PR89557

MUMBAI,India, May 18,2021 /PR Newswire=KYODO JBN/--

- Platform to support growth in Performing Loans segment

    Larsen & Toubro Infotech Ltd. (BSE: 540005), (NSE: LTI), a global

technology consulting and digital solutions company has entered into a

strategic engagement with Hoist Finance AB,  a pan European financial services

company, to provide Banking-as-a-Service for Performing Loans segment through

its Digital Banking Platform

(https://www.lntinfotech.com/news-event/lti-selects-temenos-to-launch-digital-ba

nking-platform-in-the-nordic-market/)

    LTI's Digital Banking platform, powered by Temenos, will enable Hoist

Finance to be more scalable and with faster on-boarding of new asset classes

across regions. The platform provides seamless interoperability, agility, and

higher security at a lower total cost of ownership.

    Klaus-Anders Nysteen, CEO, Hoist Finance, said: "The strategic partnership

with LTI is in line with our growth strategy for performing loans segment in

Europe. It will help us strengthen Hoist's positioning as a leader in this

segment with digital-first strategies. LTI has been a strategic partner for

Hoist since 2019 and has supported multiple transformation initiatives,

spanning workplace transformation, infrastructure transformation and migration

to the cloud. Onboarding LTI's digital banking platform was a natural extension

of our strategic partnership."

    With its comprehensive capabilities, LTI's 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.

    Sanjay Jalona, CEO & Managing Director, LTI, said "LTI's digital banking

platform combines our functional and technological expertise to modernize

operations without huge upfront investment or license cost. The consumption

based model offered by the platform will enable banks to stay competitive

without worrying about technology cycles. We are proud of our partnership with

Hoist, and look forward to enabling their expansion across Europe."

    LTI's Digital Banking platform will seamlessly operate across existing

Hoist applications and infrastructure through an API driven interface to

connect with third party systems.

    Julia Ehrhardt, Chief Retail Banking and Business Development Officer,

Hoist Finance, said: "LTI's state-of-art digital banking platform will

facilitate Hoist in accomplishing its strategic objective of enhancing its

market share in the retail banking segment which is estimated to  grow from 700

Million SEK currently to 4 Billion SEK by 2023. LTI's platform is fully

scalable, providing Hoist with the agility to expand its performing loans and

deposits offering into all of our markets."

    With presence across Sweden, Denmark, Norway, and Finland, LTI is one of

the leading IT Consulting and digital solutions providers in the Nordic region.

A recent study

(https://www.lntinfotech.com/news-event/lti-recognized-among-the-top-performers-

in-nordic-region/) by Whitelane Research and PA recognized the company among

the top performers in the Nordic region and #1 in customer satisfaction in

Sweden. The company counts leading banks and financial institutions among its

clients in the region.

    About LTI

    LTI (NSE: LTI) is a global technology consulting and digital solutions

Company helping more than 400 clients succeed in a converging world. With

operations in 31 countries, we go the extra mile for our clients and accelerate

their digital transformation with LTI's Mosaic platform enabling their mobile,

social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of

Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world

expertise to solve the most complex challenges of enterprises across all

industries. Each day, our team of more than 33,000 LTItes enable our clients to

improve the effectiveness of their business and technology operations and

deliver value to their customers, employees and shareholders. Follow us at

@LTI_Global

    Connect with LTI:

- Read our News(https://www.lntinfotech.com/news-events/) and

Blogs(https://www.lntinfotech.com/blogs/)

- Follow us on Twitter (https://twitter.com/LTI_Global) and

LinkedIn(https://www.linkedin.com/company/l&t-infotech)

- Like us on

Facebook(https://m.facebook.com/LarsenToubroInfotech/?hc_ref=SEARCH&fref=nf#_=_)

- Watch our videos on YouTube(https://www.youtube.com/user/LarsenToubroInfotech)

    Read more:

- LTI – Temenos

services(https://www.lntinfotech.com/industries/banking-financial-services/core%

20banking/temenos-services/)  

- Press release: LTI Selects Temenos to Launch Digital Banking Platform in the

Nordic

Market(https://www.lntinfotech.com/news-event/lti-selects-temenos-to-launch-digi

tal-banking-platform-in-the-nordic-market/)

- Press release: LTI Wins Multiyear Engagement with Hoist Finance

AB(https://www.lntinfotech.com/news-event/lti-wins-multiyear-engagement-with-hoi

st-finance-ab/)

    Logo: https://mma.prnewswire.com/media/1044154/LTI_Logo.jpg

    Source : LTI