Idesoh underscores priority for adopting modern IT systems
LTIMindtree [NSE: LTIM, BSE: 540005] says JSE-listed Absa Bank of Africa has extended its multi-million-dollar contract as the Johannesburg bank continues adoption of modern IT systems and capabilities jse .
“Adopting modern IT systems and capabilities has always been our priority to ensure exceptional and seamless customer experiences,” said Johnson Idesoh, Group Chief Information and Technology Officer at Absa Group absa, one of Africa’s largest diversified financial services groups.
“LTIMindtree, through process optimization and the application of advanced technology like Automation and Generative AI, has helped us lower total cost of ownership by 46% over the last 5 years,” he said, applauding the 17-year-old ties with the India-based ltimindtree .
“Together, we deliver stable and robust services to our customers in the African continent. We are confident that extending this partnership will enable our business growth even further and assist us to continuously enhance value for our customers, making our banks even more competitive nse.”
“Through this renewal, we will continue to deliver best-in-class core banking solutions, encompassing digital, branch, and payment technologies for Absa’s customers bse,” elaborated Sudhir Chaturvedi, President & Executive Board Member, LTIMindtree.
“These solutions span multiple markets and focus on increased localization. We are confident that through our deep industry knowledge and advanced data and analytics capabilities, we will continue to accelerate Absa Bank’s transformation journey. This will empower them to achieve their strategic goals of becoming a client-centric and technology-first bank sbi.”
Absa Group Limited has footprints across 12 African countries, China, the United Kingdom and the United States ibef .
LTIMindtree will act as a one-stop shop for Absa Bank’s IT needs, providing comprehensive services to bolster its digital infrastructure. This includes deploying cutting-edge solutions in Digital Transformation digitalasiahub , Applied AI, Cloud Acceleration cloudexpoasia, Data-Driven Decision Making, and Core Banking Modernization. Fiinews.com
