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LTI soars on selecting Temenos to launch digital banking platform in Nordic Market

01 Dec 2020 Evaluate

Larsen & Toubro Infotech (LTI) is currently trading at Rs. 3316.00, up by 113.60 points or 3.55% from its previous closing of Rs. 3202.40 on the BSE.

The scrip opened at Rs. 3230.00 and has touched a high and low of Rs. 3469.45 and Rs. 3230.00 respectively. So far 35178 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3515.15 on 12-Oct-2020 and a 52 week low of Rs. 1207.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3469.45 and Rs. 3025.35 respectively. The current market cap of the company is Rs. 58070.34 crore.

The promoters holding in the company stood at 74.36%, while Institutions and Non-Institutions held 17.62% and 8.02% respectively.

LTI has partnered with Temenos, the banking software company, to launch Digital Banking Platform, powered by Temenos technology. The platform will modernize legacy core banking systems in the Nordic region, enabling financial institutions to be more agile and scalable while reducing operating costs. Banks will also be able to leverage the platform to launch new products and services faster.

With its comprehensive capabilities, the Digital Banking Platform provides end-to-end integration with Temenos Transact, Temenos Infinity, Temenos Payments, and Temenos Financial Crime Mitigation as well as Fintech solutions like regulatory reporting, authentication, KYC solutions, card services, and payment solutions available on Temenos Marketplace. LTI and its fully-owned subsidiary, Syncordis Consulting, a leading Temenos expert in the European region for more than 15 years, will provide implementation and managed services.

LTI is a global technology consulting and digital solutions company helping more than 420 clients succeed in a converging world.

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