LTIMindtree announced a multi-million dollar contract extension with Absa Bank, a leading African financial services group. The partnership, which has already spanned 17 years, has seen LTIMindtree play a crucial role in Absa Bank’s digital transformation, the company said in a press release.
Absa Group is one of Africa’s largest diversified financial services groups, with operations in 12 African countries, China, the United Kingdom, and the United States. Under the extended contract, LTIMindtree will continue to be a comprehensive IT services provider for Absa Bank, supporting its digital infrastructure with advanced solutions in Digital Transformation, Applied AI, Cloud Acceleration, Data-Driven Decision Making, and Core Banking Modernization.
Sudhir Chaturvedi, President & Executive Board Member, LTIMindtree, said: “Through this renewal, we will continue to deliver best-in-class core banking solutions, encompassing digital, branch, and payment technologies for Absa’s customers. These solutions span multiple markets and focus on increased localization.”