Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global IT services, consulting, and business solutions leader, has secured a 5-year extension to its long-standing partnership with DNB Bank ASA, Norway’s premier financial services group. The renewed collaboration sets the stage for a continued focus on driving innovation in the banking sector.
Building upon a 12-year relationship, TCS will remain a strategic ally in DNB’s digital modernization efforts. The extended partnership aims to boost cost-effectiveness, support digital transformation, and harness next-generation technologies. TCS will focus on maintaining and developing new applications for DNB, enhancing security protocols, and exploring the potential of emerging technologies like artificial intelligence (AI) and quantum computing.
Over the past decade, TCS has played a key role in DNB’s innovative advancements, highlighted by the creation and launch of DNB’s popular peer-to-peer mobile payment platform. TCS’ contributions have solidified DNB’s leadership position in the competitive mobile payments landscape. Furthermore, TCS has delivered a diverse portfolio of digital solutions for DNB while ensuring secure and reliable operations. TCS has used its Machine First™ Delivery Model to automate DNB’s operations, enhancing operational resilience, employee and customer satisfaction, and improving productivity. TCS’ Sahyadri Park campus in Pune, India, will continue to provide critical services for DNB.
TCS is a major force in the Banking, Financial Services, and Insurance (BFSI) sector. With a presence in Norway for 30 years, TCS boasts a workforce of over 20,000 professionals supporting leading Nordic organizations. The company’s contributions have earned it recognition as a Top Employer by the Top Employers Institute.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
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Published on: February 28, 2025 at 9.05PM GMT.
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As stated in Bhagavad Gita : (Bhagavad Gita 2.48)
सुखदुःखे समे कृत्वा लाभालाभौ जयाजयौ।
Treating happiness and distress, gain and loss, and victory and defeat equally.
