INFOSYS
Infosys (NYSE: INFY), a global leader in nextgeneration digital services and consulting, and Majesco, a global leader of cloud insurance software solutions, for insurance business transformation, today jointly announced a strategic collaboration. Through this collaboration, Infosys and Majesco will work together to help joint customers accelerate their digital transformation journey, enabling them to unlock new opportunities, address the demand for personalized customer experiences, operational effectiveness, and digital adoption across the insurance business value chain.
Infosys’ insurance domain and digital capabilities combined with Majesco’s cloud-based next-generation suite of solutions including the Majesco L&A and Group Core Suite, Majesco P&C Core Suite, and Majesco Digital1st® Insurance on Majesco CloudInsurer®, will accelerate business growth and innovation for the insurance industry. The combined synergy will help Life & Annuity (L&A), Group, and Property & Casualty (P&C) customers transform their business and will benefit insurers in achieving agility and innovation at speed and scale
“In an increasingly changing insurance marketplace of new customer expectations, new risks, new competitors and new innovative products, insurers must make bold moves to transform their business and meet the needs of a new digital era of insurance,” said Ed Ossie, Chief Operating Officer at Majesco. “Insurers must optimize today’s business and create the future business to substantially increase their potential for success. Majesco’s and Infosys’ collaboration will help our joint customers accelerate their transformation and their path to the future of insurance.”
L&T
Larsen & Toubro Infotech Ltd. (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company has entered into a strategic engagement with Hoist Finance AB, a pan European financial services company, to provide Banking-as-a-Service for Performing Loans segment through its Digital Banking Platform.
LTI’s Digital Banking platform, powered by Temenos, will enable Hoist Finance to be more scalable and with faster on-boarding of new asset classes across regions. The platform providesseamless interoperability, agility, and higher security at a lower total cost of ownership.
WIPRO
Following the transition to a new operating model, Opus Capital Markets Consultants, LLC, a Wipro Company, has been fully integrated with Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and is now Wipro Opus Risk Solutions LLC.
The newly formed company will continue to provide risk management, capital markets and compliance services.
”We will have the same dedication and commitment to existing and new clients,” said Peter Butler, executive managing director of digital operations and platforms for Wipro Opus. “We now can provide more value and resources as we become a part of a bigger brand and community. Combining Wipro's offerings with Wipro Opus Risk Solutions’ capabilities and knowledge base creates an end-to-end offering for all mortgage players.”
Wipro purchased Opus in 2014, and as a renowned global brand, Wipro connected Opus’ products, services and solutions to new markets, increased brand awareness and unlocked new business opportunities
“We are excited for the advantages this new operating model will bring,” said Chris Guidici, managing director of sales for Wipro Opus. “Together, as one Wipro organization, we are confident that we will be able to bring more innovative thinking and a bolder approach to our partnerships.”