Infosys English news | Infosys, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

"Post-acquisition for $144 million (Rs 999 crore) in cash by our arm Infosys Consulting Pte Ltd, we have formed a strategic tie-up with Stater, which provides mortgage administration services," the city-based IT behemoth said in a statement.The Amsterdam-headquartered third largest Dutch bank, ABN, will hold the remaining 25 per cent of the shareholding in Stater.As a market leader in the Benelux region, Stater operates across the mortgage and consumer lending value chain, with capabilities in digital origination, servicing and collection.The 22-year-old Stater also has European mortgage expertise and a digital platform to drive superior customer experience."The partnership strengthens us as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies," said the statement.Stater's expertise in the mortgage services market, combined with the global reach, Artificial Intelligence (AI), digital transformation and automation capabilities of the outsourcing firm can create differentiated solutions for the market."We will drive Stater's digital transformation roadmap with accelerators such as dynamic workflow, Application Programming Interface (API) layers, Robotics Process Automation (RPI) and analytics under its management team," it added.Mortgage services is a focus area for large corporations in the financial sector, given the importance of the asset on a bank's balance sheet."The transaction helps our approach to offer clients' digital platforms and industry-focused solutions. It also brings our capabilities to enhance the value we offer to our financial services clients," said Infosys President Mohali Joshi on the occasion."While mortgages are a key product for us, providing administrative mortgage services is not a core activity for us," said ABN executive board member Christian Bornfeld in the joint statement.As largest mortgage service provider in the Benulux countries (Belgium, Netherlands and Luxumbourgh), Stater services a whopping 17 lakh mortgage and insurance loans for 50 clients in the Netherlands and Belgium.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Delhi Car Blast

Bihar Assembly Election 2025

Stock Market News

Cricket News

Maharashtra News

Mumbai Local

InfosysFOLLOW

Infosys, Latest News

National :No change in dividend distribution tax

Finance Secretary Subhash Chandra Garg on Friday ruled out any change in the dividend distribution tax, but expressed flexibility that grandfathering tax on buybacks can be discussed with the revenue department. ...

Business :Infosys creates 36% return for shareholders in FY19

Infosys, the global software services major, generated 36 per cent return for shareholders in 2018-19, said a top official here on Saturday. ...

Business :Infosys using automation to transform clients' business: Nilekani

Renewing legacy systems but discarding legacy mindsets, India's global software major Infosys is relying on automation for digital transformation of their clients' business, Chairman Nandan Nilekani said on Saturday. ...

Business :Infosys takes over Dutch bank arm with majority stake

Global software major Infosys on Friday said it has completed the acquisition of majority (75 per cent) equity stake in the Stater N.V. subsidiary of the Netherlands-based ABN AMRO Bank. ...