Tata Consultancy Services: TCS to Help Financial Services Companies Accelerate Growth and Transformation with Microsoft Cloud for Financial Services Solutions

Tata Consultancy Services’ rich portfolio of solutions and services on the Microsoft Cloud for Financial Services will help clients accelerate innovation, reinvent customer experiences and drive growth

NEW YORK | Mumbai, April 20, 2021: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), the world’s largest provider of IT services to the banking, financial services and insurance (BFSI) industry, has announced that it is now a Microsoft Cloud Partner for financial services.

TCS will combine its deep industry knowledge and experience as a leading transformation partner for BFSI clients, with its Microsoft Cloud solutions for financial services and its vast talent pool of Microsoft Certified Consultants to enable clients to ‘innovate and reinvent their activities to respond to changes. market, customer and regulatory needs.

TCS’ multi-horizon cloud transformation roadmap starts with helping customers create a new cloud-based, future-ready digital core that improves agility and resilience. Subsequently, the company helps them leverage cloud-native capabilities around AI, IoT, and other technologies to launch innovative new products and services, create new revenue streams, adopt new business models, create differentiated customer experiences and drive growth.

Customers can significantly scale up and accelerate their innovation initiatives by partnering with TCS and leveraging its co-innovation ecosystem of start-ups and universities. To facilitate ideation, rapid prototyping and agile development of innovative ideas, TCS has invested in a network of co-innovation hubs called TCS Pace Ports™spread across Tokyo, Amsterdam, New York, Pittsburgh and Toronto.

Additionally, TCS will make its extensive portfolio of cloud-based solutions and accelerators available on Microsoft Azure to help customers accelerate time to market and achieve superior business results. These include TCS BaNCS™ (SaaS) cloud business solutions for financial services, which are listed on Azure Marketplace, TCS Digital Mortgage Solutions, TCS Environmental, Social, and Governance Insights and TCS Customer Knowledge Platform.

Microsoft Cloud for Financial Services integrates Microsoft Azure with Microsoft 365, Microsoft Dynamics 365, and Microsoft Power Platform, backed by an industry data model, with new features unique to the financial services industry.

“Today, a growing number of BFSI companies are harnessing the power of the cloud to future-proof their businesses, achieve operational excellence and agility to create unparalleled experiences,” mentioned K Krithivasan, Head of Group of Companies, Banking, Financial Services and Insurance, TCS. “We are confident that this expanded partnership will help our BFSI customers accelerate their transformation agenda with Microsoft Cloud for Financial Services and enable them to achieve greater resilience, adaptability and targeted growth.

Strategic partners like TCS are instrumental in scaling Microsoft Cloud for Financial Services, delivering solutions that help customers achieve business transformation,” mentioned Bill Borden, Corporate Vice President, Global Financial Services, Microsoft. “We look forward to continuing our collaboration with TCS to deliver cutting-edge financial services solutions that enable new business models, create new revenue streams and support differentiated customer experiences..”

This news follows TCS’ recent announcement that it is a Microsoft Cloud Partner for Retailproviding smart retail solutions to its customers.

The Microsoft business unit of TCS works with customers around the world to accelerate their multi-horizon cloud transformation journeys. The company’s large and growing group of functional and technical consultants have led some of the largest IT transformation programs and launched technology initiatives for more than 100 financial services industry clients. TCS is a Microsoft Gold Partner and recently won Microsoft Partner of the Year Awards 2021 for Azure Intelligent Cloud in France and Dynamics 365 Field Service in the United States. He was also named Microsoft Azure Expert Managed Service Partner for his expertise in delivering the highest quality of service on Azure.


About Tata Consultancy Services (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has partnered with many of the world’s leading companies on their transformation journeys for over 50 years. TCS offers an integrated portfolio of consulting-focused business, technology and engineering services and solutions powered by cognitive technology. This is made possible through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

Part of the Tata Group, India’s largest multinational business group, TCS has over 556,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US$22.2 billion in the fiscal year ended March 31, 2021 and is listed on BSE (formerly Bombay Stock Exchange) and NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and its award-winning work with communities around the world have earned it a place in major sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com