Infosys Partners with Metro Bank for Transformation
Enables the bank to enhance agility, insight, and employee experience to build a future-ready enterprise
BENGALURU, India – Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a frontrunner in next-generation digital services and consulting, has entered into a collaborative agreement with Metro Bank, an independent UK bank, alongside Workday (NASDAQ: WDAY), the AI platform for managing finance and resources, to modernize Metro Bank's finance operations.
Through this partnership, Infosys and Workday will assist Metro Bank in transitioning from outdated systems to a consolidated, cloud-native solution by deploying a suite of Workday applications. This endeavor marks a significant milestone in Infosys' commitment to providing cloud solutions that catalyze digital transformation in the banking industry.
Benefits of Workday Solutions for Metro Bank
By leveraging an array of Workday functionalities, such as Workday Financial Management, Workday Accounting Center, Workday Spend Management, and Workday Prism Analytics, Infosys aims to streamline Metro Bank's business processes. The collaboration will enable centralized financial data management and automation of essential functions, fostering agile decision-making and supporting future growth. Furthermore, this modernization is set to accelerate financial reporting and close processes, while simultaneously enhancing governance and risk management through improved controls and audit trails.
Statements from Executive Leaders
Marc Page, Chief Financial Officer at Metro Bank, shared, "We're continuing to transform our platforms through our partnership with Infosys, helping our digital advancement. This collaboration will help unify our core finance operations, providing our team with self-service tools and simplifying daily operations. It supports our long-term growth strategy and enhances our ability to evolve in the future."
Daniel Pell, Vice President and Country Leader at Workday UK & Ireland, commented, "The financial services sector is experiencing significant shifts, where technology is fundamental for adaptation. Metro Bank's choice to collaborate with Workday epitomizes their vision to simplify operations, uncover insights, and empower their workforce. Together with Infosys, we are excited to assist in a transformation that will enable the bank to operate more efficiently and enhance customer service excellence."
Empowering Financial Institutions for Digital Growth
Dinesh Rao, EVP - Chief Delivery Officer at Infosys, stated, "We empower financial institutions to reconsider their operations for the digital forefront. Our collaboration with Metro Bank showcases our proficiency in facilitating expansive enterprise modernization within the financial sector. Through a holistic approach to their transformation journey, we help them unlock unparalleled efficiency and adaptability, ensuring their technology landscape aligns with ambitious aspirations. We observe an emerging trend within the banking sector towards adopting cloud-first strategies to achieve unmatched agility and insight, with platforms like Workday being pivotal for sustained growth and innovation going forward."
About Workday
Workday is the AI-driven platform for effectively managing personnel, financials, and automated processes. It assists a wide range of organizations worldwide, from mid-sized companies to over 60% of Fortune 500, in enhancing operations with AI as a core element. With over 11,000 global users, the Workday platform is designed to elevate productivity and propel businesses forward.
About Infosys
Infosys stands as a global leader in digital services and consulting, with a workforce exceeding 320,000 individuals dedicated to enhancing human potential and creating new opportunities. The firm fosters clients across 59 countries, guiding them through digital transformation. With a rich history of over four decades in managing global enterprise systems, Infosys adeptly navigates clients in their digital journey powered by AI and cloud technologies. The organization emphasizes being a well-governed, environmentally sustainable entity where a diverse workforce thrives in an inclusive environment.
For more information, visit www.infosys.com to discover how Infosys (NSE: INFY) can guide your enterprise through its next transformation.
Frequently Asked Questions
What is the goal of the collaboration between Infosys and Metro Bank?
The partnership aims to modernize Metro Bank’s finance operations by implementing Workday solutions, thereby enhancing operational efficiency and decision-making capabilities.
How will Workday solutions benefit Metro Bank?
Workday solutions will help Metro Bank streamline its operations, centralize financial data, and enable automation of essential functions, leading to improved decision-making and growth support.
What did Marc Page say about the partnership?
Marc Page highlighted that the collaboration would unify core finance operations and support long-term growth strategies, providing tools for staff to simplify daily operations.
What role does Dinesh Rao see for financial institutions in the digital age?
Dinesh Rao asserts that financial institutions need to rethink their operations for the digital age and that adopting cloud-first strategies is vital for achieving flexibility and intelligence.
How does Infosys plan to support clients in managing their digital transformation?
Infosys aims to empower clients with a comprehensive understanding of digital needs, utilizing AI and cloud technology to foster continuous improvement and adaptation to market changes.
