Infosys has announced the expansion of its strategic collaboration with DNB Bank ASA to modernize the bank's Financial Crime (FinCrime) operations using the NICE Actimize X-Sight Enterprise platform. This engagement aims to transform fragmented, legacy systems into a unified, intelligence-driven, cloud-native platform to enhance risk insights and strengthen multi-jurisdictional regulatory compliance.

Partnership Overview

As the systems integration partner, Infosys will lead the end-to-end modernization of DNB's FinCrime technology landscape. The scope includes enterprise architecture design, platform integration, and data migration. Key functions such as customer and payment screening, customer due diligence, and transaction and fraud monitoring will be consolidated onto a single, scalable SaaS platform.

Strategic Implementation

Infosys will implement the NICE Actimize X-Sight platform to support seamless data integration, advanced analytics, and intelligent automation. The integration of anti-money laundering and fraud solutions is designed to provide a holistic view of customer risk visibility. By leveraging AI-driven capabilities, the collaboration seeks to enable advanced automation, improve detection accuracy, and accelerate investigations with actionable insights.

Executive Commentary

Elin Sandnes, COO and Group Executive Vice President Technology & Services at DNB, emphasized that the collaboration enhances the bank's ability to detect and prevent complex financial crime while supporting digital transformation objectives. Craig Costigan, Chief Executive Officer of NICE Actimize, highlighted that the platform's AI-driven capabilities will help protect DNB from growing fraud and reduce costs. Dennis Gada, Executive Vice President and Global Head of Banking & Financial Services at Infosys, noted that the shift to a unified, intelligence-led operating model allows the bank to detect earlier and respond with greater consistency across jurisdictions.

Infosys Limited has fixed June 10, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹25 per equity share for the financial year ended March 31, 2026. The Board of Directors recommended this payout at its meeting held on April 23, 2026. The dividend is subject to approval by shareholders at the 45th Annual General Meeting (AGM), which will be held via video conference on June 23, 2026, at 4:00 p.m. IST. Once approved, the payment will be disbursed on June 25, 2026.

Key Dates and AGM Details

The company will conduct its 45th AGM through video conference and other audio-visual means in compliance with Ministry of Corporate Affairs General Circular No. 3/2025 and relevant Securities and Exchange Board of India (SEBI) circulars. The Integrated Annual Report for the Financial Year 2025-26 and the AGM notice have been dispatched electronically to shareholders with registered email addresses. Physical copies will not be sent unless specifically requested; instead, a weblink to access the report was provided to those without registered emails on May 30, 2026.

E-Voting Schedule

Shareholders holding shares in physical or dematerialized mode as on the cut-off date of June 16, 2026, are eligible to vote. Remote e-voting commences on June 18, 2026, at 9:00 a.m. IST and concludes on June 22, 2026, at 5:00 p.m. IST. Shareholders who have not cast their vote remotely may vote during the AGM through the e-voting system. Those who vote remotely cannot vote again at the meeting.

Tax Deduction at Source

Dividends declared are taxable in the hands of shareholders under the Income-tax Act, 2025. Consequently, the company will deduct tax at source (TDS) at the time of payment. The applicable TDS rates vary based on the shareholder's residency status and documentation provided.

Resident Shareholders

For resident shareholders, TDS will be deducted under Section 393 of the IT Act 2025 as follows:

Note: If PAN is not linked with Aadhaar, it will be deemed invalid, and TDS will be deducted at 20%.

No tax will be deducted if the total dividend received during the tax year 2026-27 does not exceed ₹10,000, or if the shareholder submits Form 121 or other prescribed documents to claim lower or nil withholding.

Non-Resident Shareholders

For non-resident shareholders, the withholding tax rate is generally 20% plus applicable surcharge and cess. However, shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) read with the Multilateral Instrument (MLI), if more beneficial. To claim treaty benefits, non-residents must submit documents such as a Tax Residency Certificate for tax year 2026-27, Form 41, and self-declarations regarding permanent establishment and beneficial ownership.

Document Submission Deadline

Shareholders must upload all necessary tax documents to the shareholder portal by June 11, 2026, to ensure the correct TDS rate is applied. No communications regarding tax withholding will be accepted after this date. Shareholders can verify their tax credit in Form 168 (erstwhile Form 26AS) via the income tax e-filing portal.