Published Date: April 02, 2019

Ahli United Bank-Kuwait Selects EdgeVerve for its Automation Journey

Kuwait – April 2, 2019: EdgeVerve Systems, a subsidiary of Infosys (NYSE: INFY), has been selected by Ahli United Bank, Kuwait to automate the bank’s operational processes using the AssistEdge RPA platform. Ahli United Bank is one of the pioneering banks in Kuwait to innovate its banking operations using RPA.

Leveraging AssistEdge’s RPA platform, the bank will be able to improve SLAs (service level agreements), accelerate turnaround time, reduce human dependency and errors by increasing efficiency and efficacy of processes across different business functions.

AssistEdge helps businesses become truly digital through process automation. Highly scalable and secure, AssistEdge is a holistic process automation platform offering products across process discovery, intelligent automation and orchestration, catering to multiple industry sectors. It provides integrated software robots to automate high-touch repetitive processes and assisted automation for processes which need manual intervention.

Commenting on the solution, Ms. Jehad Al Humaidhi, Deputy CEO Banking Support Group, Ahli United Bank, Kuwait, said, “We are thrilled to implement Robotics. We have been continuously focused on enhancing the overall customer experience and digitalization remains at the core of our strategy. We have always endeavored to introduce new innovations, bringing efficiencies to customer’s financial value chain through futuristic technologies like Robotics, Biometric Identification, Artificial Intelligence and Machine Learning. With introduction of Robotics, banking operations will be streamlined and we will derive major cost efficiencies. This initiative is another milestone in our continuous endeavor towards digitizing the financial value chain.”

Atul Soneja, SVP & Global Head – Edge Products and Infosys Nia, said, “We are excited to partner with Ahli United Bank Kuwait, to work on their strategic initiatives around robotics, AI and automation. AssistEdge has been helping customers drive significant cost, efficiency and quality benefits by taking them through a journey from process discovery to automation and management of digital workforce. We are proud to be the automation product partner of choice for the bank.”

About EdgeVerve Systems Ltd.

EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, interactive commerce, distributive trade, customer service and enterprise buying and help them navigate their digital journey with our AI enabled Automation and Business Solutions.

At EdgeVerve, we are making constant strides towards transforming enterprises by providing AI enabled Business Applications, leveraging the Infosys Nia™ Platform with capabilities across the Automation continuum. Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing and telecom.

Finacle, our industry–leading digital banking solution suite is the choice of financial institutions across 100 countries to service more than a billion consumers and 1.3 billion accounts.

To know more, visit www.edgeverve.com

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements mentioned in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2018. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

Media contacts:

For further information, please contact: PR_Global@infosys.com

Statement from EdgeVerve Systems

This is with regard to the press release titled, “Ahli United Bank-Kuwait Selects EdgeVerve for its Automation Journey” issued on April 2, 2019. The introductory paragraph of the press release erroneously mentions Al Ahli Bank instead of Ahli United Bank – Kuwait. Therefore, we would like to clarify that the contract is between EdgeVerve Systems, a subsidiary of Infosys (NYSE: INFY) and Ahli United Bank – Kuwait.