Infosys, a global leader in digital services and consulting, has announced the expansion of its strategic collaboration with Citizens Financial Group, one of the largest financial institutions in the United States. This collaboration aims to accelerate AI-led transformation, enhance operational resilience, and foster innovation through cloud-native platforms and FinTech partnerships.
Citizens will leverage Infosys’ expertise in AI, cloud computing, and automation to modernise its banking infrastructure. The transformation includes achieving a complete data centre exit, enhancing digital experiences, and integrating AI-powered solutions for personalised customer interactions. Infosys’ AI capabilities, particularly through Infosys Topaz, will be instrumental in achieving these objectives.
Over the past five years, the partnership has already delivered notable successes. These include the development of domain-centric platforms, implementation of a robust data lake, enterprise API integration, 90% test automation, and the successful migration of critical workloads to the cloud. These advancements have strengthened Citizens’ technology framework while ensuring stability and resilience.
Michael Ruttledge, Chief Information Officer at Citizens Financial Group, stated, “Infosys has been a key strategic collaborator in Citizens’ next-gen transformation program for the last five years. Together, we have not only modernized our technology landscape with domain-centric, cloud native platforms but also built a foundation for future growth aligned with Citizens’ north star technology vision without losing focus on resiliency and stability.”
Dennis Gada, EVP and Global Head of Banking and Financial Services at Infosys, commented, “We are excited to strengthen our collaboration with Citizens by leveraging our AI expertise with Infosys Topaz, to advance their transformation objectives and business growth. As we transition to an AI-first world, this collaboration aspires to redefine the possibilities in banking, combining the strengths of both Infosys and Citizens in banking and technology.”
As of March 13, 2025, at 1:40 PM, with the market capitalisation of ₹6.56 trillion, the shares of Infosys Ltd are trading at ₹1,582.60 per share, reflecting a decline of 0.52% from the previous day’s closing price. Over the past month, the stock has registered a loss of 14.14% and over the last year it has fallen by 15.93%. The stock’s 52-week high stands at ₹2,006.45 per share, while its 52-week low is ₹1,358.35 per share.
The expanded collaboration between Infosys and Citizens marks a significant step towards AI-driven banking transformation. By harnessing advanced digital technologies, the partnership aims to set new benchmarks in financial services, ensuring greater efficiency, customer engagement, and long-term sustainability.
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Published on: Mar 13, 2025, 2:48 PM IST
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