Genpact (G) Stock News

Genpact (NYSE: G) has been acknowledged as a Leader in Everest Group's 2024 PEAK Matrix® Assessment for insurance intermediaries services. This recognition highlights Genpact's AI-led transformation efforts, which enhance efficiency, scalability, and growth for global clients in sectors such as property, casualty, life, annuities, retirements, and care management services.

Genpact's robust suite of AI, analytics, and automation solutions significantly improves distribution, new business, underwriting, claims, actuarial, and reinsurance processes. This transformation is important for insurers to stay competitive in a fast-evolving market by enhancing efficiency, customer experience, and profitability.

The recognition stems from Genpact's proactive investment in AI and data-focused tools, legacy platform modernization, and generative AI implementations, positioning them as a leader among 15 evaluated providers.

Genpact (NYSE: G), a global professional services firm, has been awarded the 2024 CSO Award by Foundry's CSO for its innovative security control platform, Infosec360. This recognition marks the eighth consecutive year the company has received the award. Infosec360 is an in-house developed platform that centralizes security controls, enhancing Genpact’s ability to monitor, validate, and improve its cybersecurity measures. The award underscores Genpact's dedication to managing cybersecurity risks through automation and AI. The company will accept the award at the CSO Conference & Awards event in Arizona, scheduled for October 21-23, 2024.

TraceLink, a leader in digital supply chain solutions, announced a partnership with Genpact to enhance digital supply chain innovation for healthcare and life sciences. This collaboration combines TraceLink's supply chain technology with Genpact's expertise in data, technology, and AI. The goal is to improve cost, service, predictability, and resiliency in complex supply chains. The partnership leverages Genpact’s deep SCM expertise and TraceLink’s Multienterprise Information Network Tower (MINT) to help pharmaceutical businesses link ERP systems to real-time partner networks. This alliance aims to maximize the potential of TraceLink's Integrate-Once, Interoperate with Everyone™ capabilities, fostering significant improvements in visibility and collaboration in supply chain management.

Genpact (NYSE: G) has been recognized as a Leader in Trust and Safety Services by Everest Group's PEAK Matrix Assessment for the fourth consecutive year. The 2024 assessment highlights Genpact's innovative use of AI to enhance decision-making, ensure policy compliance, and detect digital fraud. Notable achievements include leveraging AI to optimize moderators' efficiency, managing digital threats, and investing in industry-specific strategies. Genpact's domain expertise and partnerships position it to address complex challenges in media, publishing, and entertainment. The assessment evaluated 27 providers, focusing on service quality and investment in AI technologies.

Genpact (NYSE: G) announced the pricing of a $400 million offering of 6.000% senior notes due 2029 by its subsidiaries, Genpact Luxembourg and Genpact USA. These notes, guaranteed by Genpact, are senior unsecured obligations. The offering is expected to close on June 4, 2024, subject to customary conditions. Proceeds may be used for general corporate purposes, including repaying Genpact Luxembourg's 3.375% senior notes due December 1, 2024.

Rightpoint, a global experience leader and Genpact company (NYSE: G), has launched its Knowledge AI and Search solution. This innovation integrates Microsoft tools, including Azure AI and Microsoft Viva, to enhance productivity and engagement within enterprises. By targeting the inefficiencies that plague office workers, who spend 2.5 hours daily searching for documents, the new solution aims to streamline processes and reduce missed updates. A National Bureau of Economic Research study indicates that this tool could boost productivity by 14%-34%, improving onboarding and efficiency. Rightpoint's latest offering emphasizes AI-driven collaboration, customer satisfaction, and business performance, delivering quick business value. Rightpoint has also been highlighted as Microsoft's US Partner of the Year for Modern Work: Employee Experience in 2023.

Genpact announced a change in the schedule for its presentation at William Blair's 44th Annual Growth Stock Conference. The event is set for June 5, 2024, in Chicago, IL. Balkrishan 'BK' Kalra, President and CEO, will now present at 12:00 PM Central Time. Investors can access a live webcast of the presentation on Genpact's investor page.

A new report by Genpact and HFS Research reveals that enterprises have a two-year window to leverage the full potential of generative AI (gen AI) before falling behind competitors. The study shows that only 5% of enterprises have mature gen AI initiatives while 61% allocate up to 10% of their tech budgets to gen AI. Despite 74% of executives expecting productivity gains, 52% warn against focusing solely on productivity, emphasizing broader business goals. Companies in health care, retail, and high-tech are leading in gen AI investments, reallocating funds towards these initiatives. The report also stresses the importance of data quality and calls for a shift to performance-driven commercial models to fully capitalize on gen AI's benefits.

Genpact (NYSE: G) announced its participation in upcoming investor conferences, including J.P. Morgan 2024 Global Technology, Media, and Communications Conference on May 21, 2024, and William Blair's 44th Annual Growth Conference on June 5, 2024. Balkrishan 'BK' Kalra, President & CEO, will present at both events. Webcasts will be available on Genpact's investor website.