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LTIMindtree: LTIMindtree creates Banking Transformation Practice


LTIMindtree on Thursday said it has integrated its subsidiaries Syncordis and Nielsen+Partner to form a specialised banking transformation practice (BTP).

The BTP will deliver end-to-end consulting, digital and IT services, leveraging commercial off-the-shelf (COTS) products and platforms serving banks and capital market firms, the company said.

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The erstwhile L&T Infotech (before its 2022 merger with Mindtree) had acquired Syncordis in December 2017 for EUR 15 million and Nielsen+Partner in January 2019 for EUR 28 million.

Through this integration, LTIMindtree aims to combine complementary capabilities of two successful companies with a proven track record in delivering industry-leading growth, it said in a statement.

“We envision the newly formed banking transformation practice to deeply serve our global clients, empower strategic partnerships and deliver productized services,” said Nachiket Deshpande, chief operating officer of LTIMindtree.

Guillaume Desjonqueres, chief executive of Syncordis, said, “In LTIMindtree BTP, customers will find a partner large enough to champion their end-to-end complex transformational aspirations and nimble enough to care deeply for them.”

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LTIMindtree’s BTP will offer customers product/platform capabilities, a diverse set of end-to-end, core-to-consumer offerings augmented by deeper industry partnerships and a skilled talent pool.

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