LSEG to support digital transformation strategy of IndusInd Bank

London Stock Exchange Group (LSEG) today announced a long-term agreement with IndusInd Bank, one of India’s largest private sector banks, to support the bank’s digital transformation strategy.

As part of the agreement, IndusInd Bank will gain extensive access to LSEG’s comprehensive data offerings and workflow solutions. This will enable financial professionals at the Bank to collaborate effectively and provide actionable insights utilising LSEG’s real-time news, data, and robust analytics.

Moreover, the integration of LSEG’s Electronic Trading solutions will digitise the trading workflow, providing scalability, flexibility, and seamless integration capabilities; enhancing operational efficiency and streamlining the trading process.

Ranjit Pawar, Managing Director, Data & Analytics at LSEG South Asia, said:

“The Indian market is increasingly adapting to the efficiencies of electronic trading, aiding expansion in outreach and enabling automation. We are pleased to be working with IndusInd Bank as they streamline their business operations, enhancing their user experience with dynamic offerings and capabilities, that will empower employees in this rapidly evolving landscape.”

Siddharth Banerjee, Head – Global Markets Group and Financial Institutions Group, IndusInd Bank, said:

“The selection of LSEG as our data partner, marks a significant step towards achieving the bank’s new digital transformation goals. This arrangement signifies the bank’s effort to leverage technology and data-driven solutions to enhance the banking experience for customers. At IndusInd Bank, customer experience is at the centre of every innovation, and this collaboration reinforces our commitment to delivering exceptional services to our valued customers. Our unwavering focus on customer-centricity, combined with LSEG’s content and capabilities, will enable us to offer innovative solutions that address the evolving needs of our customers.”

Through Electronic Trading, hundreds of financial institutions across 80 countries globally are already benefiting from a next-generation e-commerce trading platform. Accessible via FXT, the single source of access to preferred FX trading venues, Electronic Trading offers a powerful suite of e-commerce products to shape, configure and automate FX prices to customers while streamlining risk management.