November 12, 2019
The expanded partnership will result in the digital transformation of Standard Life's pensions and savings operations onto the TCS BFSI Digital Platform
A skilled team from Standard Life and TCS will support the partnership and are expected to expand the overall scope by a further 4.2 million policies
The transformation is expected to be completed in three years, with some Standard Life employees transferring to TCS by the end of the period
TCS has joined several other companies such as Tech Mahindra, HCL, and Infosys to expand their operations overseas with their rising capabilities in new technologies
Tata Consultancy Services (TCS) recently announced an expansion of its long-term partnership with Phoenix Group, Europe’s largest life, and pensions consolidator. The move will see the Indian IT services major set up a technology and operations service hub in Edinburgh to strengthen its already significant Scottish presence.
The expanded partnership will result in the digital transformation of Standard Life’s pensions and savings operations onto the TCS BFSI Digital Platform, powered by TCS BaNCSTM. A skilled team of experts from Standard Life and TCS will support the partnership and deliver excellence in customer service. This is expected to expand the overall scope by a further 4.2 million policies.
Additionally, the hub will provide opportunities for Standard Life’s and TCS’ product experts to collaborate with end-users to envision new offerings. The transformation is expected to be completed in approximately three years, with several Standard Life employees transferring to TCS by the end of the period.
TCS has joined several other companies to expand their operations overseas with their rising capabilities in new technologies. For instance, Infosys opened its Digital Innovation Centre in Bucharest, Romania, hiring local talent and investing in advanced training in addition to announcing plans to set up a new design and innovation hub at Providence in the US state of Rhode Island.
Similarly, Tech Mahindra recently acquired BORN Group, a New York-based digital content and production agency, for US$95 million, hot on the heels of acquisitions with other foreign companies like Mad*Pow, Objectwise Consulting Group Inc, and Dynacommerce Holding BV.
In the same vein, HCL announced the launch of dual-location IoT innovation centres in Seattle and Noida, as well as a multi-year partnership with Cricket Australia, and the acquisition of Strong-Bridge Envision (SBE), a US-based digital transformation consulting firm.