LTIMindtree Forms Banking Transformation Practice Through Syncordis and Nielsen+Partner Integration

Mumbai, India, Jan 04, 2024: LTIMindtree, a global technology consulting and digital solutions company, has announced a significant move in the realm of banking and capital markets by integrating its subsidiaries, Syncordis and Nielsen+Partner, to form a dedicated Banking Transformation Practice (BTP). This strategic alignment positions LTIMindtree to provide comprehensive end-to-end consulting, digital, and IT services, leveraging commercial off-the-shelf (COTS) products and platforms to cater specifically to the needs of banks and capital market firms.

The consolidation comes as a result of LTIMindtree’s acquisitions of Syncordis in December 2017 and Nielsen+Partner in January 2019. By merging the capabilities of these successful entities, LTIMindtree aims to offer a unified approach to banking transformation with a focus on delivering industry-leading growth.

Nachiket Deshpande, Whole-Time Director and Chief Operating Officer at LTIMindtree, shared insights into the vision behind the newly formed Banking Transformation Practice. He stated, “We envision the newly formed Banking Transformation Practice to deeply serve our global clients, empower strategic partnerships, and deliver productized services. We are confident that by enabling end-to-end transformation for our clients, BTP will help LTIMindtree deliver industry-leading growth.”

Guillaume Desjonqueres, Chief Executive Officer of Syncordis, expressed excitement about the integration, emphasizing the potential for LTIMindtree BTP to champion comprehensive and nimble transformations. He 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. We are excited about this integration, the potential of deeply serving our global clients, and success it brings for all of us.”

The Banking Transformation Practice is set to provide customers with enriched product and platform capabilities, a broader spectrum of end-to-end offerings spanning from core to consumer, strengthened by deep industry partnerships and a highly skilled talent pool. LTIMindtree, a technology consulting and digital solutions giant, caters to enterprises worldwide, enabling them to reimagine business models, accelerate innovation, and achieve maximum growth through digital technologies.

With a global presence and more than 700 clients, LTIMindtree boasts domain and technology expertise, fostering superior competitive differentiation, enhanced customer experiences, and impactful business outcomes. Combining the strengths of erstwhile Larsen and Toubro Infotech and Mindtree, LTIMindtree, a Larsen & Toubro Group company, stands as a digital transformation partner with over 83,000 professionals across 30 countries.

The integration of Syncordis and Nielsen+Partner into LTIMindtree’s Banking Transformation Practice signifies a strategic move towards providing tailored solutions for the evolving needs of the banking and capital market sectors, solidifying LTIMindtree’s position in the dynamic landscape of digital transformation.