TCS Launches SBU For Financial Services

Tata Consultancy Services has launched a new strategic business unit (SBU) called TCS Financial Solutions to consolidate and position its suite of financial products as a single, market-facing business unit.

TCS Financial Solutions will function as a ‘products company’ within the TCS family and will also leverage the development and system integration competencies of TCS for customer engagements.

TCS Financial Solutions will have a separate management team headed by NG Subramaniam as President.

According to NG Subramaniam, president, TCS Financial Solutions, “This is a strategic initiative from TCS that further demonstrates our commitment to this business and articulates the maturity achieved in the various facets of a product business like product management, support and professional services. We will continue to differentiate ourselves by bringing certainty of implementation leveraging our strong domain capabilities, thereby maximizing efficiencies and minimizing risks for each of our customers.”

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N Chandrasekaran, EVP and head, Global Sales and Operations, said, “Our business applications in the financial services domain continue to gain tremendous traction in the market and TCS Financial Solutions, backed by the Global Network Delivery Model of TCS, will drive this growth and leverage the immense opportunities that exist across markets around the world.”