Deutsche Bank ropes in TCS for IT solutions

TCS will deliver a global application service desk, ITIL (IT Infrastructure Library) services, besides other software solutions, to the bank at locations across seven countries.

New Delhi: IT firm Tata Consultancy Services (TCS) today said it has been roped in by Deutsche Bank to provide softwares solutions to the financial services firm's capital markets business unit.

TCS will deliver a global application service desk, ITIL (IT Infrastructure Library) services, besides other software solutions, to the bank at locations across seven countries- the US, UK, Germany, Hungary, Philippines, Singapore and India -the country's largest software exporter said in a statement.

Deutsche Bank ropes in TCS for IT solutions

TCS will partner with Deutsche Bank to migrate to an ITIL-aligned model. Reuters

TCS will partner with Deutsche Bank to migrate to an ITIL-aligned model, aimed at significantly improving service delivery through this framework of best practices that will help the company to be cost-efficient.

"Our extensive experience in IT transformation initiatives, industry-leading domain capabilities in financial services and long-term partnership approach allow us to offer superior value to Deutsche Bank as they look to leverage their strong market position," Tata Consultancy Services Banking Industry Solutions Unit Head Ramanamurthy Magapu said.

Shares of TCS were trading at Rs 1,020.20 on the BSE, down 0.87 percent from their previous close.

PTI

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