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Infosys rises on planning to collaborate with Frost Bank

17 Sep 2021

Infosys is currently trading at Rs. 1713.95, up by 11.60 points or 0.68% from its previous closing of Rs. 1702.35 on the BSE.

The scrip opened at Rs. 1701.50 and has touched a high and low of Rs. 1716.50 and Rs. 1692.90 respectively. So far 97734 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1755.60 on 24-Aug-2021 and a 52 week low of Rs. 970.15 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1722.00 and Rs. 1675.00 respectively. The current market cap of the company is Rs. 718903.12 crore.

The promoters holding in the company stood at 12.95%, while Institutions and Non-Institutions held 55.37% and 14.32% respectively.

Infosys is planning to collaborate with Frost Bank to provide strategic business consulting and digital capabilities that will enable Frost Bank to offer mortgage loans along with its other consumer loan products. Infosys will help design the bank's mortgage loan process landscape from origination to servicing, design the end-customer experience, and select the most effective technology platform to run and manage operations, while driving growth for its mortgage solutions over the next five years.

Infosys and Frost Bank will work together to create a human-centric, digital-first approach to customer mortgage loans that delivers superior borrower experience along with cutting-edge efficiency of operations. The implementation strategy will focus on accelerating launch of the new product, while also streamlining the mortgage value chain for Frost Bank by taking advantage of Infosys' access to global best practices and innovations.

Infosys is a global leader in next-generation digital services and consulting.

Related Infosys Ltd. Links:

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1715.50 6.75 (0.40%) Oct 14, 18:01
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