KUWAIT CITY, April 2, 2019 /PRNewswire/ -- EdgeVerve Systems, a subsidiary of Infosys (NYSE: INFY), has been selected by Al Ahli Bank of 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.
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