LTIMindtree has secured a multi-million dollar contract extension with Absa Bank, a prominent African financial services group.
What Happened: As per a regulatory filing, the extended contract builds on a 17-year successful collaboration between LTIMindtree and Absa Bank. Over the years, LTIMindtree has been instrumental in driving Absa Bank’s digital transformation journey, fostering growth and efficiency.
The renewed partnership ensures that LTIMindtree will continue to offer comprehensive IT services to Absa Bank. The services will encompass solutions in Digital Transformation, Applied AI, Cloud Acceleration, Data-Driven Decision Making, and Core Banking Modernization.
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Johnson Idesoh, Group Chief Information and Technology Officer at Absa Group, expressed optimism that the extended partnership will further propel business growth and amplify value for their customers.
Sudhir Chaturvedi, President & Executive Board Member, LTIMindtree, assured that through this renewal, they will persist in delivering top-notch core banking solutions, accelerating Absa Bank’s transformation journey and aiding them in accomplishing their strategic objectives.
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