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Table of Contents Absa Bank Reaffirms LTIMindtree as a Strategic Technology Partner in its Transformation Journey MASSIMO's Annual Blood Donation Initiative: A Triumph of Compassion and Commitment

Absa Bank Reaffirms LTIMindtree as a Strategic Technology Partner in its Transformation Journey Thursday 18 July 2024 09:30 AM UTC+00 Business Wire India LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today announced a multi-million dollar contract extension with Absa Bank, a leading African financial services group. This reinforces LTIMindtree's position as Absa Bank's trusted strategic technology partner. The extended partnership builds upon a successful 17-year collaboration, where LTIMindtree has been instrumental in driving Absa Bank's digital transformation journey, fostering growth and efficiency.   Absa Group Limited, a publicly traded company on the JSE, is one of Africa's largest diversified financial services groups. The company has footprints across 12 African countries, China, the United Kingdom, and the United States. LTIMindtree will act as a one-stop shop for Absa Bank's IT needs, providing comprehensive services to bolster its digital infrastructure. This includes deploying cutting-edge solutions in Digital Transformation, Applied AI, Cloud Acceleration, Data-Driven Decision Making, and Core Banking Modernization.   Johnson Idesoh, Group Chief Information and Technology Officer at Absa Group, said, "Adopting modern IT systems and capabilities has always been our priority to ensure exceptional and seamless customer experiences. With a relationship of 17 years, LTIMindtree has delivered tangible business value to our banks, over a protracted period. At the same time, LTIMindtree, through process optimization and the application of advanced technology like Automation and Generative AI, has helped us lower total cost of ownership by 46% over the last 5 years. This ties in with our technology transformation journey. Together, we deliver stable and robust services to our customers in the African continent. We are confident that extending this partnership will enable our business growth even further and assist us to continuously enhance value for our customers, making our banks even more competitive."   Sudhir Chaturvedi, President & Executive Board Member, LTIMindtree, said, "We are proud to be a trusted strategic partner for Absa Bank, celebrating over 17 years of successful collaboration. 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. We are confident that through our deep industry knowledge and advanced data and analytics capabilities, we will continue to accelerate Absa Bank's transformation journey. This will empower them to achieve their strategic goals of becoming a client-centric and technology-first bank."   This strengthened partnership solidifies LTIMindtree's leadership in the Banking, Financial Services, and Insurance (BFS & I) sector. By leveraging its domain expertise, robust technology solutions, industry-specific offerings, and a powerful partner ecosystem, LTIMindtree empowers BFS & I clients to achieve true end-to-end transformation. This includes core modernisation, go-to-market innovation, cloud adoption, data-driven decision-making, and enhanced customer engagement through insightful analytics, personalised marketing, and tailored experiences.

MASSIMO's Annual Blood Donation Initiative: A Triumph of Compassion and Commitment Thursday 18 July 2024 12:43 PM UTC+00 Business Wire India MASSIMO proudly announces the success of its 2024 Blood Donation Drive, held across various branches in India. This annual initiative, witnessed remarkable participation and enthusiasm from Team MASSIMO, along with their friends and family members whereby almost 5000 people across India donated blood. Their unwavering commitment to this noble cause reflects the true spirit of MASSIMO's mission: Powering Lives and Saving Lives.   Mr. Vikas Goyal, Managing Partner of MASSIMO, expressed his heartfelt gratitude: "This initiative wouldn't have been possible without the collective effort of our team, their families, and our valuable partners. Their dedication and willingness to donate blood demonstrate our shared commitment to making a tangible difference in society."   Mr. Vinay Pratap Singh, Business Head - India, added, "We are overwhelmed by the response and success of this year's Blood Donation Drive. The drive is now in its second year as Pan India expansion of MASSIMO started in 2022, it is inspiring to see our team and partners come together for such a noble cause. MASSIMO aims to continue this tradition every year on Blood Donor Day, ensuring that the company contributes to saving lives and supporting the community."   MASSIMO extends its deepest thanks to all the blood banks and hospitals for their invaluable support and partnership. Together, they have shown that with commitment and collaboration, a significant impact can be made.   MASSIMO is dedicated to delivering quality products and services, ensuring reliability and excellence in everything it does. MASSIMO specializes in advanced battery solutions, inverters, solar and other power solutions designed to meet the energy needs of modern homes and businesses. Here's to powering and saving lives, today and always.

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