Tata Consultancy Services Partners with Deutsche Bank for IT Solutions
Tata Consultancy Services (TCS) has been selected by Deutsche Bank to provide software solutions to its capital markets business unit. The collaboration will see TCS delivering a global application service desk, ITIL (IT Infrastructure Library) services, and other software solutions to the bank across seven countries, including the US, UK, Germany, Hungary, Philippines, Singapore, and India. This partnership aims to help Deutsche Bank migrate to an ITIL-aligned model, focusing on improving service delivery and cost efficiency.
Key Takeaways:
- TCS will provide a global application service desk, ITIL services, and other software solutions to Deutsche Bank's capital markets business unit across seven countries.
- The partnership aims to help Deutsche Bank migrate to an ITIL-aligned model, focusing on improving service delivery and cost efficiency.
- TCS will partner with Deutsche Bank to leverage its industry-leading domain capabilities in financial services and long-term partnership approach.
- Ramanamurthy Magapu, Tata Consultancy Services Banking Industry Solutions Unit Head, highlighted the benefits of the partnership, stating that TCS' experience in IT transformation initiatives and industry leadership in financial services will offer superior value to Deutsche Bank.
- The collaboration will support Deutsche Bank's strong market position by improving service delivery and reducing costs.
Statistics:
- TCS will provide services to Deutsche Bank across seven countries: the US, UK, Germany, Hungary, Philippines, Singapore, and India.
- Deutsche Bank's capital markets business unit will benefit from TCS' global application service desk, ITIL services, and other software solutions.
- Shares of TCS were trading at Rs 1,020.20 on the BSE, down 0.87 percent from their previous close.
Sources:
- Tata Consultancy Services (TCS)
- Deutsche Bank
- Hindustan Times (News Article)