Tata Consultancy Services (TCS), one of India’s leading IT companies has won a contract with Deutsche Bank’s capital markets business unit to provide software solutions to the global corporation.
The service provider will setup a service desk for application management and manage application services with ITIL framework.
TCS will cater to seven DB global locations – US, UK, Germany, Hungary, Philippines, Singapore and India.
TCS Banking Industry Solutions Unit Head Ramanamurthy Magapu said – “Our extensive experience in IT transformation initiatives, industry-leading domain capabilities in financial services and long-term partnership approach allow us to offer superior value to Deutsche Bank as they look to leverage their strong market position,” .
It is true that TCS is a giant in India and their capability over ITIL has provided a definitive edge over the others. Plus, the company knows how to get the job done cheap – by offering salaries below the industry average.
The cheap pricing and IT experience it possesses is a major factor in bagging a number of projects. Pricing is an area where foreign multi-national companies such as Accenture, IBM and HP lose out, albeit having better capabilities and bench strength to kick start the project within weeks.