Tata Consultancy Services Ltd.

IT services giant TCS has entered into an agreement with Private sector lender Lakshmi Vilas Bank for managing its back office operations and document management systems.

The agreement will assist the bank in providing a single platform that can be used for centralising all the processes like account opening, Know-Your-Customer (KYC) compliance, loans and advances, trade finance and ATM card management.

Centralisation will be done in two phases and the first one will entail savings and current accounts opening, centralisation of account opening under financial inclusion while trade finance, opening demat accounts and 3-in-1 accounts will be carried out in the second phase.

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.