Al Ahli Bank of Kuwait Partners With EdgeVerve for its Robotic Process Automation Journey

PR79875

KUWAIT City, July 29, 2019 /PRNewswire=KYODO JBN/ --

Al Ahli Bank of Kuwait has partnered with EdgeVerve Systems

(https://www.edgeverve.com/), a subsidiary of Infosys (NYSE: INFY)

(https://www.infosys.com/) to steer its automation journey using AssistEdge

Robotic Process Automation (RPA).

Logo: https://mma.prnewswire.com/media/847965/EdgeVerve_Infosys_Logo.jpg

The award-winning scalable automation platform, AssistEdge is an end-to-end

service for building and implementing RPA. It provides integrated software

robots to automate any high-touch, repetitive process. Used to modernize

customer service, improve business processes and enhance operational

productivity, it spans the entire gamut of automation.

Somnath Menon, Group Chief Operating Officer – Al Ahli Bank of Kuwait, said,

"Robotic Process Automation is part of ABK's digitization strategy to transition to

the next level of innovation and technology in banking. ABK has collaborated with

EdgeVerve and successfully implemented RPA in key areas of Operations and

Information Security. We continue expanding the scope to include other areas

to improve efficiency, productivity, security, and enhance customer experience.

The automation journey will enable us to migrate repetitive tasks to the digital

workforce and reskill our staff to deliver more value added activities."

Atul Soneja, SVP & Global Head – Edge Products and Infosys Nia, said,

"AssistEdge has been delivering sustained value to many large enterprises

around the world. Known for its security and scalability, AssistEdge has

successfully accelerated the large-scale automation led transformation in

numerous banks. We are excited to work with Al Ahli Bank of Kuwait in their

process automation journey, driving cost efficiencies and streamlining its

operations. Our relationship with Al Ahli Bank comes at a critical juncture as

the industry pivots towards intelligent automation, and AssistEdge is well

poised to release a series of breakthrough innovations to help our clients

embrace cognitive capabilities."

Venkatramana Gosavi, SVP and Global Head of Client Engagement, Infosys Finacle,

said "Al Ahli Bank of Kuwait has been a front runner in adopting leading edge

technologies to accelerate growth and deliver a digital age banking experience

to its customers. The bank has already achieved a generational leap with the

next generation Finacle suite of banking solutions. We are pleased that the

bank has chosen EdgeVerve's AssistEdge to expand its transformation journey and

drive scalable automation to enhance customer service and productivity."

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(TM)

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.

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, 2019. 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.

Source: EdgeVerve