The deal aims to scale up the company’s artificial intelligence (AI) solutions and optimise operations.
,Infosys also secured an AI and automation solutions $2 billion deal for a 5 year period with an undisclosed, existing client earlier this year. The move marks an increasing interest in AI technology and implementation of data analytics into banking services.
,In June, Infosys signed a contract with Danske Bank to accelerate digital transformation initiatives.
Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.
Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore.
Alibaba Group has cancelled its plans to spin-off its cloud division due to uncertainties from US exports on AI chips.