Tata Consultancy Services expands Singapore ops
By Digital News Asia March 24, 2015
- New 1000-seat centre to deliver digital and IT services to leading global banks
- TCS’ global clients moving core elements of their operations to Singapore
MUMBAI-headquartered IT services, consulting and business solutions organisation Tata Consultancy Services (TCS) announced it has expanded its presence in Singapore with the opening of a new 1,000-person TCS Singapore Banking and Financial Services (BFS) Centre.
The facility will provide a range of applications development, digital and IT services to leading global banks in the Asia Pacific region, the company said in a statement.
TCS said its BFS business has grown substantially in Singapore. The new centre replaces a 500-seat centre opened in 2011, and will offer a broader range of services, with a major focus on digital offerings.
“TCS has a long history in Singapore, with operations spanning nearly 30 years,” said TCS Asia Pacific president Girish Ramachandran.
“During [this time] we have seen a growing shift of our global banking and financial services clients moving core elements of their operations to Singapore, in order to be closer to the fast emerging Asia region, and to leverage talent and government incentives that give them a global competitive edge.
“Singapore is our regional headquarters for Asia Pacific operations, and we are committed to expanding our presence in this market and to assist our global clients,” he added.
Globally, over 40% of TCS’ revenue comes from the BFS sector. It said it partners with the world’s major banks and financial institutions through TCS BFS services and TCS BaNCS software solutions.
In Asia Pacific, TCS has partnered with leading banks and financial institutes across the 12 countries it operates in.
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