership not only promises to expedite cloud adoption for financial organizations but also aims to foster innovation, agility, and growth through tailored solutions and co-investment strategies. This collaborative venture underscores the commitment of Infosys and AWS to address the evolving needs of the industry, driving business efficiency and resilience in the face of dynamic market conditions and regulatory changes.