Frost Bank Selects Infosys as Strategic Partner to Launch New Mortgage Product Offering

AUSTIN, TX, September 16, 2021 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it will collaborate with Frost Bank to provide strategic business advice and capabilities that will allow Frost Bank to offer mortgages alongside its other consumer lending products. Infosys will help design the landscape of the bank’s mortgage process from inception to service, design the end-customer experience, and select the most efficient technology platform to execute and manage operations, while driving the growth of its mortgage solutions over the next five years.

Infosys and Frost Bank will work together to create a human-centric, digital approach to mortgage lending to customers that delivers a superior borrower experience along with industry-leading operational efficiency. The implementation strategy will focus on accelerating the launch of the new product, while streamlining the mortgage value chain for Frost Bank by leveraging Infosys’ access to global best practices and innovations.

“Offering mortgages alongside our other consumer lending products is critical to meeting the changing needs of our customers and bringing the Frost experience to more Texans,” said Phil GreenFrost Bank CEO. “Working with a world-class company like Infosys will allow us to be involved in the entire process from start to finish and bring our industry-leading customer service experience to mortgages.”

Infosys also has deep expertise and years of experience working with independent mortgage providers and regional banks in the United States. Frost Bank can leverage this to compete profitably in a rapidly changing competitive landscape.

Mohit JoshiPresident, Infosys, said, “At Infosys, we have developed strong capabilities in transforming the mortgage business by providing our customers with unique solutions that meet their customers’ expectations for speed, transparency, convenience and personalization. Our collaboration with Frost Bank is ushering in a new era of mortgage servicing, and we are delighted to bring our collective expertise to this engagement. »

About Frost Bank

Frost is the banking, investment and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with $46.7 billion of assets to June 30, 2021. One of the 50 largest U.S. banks by asset size, Frost provides a full range of banking, investment and insurance services to businesses and individuals around the world. Austin, corpus Christi, dallas, fort worth, HoustonPermian Basin, Rio Grande Valley and San Antonio Regions. Founded in 1868, Frost has helped Texans with their financial needs for three centuries. For more information, visit www.frostbank.com.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable customers in over 50 countries to navigate their digital transformation. With over four decades of experience managing the systems and operations of global enterprises, we expertly guide our clients through their digital journey. We do this by empowering the business with an AI-powered core that helps prioritize change execution. We also equip the business with agile digital at scale to deliver unprecedented levels of performance and customer satisfaction. Our lifelong learning program drives their continuous improvement by developing and transferring digital skills, expertise and insights from our innovation ecosystem.

Visit infosys.com to see how Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) can help your business navigate your next.

Safe Harbor

Certain statements in this release regarding our future growth prospects, financial expectations and plans to manage the impact of COVID-19 on our employees, customers and stakeholders are forward-looking statements intended to qualify for the “sphere Security” under the Private Securities Litigation Reform Act. 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those contained in such forward-looking statements. The risks and uncertainties associated with these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of governmental and other measures to contain its spread, risks relating to an economic downturn or recession in India, United States and other countries around the world, changes in political, business and economic conditions, fluctuations in earnings, fluctuations in currency exchange rates, our ability to manage growth, intense competition in IT services, including factors that could to affect our cost advantage, salary increases in Indiaour ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price and fixed-term contracts, customer concentration, immigration restrictions, concentration of industry segments , our ability to manage our international operations, reduced demand for technology in our core focus areas, telecommunications network disruptions or system failures, our ability to complete and integrate potential acquisitions, liability for damages to our service contracts, the success of companies in which Infosys has made strategic investments, the withdrawal or expiration of government tax incentives, political instability and regional conflicts, legal restrictions on raising capital or acquisition of foreign companies India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigations. Additional risks that could affect our future results of operations are further described in our filings with the United States Securities and Exchange Commission, including our Annual Report on Form 20-F for the year ended March 31, 2021. These files are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company, except as required by law.

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