Infosys Finacle announces its digital banking software-as-a-service offering for urban cooperative banks in India. The platform has been adopted by Vidya Sahakari Bank, Urban Cooperative Bank, Bareilly, and Zoroastrian Cooperative Bank. The end-to-end digital banking solution suite includes Finacle Core Banking and complementary solutions from SIPL, with solutions like ATM switch, mobile banking, internet banking.
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Infosys, in FY21, added approximately 3,000 people in the United States, bringing the total to 30,938. However, in Europe, the overall number of people employed fell to 16,412, down from 17,671 the year before. Infosys has already surpassed its goal of hiring 10,000 Americans, which was set up in 2017. Infosys has opened technology and innovation centers in Indiana, North Carolina, and Connecticut in the last three years.
Infosys is integrating its own platform and CoWIN to make the vaccination process easier for employees and families. Last month new guidelines were released for the integration of CoWIN with third-party platforms. India has been increasing the speed of vaccination with 24.9 cr citizens having received the jabs. Glitches on CoWIN are also being ironed out and users can make corrections to errors in name, DoB, and gender, on the CoWIN website.
Roland Garros 2021 and Infosys will use new-age tech — AI, 3D, and cloud solutions — to reach out to viewers, players, coaches, journalists, and broadcasters amidst the spread of COVID-19. The technology will help fans to experience the thrill of watching the game from outside the court on the Roland-Garros app in 3D, commentary, and game insights. Infosys is also using the tech to dynamically resize game videos to publish on different social media platforms.
Infosys CEO Salil Parekh’s compensation, in the fiscal year of 2020-21, saw a rise by 44%. He ended the year with a whopping Rs 49 cr income. Previously granted stock incentives and an increase in pay based on performance were the factors that led to this exponential rise. He received a stock compensation of Rs 30.99 cr and Rs 38 lakh in retiral benefits. 2019-20 saw Parekh earn Rs 34.27 cr.
A survey by Infosys suggested companies adopting cloud technologies have the opportunity worth $400 bn in annual profits. The survey was conducted across six countries with 2,500 respondents. To achieve this profit boost, companies need to have at least 60% of their It systems and 80% of business functions on the cloud. At present, only 17% of companies have 60% of IT systems on the cloud, which is expected to rise to 41% by the end of 2021.
India’s Infosys will hire 1000 techies in the UK over the next three years for various digital roles. These new recruits would be employed in various new-age tech jobs including cloud computing, data and analytics, AI, open-source tech, and enterprise services to supports Infosys’ global clientele. The IT services firm would also provide critical training and mentoring opportunities for the fresh hires.
Infosys and BP have signed an MoU to develop an integrated Energy-as-a-Service offering to provide clients end-to-end management of energy assets and services. The collaboration will leverage BP’s strength in energy and mobility and Infosys’ experience in digital capabilities to manage energy assets, provide low carbon power, low carbon heating/cooling, and low carbon mobility to campuses. The offerings will be powered by an AI-based digital platform.
The top five IT firms — TCS, Wipro, Infosys, HCL Tech, Tech Mahindra — together will hire over 110,000 technology professionals in the FY 2021-22, much higher than the addition of the net job of 90,000 during the last FY. DXC Technology, Mindtree and many other tech firms will also step up hiring in the coming quarters of this FY to manage higher attrition rates. These companies look for talent to execute projects for clients looking to digitally transform their businesses.