Infosys Ltd - INFY STOCK NEWS

Infosys (INFY) and MIT Technology Review Insights release the '2023 Global Cloud Ecosystem' report, highlighting the impact of cloud capabilities on global digital transformation, including sustainability, AI, and cybersecurity. The report reveals that 54% of organizations use cloud tools for ESG compliance, but there is room for improvement in addressing carbon emissions. Cloud deployments drive cost-efficiency, with 82% tracking positive ROI. Data governance and cybersecurity concerns remain, but the zero-trust paradigm gains acceptance. Cloud is also leveraged for diversity, equity, and inclusion compliance.

Infosys (INFY) and Better Home & Finance Holding Company (BETR) collaborate to launch Mortgage as a Service (MaaS), an integrated end-to-end digital mortgage white-labelled platform. Better's digital technology has already funded over $100 billion in fully digital loans, and Infosys aims to help clients reap the advantages of Mortgage as a Service faster.

Infosys (INFY) announces strategic collaboration with Rich Products Corporation to simplify and harmonize business processes using SAP S/4HANA solutions, aiming to reduce technical debt and standardize global technology. This initiative serves as the foundation for growth, innovation, and transformation.

Infosys (NSE: INFY) announced a new Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc (AWS) to deliver technology transformation and industry-specific solutions to financial organizations in the EMEA region. The collaboration aims to accelerate cloud adoption journeys leveraging industry-proven capabilities to deliver specialized end-to-end cloud migration and modernization services. The partnership will also deliver industry-specific use cases leveraging AWS's cloud native innovation and generative AI. Wendy Redshaw, CDIO, Retail NatWest Group, emphasized the importance of collaboration, strategic alignment, and engineering excellence in successful partnerships. Dennis Gada, Executive Vice President, Global Head of Banking & Financial Services, Infosys, highlighted the commitment to helping financial organizations accelerate their business outcomes. Mark Jopling, Director of GFS EMEA Sales, AWS, emphasized the combined capabilities and solutions to specific financial industry challenges at speed and scale.

Infosys and Spirit AeroSystems have inaugurated a dedicated center for aerospace engineering excellence in Richardson, Texas. The center will enable Infosys to work closely with Spirit AeroSystems to develop cross-functional solutions for aircraft development challenges. It will also facilitate training and upskilling of talent in digital engineering technologies to help Spirit AeroSystems meet growing business demand.

Infosys announces the opening of a new proximity center in Sofia, Bulgaria to support its growth in Europe. The center will attract, re-skill, and up-skill 500 new employees over the next four years, focusing on next-gen digital technologies. It will serve as a hub for companies in various sectors to drive digital transformation efforts.

El Paso Water, a KloudGin customer, received the Level II Finalist award for Innovation in Field Automation by CS Week in the 2023 Expanding Excellence Awards. El Paso Water partnered with Infosys and KloudGin to improve their field operations, resulting in improved customer service and operational efficiency.

Infosys has announced an AI innovation with MSG Networks that will enhance coverage of the Knicks and Rangers seasons. The technology will allow MSG Networks to instantly generate and deliver game highlights using AI-powered tools. This will provide fans with rapid access to exceptional plays and increase fan engagement on social media.

Infosys announces collaboration with smart Europe GmbH to enhance digital sales and customer experience in the e-mobility era.