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Infosys and DNB Bank ASA: Strengthening Financial Crime Prevention

In a significant move towards modernizing financial crime prevention, Infosys (NSE: INFY) has announced the expansion of its strategic partnership with DNB Bank ASA, Norway's largest bank. This development aims to enhance DNB's capabilities in combating financial crime through the advanced NICE Actimize X-Sight Enterprise platform.

Modernizing Financial Crime Prevention

The collaboration focuses on transforming DNB’s fragmented legacy systems into a unified, cloud-native platform powered by artificial intelligence. This modern infrastructure will not only improve risk insights but also boost detection accuracy and strengthen compliance across various regulatory frameworks.

As the system integration partner, Infosys is tasked with overseeing the end-to-end modernization of DNB's financial crime technology landscape. This includes redefining the enterprise architecture, ensuring seamless platform integration, and managing data migration effectively. Key functionalities such as customer and payment verification, customer due diligence, as well as transaction and fraud monitoring will be consolidated onto a single scalable SaaS platform, facilitating unified case management across the organization.

Enhanced Capabilities

Infosys leverages its extensive experience in transforming anti-financial crime systems to implement the NICE Actimize X-Sight platform. This secure, scalable system supports seamless data integration, advanced analytics, and intelligent automation. By incorporating crucial X-Sight solutions for anti-money laundering and fraud detection, DNB is set to gain a holistic view of customer risks.

Moreover, X-Sight will enable DNB to identify complex and evolving patterns of financial crime, harnessing AI-powered capabilities to deliver significant benefits. The integration of artificial intelligence enhances detection accuracy while expediting investigations that rely on insights, facilitating quicker decision-making processes.

DNB’s response time regarding regulatory requirements will also improve, future-proofing its control measures to combat financial crime.

Elin Sandnes, COO and Group Executive Vice President Technology Services at DNB, articulated the importance of this collaboration: “To protect our customers and uphold the integrity of the financial system, we must continuously raise the bar on detection and investigation. Working closely with Infosys and utilizing the X-Sight Enterprise platform, we enhance our ability to detect, investigate, and prevent complex financial crimes, while also supporting our digital transformation goals and better compliance with regulatory requirements.”

Industry Insights

Craig Costigan, CEO of NICE Actimize, emphasized the growing need for smarter, cloud-native approaches among financial institutions to counter the increasingly sophisticated nature of financial crime. The partnership with Infosys leverages AI-driven functionalities from the X-Sight Enterprise platform, aiding DNB in protecting its customers against rising fraud and financial crimes while improving operational efficiency and reducing costs.

Dennis Gada, Executive Vice President and Global Head of Banking Financial Services at Infosys, highlighted the challenges of legacy systems in keeping pace with the fast-evolving nature of financial crime. By consolidating functions to combat money laundering and fraud on an AI-ready enterprise cloud platform, Infosys supports DNB Bank ASA in progressing from fragmented controls to an integrated, intelligent operational model that ensures timely identification of risks, enables smarter investigations, and fosters consistent responses across various jurisdictions.

This modernization initiative positions Infosys as a strategic frontrunner in systems integration and transformation, while also unlocking the potential of AI through intelligent processes in monitoring, detection, and investigations.

About DNB Bank ASA

DNB Bank ASA is Norway’s largest financial services institution and ranks among the top in the Nordic region based on market capitalization. Offering a comprehensive range of financial solutions, including loans, savings, advisory services, insurance, and pension products, DNB caters to both retail and corporate clients. With a robust presence in various industries and a customer-centric approach, DNB is not just Norway's largest bank but also a pivotal tech player in the financial landscape.

About NICE Actimize

NICE Actimize is recognized as a global leader in artificial intelligence, platform services, and cloud solutions for preventing fraud, detecting financial crimes, and ensuring regulatory compliance. With a clientele of over 1,000 organizations across 70 countries, NICE Actimize empowers institutions to safeguard assets throughout the customer lifecycle while providing deeper insights to mitigate risks.

About Infosys

Infosys stands as a global leader in AI-first business consulting and technology services. With a workforce exceeding 325,000, Infosys aims to amplify human potential and create new opportunities for individuals, businesses, and communities. Present in 63 countries, Infosys leverages over four decades of experience to facilitate enterprise transformation through AI-driven frameworks and deep domain expertise.

For more information about how Infosys can assist in navigating the next steps for enterprises, visit www.infosys.com.