In a separate agreement the companies have agreed to jointly offer information technology services and solutions.

"We are delighted to have Provenir as both a client and a teaming partner," said Ashok Vemuri, senior vice president and head of Infosys' Banking and Capital Markets. "This relationship is an important part of our strategy which will enrich our offerings and deliver clear competitive advantage to our clients."

This relationship between Provenir and Infosys will enable clients to take advantage of Infosys' best practices, consulting capabilities and technology expertise to quickly implement solutions that enable clients to fully leverage the broad capabilities of the Provenir Platform.

As a teaming partner, Provenir will have access to product expertise and strong application development and integration capabilities to help validate its product offerings. The partnership with Provenir will further enhance Infosys' superior industry expertise while working with one of the leading solution providers in the financial services industry.

"As our business continues to grow, particularly outside of North America, it is important for Provenir to be able to find ways to help our customers maximize the value and competitive advantage they can get from the Provenir Platform," said Jeffrey Oulton, chief operating officer, Provenir. "Our partnership with Infosys demonstrates our commitment to this objective. We look forward to leveraging Infosys' understanding of the financial services industry, deep client relationships, and global resources to deliver even greater value to our clients."