On June 26, Infosys won a $454-million deal for the digital transformation of Denmark’s Danske Bank, the latest IT services firm to win a mega deal due to the sector slowdown.

The deal holds five years, which might be ramped up to $900 million, renewing around another three years, the company mentioned in an exchange filing.
The declaration comes a week after superior rival TCS took a $1.1 billion deal from UK’s NEST.

Infosys succeeded over Accenture in winning the Danske deal, as part of which the Indian firm will also obtain Danske Bank’s IT centre in Bengaluru, which hires 1,400 people.
In May 2023, Infosys stated it won a $1.5-billion agreement from BP, marking the biggest deal since the firm signed Daimler in late 2020.

In an account, Danske Bank said the partnership with Infosys would help accomplish its strategic priorities concerning customer experience and operational brilliance.
Infosys was selected to help with the bank’s technology transformation, optimise its access to aptitude and capabilities and improve productivity.

It would quicken the bank’s digital program by enhancing its IT operations and competencies with Infosys Topaz, its recently proclaimed AI-first offering. Infosys assumes the transactions to be completed before Q2FY24.
Danske Bank’s Chief Operating Officer Frans Woelders said the bank’s approach to being a leading bank in a digital age was supported by investments in digitalisation and technology. It comprised “plans to advance our customer-facing digital solutions and modernise our technology substructure to enable even better customer experiences and drive operational efficiency.