Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, April 26 2022 - 23:00
AsiaNet
Launched: Infosys Cobalt Financial Services Cloud, an Industry Cloud Platform to help Firms Unleash the Power of Cloud-Driven Transformation
NEW YORK, April 26, 2022 /PRNewswire-AsiaNet/

    Infosys (https://www.infosys.com/)(NYSE: INFY), a global leader in 
next-generation digital services and consulting, today announced the launch of 
Infosys Cobalt Financial Services Cloud, an industry cloud platform for 
enterprises to accelerate business value and innovation in the cloud across the 
financial services industry. Adopted by enterprises globally for enhanced 
business process transformation and rapid innovation, Infosys Cobalt Financial 
Services Cloud is a secure, vertical cloud platform that enables enterprises to 
accelerate cloud adoption, rapidly build cloud native business platforms, drive 
business agility and growth, foster innovation, and deliver a personalized 
customer experience.

    The Infosys Cobalt Financial Services Cloud platform offers:

      1. Security and regulatory compliance designed and built into the 
platform.
      2. Financial services-specific assets, use case solutions, and 
microservices, along with reusable frameworks, blueprints, and patterns.
      3. Capability to rapidly deliver cloud native business platforms with 
 composable components and services leveraging an open architecture.
      4. Low-code apps for use by business and citizen developers and machine 
 learning models offering intelligence and amplification of financial services 
 use cases.
      5. Accelerated cloud migration with tools, automation templates, and 
prebuilt services, and the ability to run on public cloud.
      6. Strong alliance partner ecosystem offered through Infosys Cobalt Cloud.
 Capability to create an integrated ISV and developer marketplace.

    Dave Cosgrove, Global Head of Settlements & Middle Office, MarketAxess, 
said, "MarketAxess is leveraging the Infosys Cobalt Financial Services Cloud 
platform for reconciliation as a service on cloud. This is helping us scale the 
reconciliation process on-demand while improving accuracy and transparency. 
Leveraging the reconciliation service on Infosys Cobalt Financial Services 
Cloud enabled us to go-live quickly without significant capex investments and 
ongoing maintenance thereby, bringing the power of cloud agility and 
usage-based pricing model to a critical business process."

    Mohit Joshi, President, Infosys, said, "The Financial Services industry is 
seeking to harness the power of cloud for business outcomes, agility and 
innovation – not just for hosting applications and data. This business focus 
requires an effective and secure cloud platform for financial services. The 
Infosys Cobalt  Financial Services Cloud is designed ground up exclusively for 
enterprises across the vertical to achieve these outcomes and drive speed to 
value."

    To learn more, please visit Infosys Cobalt FS Cloud 
[https://www.infosys.com/industries/financial-services/industry-offerings/infosy
s-cobalt-financial-services-cloud.html].

    About Infosys

    Infosys is a global leader in next-generation digital services and 
consulting. We enable clients in more than 50 countries to navigate their 
digital transformation. With over four decades of experience in managing the 
systems and workings of global enterprises, we expertly steer our clients 
through their digital journey. We do it by enabling the enterprise with an 
AI-powered core that helps prioritize the execution of change. We also empower 
the business with agile digital at scale to deliver unprecedented levels of 
performance and customer delight. Our always-on learning agenda drives their 
continuous improvement through building and transferring digital skills, 
expertise, and ideas from our innovation ecosystem.

    Visit www.infosys.com (https://www.infosys.com/) to see how Infosys (NSE: 
INFY), (BSE: INFY), (NYSE: INFY) can help your enterprise navigate your next.

    Safe Harbor

    Certain statements in this press release are forward-looking statements 
intended to qualify for the 'safe harbor' under the Private Securities 
Litigation Reform Act of 1995, including statements concerning our future 
business opportunities and growth prospects.  Such forward-looking statements 
involve a number of risks and uncertainties that could cause actual results to 
differ materially from those in such forward-looking statements. The risks and 
uncertainties relating to these statements include, but are not limited to, 
risks and uncertainties regarding fluctuations in earnings, fluctuations in 
foreign exchange rates, our ability to manage growth, intense competition in IT 
services including those factors which may affect our cost advantage, wage 
increases in India, our ability to attract and retain highly skilled 
professionals, client concentration, restrictions on immigration, industry 
segment concentration, our ability to manage our international operations, 
reduced demand for technology in our key focus areas, disruptions in 
telecommunication networks or system failures, our ability to successfully 
complete and integrate potential acquisitions, liability for damages on our 
service contracts, the success of the companies in which Infosys has made 
strategic investments, withdrawal or expiration of governmental fiscal 
incentives, political instability and regional conflicts, legal restrictions on 
raising capital or acquiring companies outside India, and unauthorized use of 
our intellectual property and general economic conditions affecting our 
industry. Additional risks that could affect our future operating results are 
more fully described in our United States Securities and Exchange Commission 
filings including our Annual Report on Form 20-F for the fiscal year ended 
March 31, 2021. These filings are available at www.sec.gov. Infosys may, from 
time to time, make additional written and oral forward-looking statements, 
including statements contained in the company's filings with the Securities and 
Exchange Commission and our reports to shareholders. In addition, please note 
that any forward-looking statements contained herein are based on assumptions 
that we believe to be reasonable as of the date of this press release. The 
company does not undertake to update any forward-looking statements that may be 
made from time to time by or on behalf of the company unless it is required by 
law.

    Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg 
 
    Source: Infosys