As a strategic partner, LTI will manage IT operations for the Swedish financial services company

Mumbai, December 12, 2019: Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company has won a multiyear engagement with Swedish financial services company, Hoist Finance AB to manage its IT Operations. With presence in 11 European countries, Hoist Finance is headquartered in Sweden and is listed on Nasdaq OMX Stockholm exchange.

LTI will leverage its operate to transform approach to enhance stability, security and efficiency of Hoist Finance’s IT environment.

Klaus-Anders Nysteen, CEO, Hoist Finance, said “To execute on our strategy and become the digital leader in our industry, requires a multitude of thought leadership and professionalism as well as extensive technological experience and capabilities. With a strong delivery record and focus on increased stability, security and automation, LTI is the perfect fit for us to enhance the user experience for both our customers and employees and to accelerate our digital developments. We are looking forward to continuing on our digital journey through our multiyear partnership with LTI.”

Sudhir Chaturvedi, President & Executive Board Member, LTI, said “To be the breakaway leader in their domain, banking and financial services enterprises need to offer superior customer experience, and operate with extreme efficiency. We look forward to partnering with Hoist Finance to fulfill these objectives with our robust offerings that enable companies to use superior operations as a lever of transformation.”

LTI has a strong presense in the Nordic region and partners with leading companies across industries. Company has recently setup a proximity center in Poland to support clients in the region.