Tata Consultancy Services (TCS) has announced that TCS BaNCS has signed an agreement with Savvis that will allow the TCS BaNCS suite of products to be offered on a cloud-enabled hosted environment in North America. As part of this agreement, the TCS BaNCS platform will be hosted on Savvis’ enterprise-class infrastructure.
N. Ganapathy Subramaniam, President, TCS Financial Solutions, said, “We are seeing a clear trend and greater interest in financial institutions seeking managed service offerings. In that context, our partnership with Savvis and the cloud-enabled TCS BaNCS is a compelling offering for banks, brokerages and insurance companies, who can free themselves from the IT infrastructure and application management complexities, tap into our Software-as-a-Service (SaaS) model and gain greater operating efficiencies.”
Varghese Thomas, Global Head, Financial Services, Savvis said, “We strongly believe that the combination of TCS BaNCS services hosted on Savvis’ market-leading IT infrastructure will provide compelling and cost-effective solutions for financial services firms “Clients will also benefit from our mutually rich experience in supporting the financial markets and providing access to an extensive ecosystem of market participants already resident in Savvis’ data centers across the globe.”
