Latest Tata Consultancy Services News: Finextra Research

International vendors on alert as US banks rethink core platform strategies

Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.

18 December 2014

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Deutsche Bank GTB selects TCS platform

Deutsche Bank is rolling out core technology from Tata Consultancy Services (TCS) across its Global Transaction Banking (GTB) business.

14 December 2010

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ABN Amro to renew $1bn IBM, TCS and Infosys outsourcing deals - report

ABN Amro is preparing to renew IT outsourcing contracts worth around $1 billion with IBM, Tata Consultancy Services (TCS) and Infosys Technologies, according to India's Economic Times.

07 September 2010

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TCS grows UK life and pensions BPO business with Usil acquisition

Diligenta, a unit of Indian outsourcer Tata Consultancy Services, has acquired the business of Unisys Insurance Service Limited (Usil), bagging £250 million in mandates from The Phoenix group and Old Mutual International in the process.

02 September 2010

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TCS Q1 profit soars as demand from banks picks up

Increased demand from financial services firms has led to better than expected first quarter earnings for Indian IT firm Tata Consultancy Services (TCS).

20 July 2009

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Citi in talks to sell IT assets - Economic Times

Citibank is currently in discussions with Indian IT firms Tata Consultancy Services (TCS) and Wipro, among others, to sell some of its internal IT platforms, according to local press reports.

23 June 2009

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Big likely to get bigger in consolidating core banking market

Oracle and Temenos are set to continue their dominance of the core banking technology market as smaller rivals fall by the wayside and banks take a cautious approach to vendor selection in a consolidating market, according to a new study by Forrester Consulting.

27 May 2009

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TCS to buy Citi Indian BPO unit for $505m

Tata Consultancy Services (TCS) has confirmed that it will acquire Citi's captive Indian back office division for a cash consideration of $505 million.

08 October 2008

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Crunch to hit Indian BPO industry but opportunities await

India's BPO firms will be hit by the current global economic turmoil over the next few months but could be well placed to take advantage of the crisis in the longer term, says the National Association of Software and Service Companies (Nasscom).

30 September 2008

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Tata leads race to buy Citi BPO - Economic Times

Tata Consultancy looks set to edge out IBM in the bidding for Citi's captive Indian back office unit, according to the Economic Times.

19 August 2008

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Link Up Markets contracts with Clearstream for IT build

European depository Clearstream is to work with Tata Consultancy Services to develop and operate the IT infrastructure for Link Up Markets, the settlement services joint venture company set up by seven European CSDs.

15 July 2008

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