Wednesday, 11. June 2008
Infosys Technologies Honored for Its Work in Wholesale and Capital Markets
Infosys, one of India’s largest IT company, was recently honored with two prestigious awards by The Banker Technology Awards for its outstanding work in the field of wholesale and capital markets.
Infosys’ Program Autumn project, with one of Europe’s leading banks, was awarded the 2008 Offshoring and Outsourcing Project of the Year award, whereas Infosys’ impressive Money Movement (MM) project, with a global financial services company, won the 2008 Payments & Treasury Services Project of the Year award.
Infosys was praised for its excellent project management in Program Autumn, which was successfully completed ahead of schedule despite numerous complexities and challenges faced by the team. Additionally, Program Autumn met the goals and objectives outlined by the bank and brought with it some clear benefits, including increased predictability and consistency of service delivery, reduction in cost through offshoring and systematic service improvements.
“I am delighted that Infosys' dedication to bringing innovative global sourcing solutions and deep domain expertise has been recognized by The Banker. This award is a testament to our domain expertise, project execution and innovation in the banking and capital markets space at a global level,”said Ashok Vemuri, Senior VP and Global Head, Banking and Capital Markets group at Infosys.