TCS and State Bank of India share insights in North America’s largest banking expo – BAI Retail Delivery Show (RDS)
Mumbai, October 21, 2010: TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS) (BSE: TCS.BO, NSE: TCS.NS), dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced that State Bank of India (SBI), their leading BaNCS customer was showcased at the BAI Retail Delivery Show at Las Vegas in October 2010. TCS and SBI were invited by BAI to participate in a panel discussion at this annual banking conference, a flagship event for North America’s retail banking industry.
The panel discussion at Mandalay Bay on October 19 was moderated by Robert Hunt, Senior Research Director at TowerGroup. A Krishna Kumar, Dy Managing Director, IT spoke on behalf of SBI and James Buckley, from TCS Financial Solutions spoke about their role and the lessons learned from the world’s largest core banking implementation ever undertaken and accomplished.
“We are pleased to share our experiences and learnings with the industry colleagues globally because the set of challenges we faced were quite complex and unprecedented, which make the SBI story an exciting narrative” said A Krishna Kumar, State Bank of India. According to Hunt, “Many large banks believe that core modernization projects are too difficult for them to undertake. SBI’s accomplishments should convince these banks that well managed core modernization efforts will be successful.”
NG Subramaniam, President, TCS Financial Solutions said “Our promise of Experience Certainty stems from a track record of having clients like SBI undertake massive transformation projects. We are glad to offer our learnings from a technology perspective at BAI RDS, which promises to be an exciting rendezvous.”
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. Our mission is to provide best-of-breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed-to-market for our clients. With a global customer base of more than 240 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 300,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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