IBM has recently signed a deal reportedly worth around $100 million with microfinance company Janalakshmi Financial Services Pvt. Ltd.

Although specific details have not been announced, IBM will manage back-office operations such as application development and maintenance and infrastructure management services. IBM will also be building a technology platform and provide mobile, cloud computing and analytics services for Janalakshmi, plus will be responsible for digitalising and automating their operations and processes.

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