TCS launches SBU for financial services products

New Delhi, May 28: Country's largest software exporter Tata Consultancy Services (TCS) today launched Strategic Business Unit (SBU), Financial Solutions to consolidate and position financial services products.

The unit will function as a 'products company' within the TCS group and will drive growth in the financial products business.

The SBU will also leverage the development and system integration competencies of TCS for customer engagements.

TCS Financial Solutions will have a separate management team headed by N G Subramaniam as President.

The SBU will have sales, support, product management offices based in New York, London and Zurich, Beijing, Sydney, Sao Paolo, Bangalore.

The products offerings from TCS Financial Solutions will be positioned under the brand name TCS BaNCS.

N Chandrasekaran, Executive Vice President and Head, Global Sales and Operations said, ''Our business applications in the financial services domain continue to gain tremendous traction in the market and TCS Financial Solutions, backed by the global network delivery model of TCS, will drive growth and leverage the immense opportunities that exist across markets around the world.''

UNI