Tata Consultancy Services (TCS) announced its tech deal with German commercial bank NORD/LB as a partner for its IT transformation.
TCS will work with the bank to transform its application estate across businesses — financial markets, wholesale and retail banking.
TCS, as part of the five-year partnership, will help the bank adopt newer technologies to automate manual processes in application management and enhance operational resilience.
“NORD/LB is transforming its business to adapt to the latest trends, and we decided it was time for us to look at the next step of technology transformation,” said Tobias Meiler, CIO, NORD/LB.
“After a thorough process, we selected TCS as the partner for this journey, as they demonstrated deep market and financial domain expertise, delivery capability augmented with strong German delivery, customer focus and strong transformation capabilities.”
“TCS is delighted to partner with NORD/LB, one of Germany’s largest commercial banks. We leverage our deep domain knowledge and technology expertise to transform their IT landscape and help accelerate their growth and transformation journey,” said Uma Rijhwani, Business Unit Head, Financial Services – Central Europe, TCS.
TCS partners over 100 leading German corporations, including 20 of the DAX40. In January 2021, TCS acquired Postbank Systems AG, an IT service provider, adding around 1,500 employees with banking expertise.