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World leading ICT consultancy banks on Australian software expertise

According to Austrade, high technology adoption rates, local IT flair and a reputation for being a great incubator for fresh ideas are some of the factors that attracted Tata Consultancy Services (TCS) to invest in Australia’s IT sector. Over the past two years, Austrade officials have generated top-level contacts between TCS and Australian institutions.

TCS began its operations in 1998 in Australia, starting from Sydney. Today it has regional offices across the country with a strong work force skilled across a range of IT-related infrastructure, business process and engineering projects. TCS’ growing clientele are a number of Australia’s biggest companies, including Qantas, Telstra, Woolworths, Commonwealth Bank, Westpac, and AGL.

According to the article, one of the key to TCS’ success is the ability to keep developing new software for its target industries, which includes banking and finance. ‘When you consider the impact of digital, mobility and social technologies, and changing delivery models – such as the cloud – they all impact our clients. We need to ensure we’re competitively ahead,’ said Deborah Hadwen, CEO, TCS – Australia and New Zealand.

TCS’ acquisition of a Sydney based core banking solution vendor in 2005 assisted to create TCS’ flagship global banking product, TCS BαNCS. TCS has initiated a ‘model bank’ concept in Australia which will be a cloud-based software-as-a-service suite of technologies to create a market-ready banking IT system.

Besides doing good business, TCS has been actively investing in social responsibility projects in the country. In 2015 TCS announced it would provide in-kind TCS services valued collectively at over A$1 million to six Australian not-for-profit organizations.

‘We believe technology has the power to transform our world, and by empowering organizations that make a difference for the environment and those in need we have the opportunity to strengthen and further support the communities in which TCS operates,’ said Deborah.

To read the complete article, click here.