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Infosys’ Collaboration with Old National is Accelerating the Bank’s Operational and Technological Transformation

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EVANSVILLE, Indiana , Oct. 8, 2024 /CNW/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, and Old National Bank (NASDAQ: ONB), the sixth largest commercial bank headquartered in the Midwest, recently entered into a strategic expansion of their four-year collaboration. This deepening of a highly successful relationship enables Old National to leverage Infosys services, solutions and platforms for operations transformation and process digitization powered by automation and GenAI, and transformation of key business areas.

Since 2020, Infosys has helped Old National modernize its digital landscape using a highly efficient, self-funding model. The resulting uplift in stability, resiliency and improved client experience has served to accelerate and sustain Old National’s growth.

Jim Ryan, Chairman & CEO, Old National Bank, said, “At Old National, we are committed to creating exceptional client and team member experiences. Infosys is expertly guiding us through business process enhancements, with a strong emphasis on efficiency and value generation. We greatly appreciate Infosys’ commitment to our growth and success.”

Dennis Gada, EVP and Global Head of Banking and Financial Services, said, “Old National Bank and Infosys share a strong cultural and strategic alignment in developing, managing, and enhancing enterprise-scale solutions to transform the bank’s operations and support growth. We are excited to further accelerate Old National Bank’s business process and customer care transformation using Infosys Topaz. Our extensive experience in domain, technology, and operations, specifically for mid-sized and regional banks, will continue to bring deep growth and efficiency advantage for this segment.”

About Old National

Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $53 billion of assets and $30 billion of assets under management, Old National ranks among the top 30 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2024, Points of Light named Old National one of “The Civic 50” — an honor reserved for the 50 most community-minded companies in the United States.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

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

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings 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 unless it is required by law.

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Innovation in Isolation: New Book Commissioned by MacPaw Explores Ukraine’s Historic Contributions to Tech, Supporting Critical Humanitarian Aid

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43 mins ago

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October 8, 2024

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All proceeds will be donated to MacPaw Foundation, a non-profit organization established by MacPaw, to provide aid for civilians affected by russia’s invasion of Ukraine

BOSTON, Oct. 8, 2024 /PRNewswire/ — Innovation in Isolation: The Story of Ukrainian IT from the 1940s to the Present explores Ukraine’s pivotal role in the birth of computer science and its transformation from a former part of the Soviet Union to a thriving European innovation hub and is now available for preorder online. The book will be published on February 11, 2025 ahead of the third anniversary of russia’s unjust invasion of Ukraine. Commissioned by MacPaw – a global software company with deep Ukrainian roots –  published by IST Publishing, and distributed by Pathway Book Service in the U.S., all proceeds from Innovation in Isolation will support MacPaw Foundation’s humanitarian relief efforts in Ukraine. These funds will be directed to emergency wartime medical assistance in Ukraine’s most remote and inaccessible areas, a critical need in the face of russia’s ongoing aggression.

From the development of the first computer in Ukraine in the 1940s to its emergence as a global tech hub in the 21st century, Innovation in Isolation chronicles Ukraine’s pivotal role in the birth of computer science. Featuring exclusive interviews spanning generations with compelling illustrations and original photographs never before seen in the West, the book brings to life the untold stories of overlooked geniuses including Sergey Lebedev (1902–1974) and Victor Glushkov (1923-1982).

“We created Innovation in Isolation to shed light on the profound history of Ukraine’s IT industry and to show the world how Ukraine has produced so many talented engineers and IT specialists,” said Oleksandr Kosovan, Founder and CEO of MacPaw. “For decades, Soviet authorities and Moscow elites distorted our history, often claiming our inventions and the names of our inventors as their own. This book will fix that narrative, celebrating the true pioneers who helped Ukraine become a modern tech hub. I hope that readers find this exploration of Ukrainian history both enlightening and inspiring, recognizing the resilience and brilliance of these remarkable Ukrainian minds.”

Innovation in Isolation celebrates Ukraine’s achievements and offers valuable insights into the lessons learned under the oppression and propaganda of the former Soviet Union. This book offers readers a powerful message for today: Ukraine’s innovative spirit continues to thrive despite russian aggression. By examining Ukraine’s resilience and innovation in the face of adversity, readers will gain a deeper appreciation of Ukraine’s tech landscape and the indomitable spirit of its people.

For more information about Innovation in Isolation, visit https://www.innovation-in-isolation.com.

About MacPaw

MacPaw develops and distributes innovative software for macOS and iOS that simplifies the lives of Mac users. Renowned for its meticulously crafted products, such as CleanMyMac X, CleanMy®Phone, Setapp, and ClearVPN, and known for its Moonlock cybersecurity division, MacPaw is dedicated to enhancing and securing the Mac user experience. Founded in Kyiv, Ukraine, with a subsidiary office in Boston, MacPaw serves over 30 million users worldwide. With one in every five Mac users having at least one MacPaw app, the company is a trusted leader in the Mac software ecosystem.

To learn more about the MacPaw Foundation, visit https://macpaw.foundation.

For review copies of the book and interview requests, please contact:
Julia Drake | Wildbound PR | julia@wildboundpr.com | (310) 359-6487

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View original content:https://www.prnewswire.co.uk/news-releases/innovation-in-isolation-new-book-commissioned-by-macpaw-explores-ukraines-historic-contributions-to-tech-supporting-critical-humanitarian-aid-302265964.html

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Purpose-built, Flexible Life Science Facilities are the Leading Design and Construction Trend

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43 mins ago

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October 8, 2024

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Tenant needs shaping move toward flexible spaces that are ready for move-in

COLUMBIA, Md., Oct. 8, 2024 /PRNewswire/ — Demand toward life sciences manufacturing space when compared to innovation and R&D is driving the shift in tenant needs in the market, leading to changes in how architects and contractors’ partner with clients, said Abhishek Dhawan, DPR Construction’s Mid-Atlantic life sciences leader at Bisnow’s Life Sciences Summit.

“The advancement in science and technology has enhanced the need for life science buildings to accommodate continual adjustments in space and use by various tenants and companies,” Dhawan said. “Purpose-built, flexible facilities are the leading design and construction trend in the market.”

With a robust level of drug clinical trials driven by major pharmaceutical firms, the need for move-in-ready space and cGMP manufacturing is very important. However, with tight budgets and consistent advancements in the science and technology, architects and contractors are helping firms maintain a balance between these conflicting concerns.

Dhawan also noted that:

Facilities are being built to accommodate collaboration spaces, vibration sensitive equipment, efficient airflows and exhaust, mechanical/electrical/plumbing for multi-purpose facility use.Shared lab amenities that bring more flexibility in buildings include low temperate product storage, central glass wash/autoclave, data center, cleanroom and fabrication shops.Living plant walls, noise control, and increased access to daylight and fresh air make these buildings healthier for everyone who works in them. Moreover, incorporating features that encourage wellness, such as open and accessible stairways, dedicated fitness spaces and showers, and even outdoor dining, walking paths and bike storage rooms.

About DPR Construction

DPR Construction is a forward-thinking, self-performing general contractor and construction manager specializing in technically complex and sustainable projects for the advanced technology, life sciences, healthcare, higher education and commercial markets. DPR’s portfolio of work ranges from large-scale new construction to small tenant improvements and special projects. Founded in 1990, DPR is a great story of entrepreneurial success as a private, employee-owned company that has grown to a multi-billion-dollar organization with offices around the world. Strategically focused on delivering more predictable outcomes through applications of virtual design & construction, prefabrication, its team of self-perform craft, and leveraging data to learn and improve from DPR consistently ranks among the top building contractors and employs approximately 11,000 professionals across its family of companies. For more information, visit http://www.dpr.com.

For more information, please contact:

Lisa Ruano
DPR Construction
Tel: 908-451-9622
Email: lisaru@dpr.com

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SOURCE DPR Construction

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Earnest Analytics launches US consumer spending index based on credit card spending

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43 mins ago

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October 8, 2024

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NEW YORK CITY, N.Y., Oct. 8, 2024 /PRNewswire/ — Earnest Analytics, the leading data analytics firm for investors, companies, and consulting firms, has released a new Earnest Analytics Spend Index (EASI), powered by the Vela Gamma transaction dataset.

Earnest Analytics has released a new Earnest Analytics Spend Index, powered by the Vela Gamma transaction dataset.

The new Earnest Analytics Spend Index is an alternative data-driven measure of consumer activity that tracks spending across 89 merchant category codes (MCC), encompassing thousands of US merchants. The near real-time data is derived from the credit and debit card activity of millions of de-identified US consumers.

“The macroeconomic environment is more topical than ever as interest rates change and consumer sentiment cools,” said Michael Maloof, Vice President and Head of Marketing at Earnest Analytics. “The EASI gives investors and corporate managers a real-time look into shopper behavior, by location and income, weeks before traditional sources. It is an unprecedented view under the hood of the consumer economy.”

Earnest Analytics customers will also be able to drill down into the sectors driving changes in the EASI, as well as geographies, demographics, and credit vs debit sources. 

The new EASI is highly predictive of the US Census Bureau’s Monthly Retail Trade Survey. 

The new EASI is currently available via Earnest Analytics’s proprietary web-based analytics platform Earnest Dash (see September report here) as well as BigQuery, S3, and Snowflake.

For more information on Earnest Analytics or to schedule a demo, visit:
https://www.earnestanalytics.com/schedule-a-demo-form/

About Earnest Analytics
Founded in 2012, Earnest Analytics measures the consumer and healthcare economies with real-time data, providing actionable insights for institutional investors, companies, consultants, and government agencies. Our structured datasets provide clear, correlated signals, with tools for deep fundamental analytics on Consumer Spend, Retail Pricing, CPG, and Healthcare Claims. Earnest Analytics enables companies to deeply understand consumer habits and national health trends. For more information visit www.earnestanalytics.com.

For Press Inquiries Please Contact
Deanna Kim, Senior Marketing & Media Relations Associate
dkim@earnestanalytics.com

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SOURCE Earnest Analytics

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