Top Searches
Advertisement

LTIMindtree Pulls the Plug on Syncordis UK—Is a Leaner Banking Practice Emerging?


Updated: July 16, 2025 19:14

Image Source : India Infoline
LTIMindtree Ltd has announced the closure of Syncordis Limited (UK), a subsidiary focused on core banking implementation services. The move follows a broader integration strategy aimed at consolidating operations under its Banking Transformation Practice (BTP), which now combines Syncordis and Nielsen+Partner capabilities.
 
Key Highlights:
  • Syncordis UK, incorporated in 2016, was placed under liquidation as per UK Companies House records
  • The closure is part of LTIMindtree’s effort to streamline its European banking tech footprint
  • Syncordis’ core expertise in Temenos Digital Suites will continue under the unified BTP structure
Strategic Context:
  • LTIMindtree acquired Syncordis S.A. in 2017 to strengthen its position in core banking modernization across Europe
  • The integration of subsidiaries is expected to enhance delivery scale, reduce redundancies, and improve client servicing
  • The company remains committed to the banking sector, with expanded offerings across consulting, digital, and IT services
Market Implications:
  • Analysts view the move as a rational step toward operational efficiency and brand consolidation
  • Clients and partners are expected to benefit from a more cohesive service model under LTIMindtree’s BTP
Sources: Trade Brains, GOV.UK Companies House, LTIMindtree Press Releases, MoneyWorks4Me.

Advertisement

STORIES YOU MAY LIKE

Advertisement

Advertisement

Top Stories
Image Source: MediaBrief
Image Source: Talk Staff
Image Source: Press Trust Of India
Key Highlights Kanpur district has kicked off Groundwater Awareness Week, which will last from July 16 through 22, as a collective effort to bring citizens, institutions, and government agencies together for improved water management. The initiative is an immediate response to local apprehensions of dwindling aquifers in the region and seeks to educate, motivate, and involve the community through practical conservation measures and awareness drives. Community-Based Engagement and Educational Activities District Magistrate Jitendra Pratap Singh pointed out that all the government departments, local educational institutions, colleges, and schools are involved in the observance. Various activities—workshops, seminars, quiz competitions, and field visits—are being organized to enhance public awareness about groundwater's vital role in daily life. The event's core message, "If water is safe then tomorrow is safe," resonates through school curricula and public exhibitions, with rainwater harvesting, recharge pits, rejuvenation of traditional ponds, and drip/sprinkler irrigation showcased as achievable solutions. Groundwater Conservation Successes and Solutions Kanpur's recent prosperity has its roots in a state-level commitment: over the past seven years, 34 development blocks in Uttar Pradesh have overcome long-standing water scarcity through composite interventions. Some of the key strategies include construction and rejuvenation of ponds for recharging aquifers, constructing check dams, and promoting water-conserving agriculture practices such as drip and sprinkler irrigation. Successful enforcement of the Uttar Pradesh Groundwater (Management and Regulation) Act 2019 has facilitated stricter regulation, monitoring, and sustainable extraction, with every district constituting a special Groundwater Management Council. Success stories like the Noon River revival—the revival of a historically significant 48-km river in Kanpur through a mix of community initiative, satellite mapping, afforestation, and pollution control—underscore the transforming potential of collaborative citizen and government effort. Jal Shakti Abhiyan and Statewide Momentum The Jal Shakti Abhiyan-VI, which was started in March 2025, also continues to complement these initiatives by focusing on people's involvement in water conservation, water body rejuvenation, and rainwater harvesting initiatives. Through years of collaborative efforts, Kanpur endeavors to stimulate behavior change at the grassroots level, guarantee future water security, and serve as a role model for other districts facing similar challenges. Sources: Times of India, Instagram, CGWB
Image Source: Economic Times
Advertisement
Advertisement