Tata Consultancy Services has bagged a multi-million dollar contract from Deutsche Bank, which has chosen the IT company as a strategic partner for its Production Management Transformation initiative within its Capital Markets Business Unit.
TCS would service its client's needs across seven countries, the company informed the stock exchanges today.
TCS said it would deliver a global application service desk, service operations and all other IT Infrastructure Library (ITIL) to the bank at locations in the US, UK, Germany, Hungary, the Philippines, Singapore and India and would partner with Deutsche Bank to transform to an ITIL-aligned model for improving service delivery. The team would leverage the concept of LEAN to eliminate non-value added activities and provide cost efficiencies to the bank, the TCS statement said.
The company added that it would be a five-year, multi-million dollar contract, without giving any other financial details.
Mr Ramanamurthy Magapu, Head, Banking Industry Solutions Unit, TCS, said the company was committed to the success of the transformation initiative and assured to bring the very best capabilities to this engagement.