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TATA CONSULTANCY SERVICES: HELPING COMPANIES EXPERIENCE CERTAINTY IN A DIFFICULT BANKING AND FINANCIAL LANDSCAPE

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Company Name: Tata Consultancy Services

URL: http://www.tcs.com/industries/banking/Pages/default.aspx

Nature of Business: Global IT Services, Consulting and Business Solutions provider.

TATA TCS

TATA TCS

Markets and Branches: North America, UK, Continental Europe, Asia-Pacific, Latin America, Middle East & Africa.

Contact Information: Please visit the Contact Us section of our website to find the appropriate contact information for your region.

Key Executives: N Chandrasekaran, CEO & MD; N Ganapathy Subramaniam, President, TCS Financial Solutions

Corporate Overview: Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global businesses. TCS offers a consulting-led integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™. Established in 1968, TCS is now recognized as one of the top 10 technology firms in the world with 137 offices in 42 countries. TCS has clients in 90+ countries, 7 of which are Fortune Top 10 and 49 of which are Fortune Top 100.

Banking and Financial Services is a large part of TCS’ client base, with over four decades of experience handling IT requirements in this sector. TCS has extensive experience working with many of the top global banks in retail banking, commercial banking, mortgages, lending and risk management. TCS has over 250 active clients including 12 of the top 20 global banks with strategic relationships marked over four decades.

With its broad domain experience and in depth technical expertise, TCS works on transformational engagements with banks across the globe, helping to simplifying their IT systems, improve cost to income ratios, deliver real time application processing and help bring new products to market faster.

tcs tata

tcs tata

Key Products and Services:

TCS BαNCS
TCS has product based solutions to address the entire range of financial services. The product offerings from TCS are owned, managed and grown by the TCS Financial Solutions (TCS FS) strategic business unit and they are positioned under an umbrella brand called TCS BαNCS. TCS BαNCS enables transformation in financial services through its holistic suite of solutions. A market-ready universal financial platform, each solution in the suite runs as a scalable, robust component, fully integrated with existing business models, enterprise and technology infrastructures. TCS BαNCS platform encompasses an array of pre-configured, customizable banking, capital markets and insurance products. TCS BaNCS was positioned as a Leader in the Forrester Wave Global Banking Platforms, Q4 2012.

TCS BαNCS is separated into 11 sub products to cover the full range of banking and financial service needs: TCS BαNCS Core Banking, TCS BαNCS Payments, TCS BαNCS Compliance, TCS BαNCS Treasury, TCS BαNCS Securities Trading, TCS BαNCS Securities Processing, TCS BαNCS Lending and Borrowing, TCS BαNCS Corporate Actions, TCS BαNCS Market Infrastructure, TCS BαNCS Wealth Management, TCS BαNCS Private Banking.

TCS BaNCS also scored the #1 position for Advanced Technology and the #3 position for Functional Breadth in “Core Banking Solutions for Mid-size Banks – A Global Perspective”, a 2012 report by Celent.

Capital Markets
TCS’ Capital Markets solutions supports 50+ markets across the globe covering the complete life cycle of securities processing with broad coverage of asset classes. TCS serves eight of the top 10 investment banks and two of the top three global custodians. The Capital Market practice supports multiple Centers of Excellence cutting across domain, technology and products that help track industry trends, develop competencies and solution frameworks. Centers of Excellence include Wealth Management, Asset Management, Investment Banking, Custodian, Market Infrastructure, Technology and 3rd Party Products. As well as the Centers of Excellence, TCS has a well-established domain training academy to build competencies across Capital Markets. It also supports a Capital Market focused innovation lab focused on applying emerging technology solutions such as mobility, big data, social media and fraud surveillance within the capital markets.

Retail Banking
TCS provides a wide range of retail banking services to some of the world’s largest banks, including account maintenance, funds transfer, time deposits, fraud management and investments/brokerage. TCS also offers account fulfillment embossing, card dispatch, ATM reconnaissance, collections, overdraft and advance management, helpdesk services and service management.

As a market leader in managed services application outsourcing for legacy DDA (Demand Deposit Accounts), account opening and customer information platforms, TCS has extensive experience of working in mission-critical production support, application development and systems integration. The TCS retail banking practice leadership and SME teams are aligned around specific areas – such as mortgages, payments, core processing, cards, and risk management – and focus on developing TCS assets and competencies in these domains, ensuring a high level of industry and technical expertise.

TCS was named a Leader in Gartner’s 2012 Magic Quadrant for International Retail Core Banking.

Corporate Banking
With banks under growing pressure to deliver increasingly sophisticated services to meet corporate client expectations, there is a high demand for comprehensive corporate product and account management. TCS provides comprehensive strategies and solutions that provide banks with a unified multi-channel view of their corporate customers alongside efficient, intelligent automation of processes to increase profitability and improve customer satisfaction.

Major Projects: TCS has recently been working with top global banks across the world on a wide range of technology and business processing projects including: multi-channel integration, enterprise mobility, payment solutions, lending, regulation and risk management, Basel implementation, platform modernization and big data.

Case Studies: TCS works with more than 250 clients within the banking and finance sector worldwide, including 12 of the top 20 global banks. For specific examples of TCS’ work in this sector, please visit the case studies section of our website.

CSR Activities:  In line with our strategic objective to be a responsible corporate citizen, our constant endeavor is to reduce the impact from our operations on the environment. The guiding principle of TCS’ CSR programs is “Impact through Empowerment.” TCS has a diverse range of global CSR initiatives in the areas of education, health and environment: through volunteering, funding and pro bono leveraging of our IT capabilities.

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Leumi UK appoints Guy Brocklehurst to property finance team as Relationship Manager 

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Leumi UK appoints Guy Brocklehurst to property finance team as Relationship Manager  1

Multi-specialist bank announces the appointment of Guy Brocklehurst to its property finance team

Guy Brocklehurst has joined London-based Leumi UK as a Relationship Manager in its growing Property Finance team.

Guy Brocklehurst

Guy Brocklehurst

With a wealth of experience in both healthcare and student accommodation financing, Guy will spearhead Leumi UK’s continued growth in these highly active sectors, contributing to the bank’s ambitious 2021 growth plans. Guy will report to Alasdair Houghton, Head of Property Finance.

Guy has spent the past 16 years in front-line banking roles across Bank of Scotland and Santander, where he held senior positions in Healthcare Finance with responsibility for origination and key relationships. Most recently, Guy was a Debt and Business Adviser with ADVSME Limited.

Commenting on the appointment, Alasdair Houghton, Head of Property Finance, says: “Guy is a proven property finance specialist – particularly in the healthcare and student accommodation sectors – and I’m delighted to bring him on board. I’m confident that his expertise and personal motivation will be a tremendous asset to the team as we ramp up our efforts in both of these areas and grow our portfolio as a whole. Guy will be well-placed to guarantee both speed and reliability to our customers, an approach that sits at the core of the bank’s long-lasting partnerships.”

Guy adds: “I am thrilled to be joining Leumi UK’s well-respected property finance team at such an exciting time. I very much look forward to leveraging my sector experience and supporting the bank’s expansion of its portfolio in 2021, while maintaining a reputation for lasting, productive relationships.”

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Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans  

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Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans   2
  • Six in 10 (61%) of 16-25s agree learning ‘on-the-job’ is the best way to get on the jobs ladder in the current environment
  • 59% would rather study a degree subject connected to a profession than one they are good at
  • 59% believe tech sector offers strong career opportunities and is voted most futureproof sector by 16-25s following the pandemic
  • QuickBooks launches free online programming course with Amigoscode to help young people kickstart their tech career

Nearly two thirds (63%) of 16-25s have seen their future educational plans impacted by the pandemic, new research from Intuit QuickBooks1 – the financial software provider – reveals, with the uncertainty caused by COVID-19 driving young people to look for faster and more secure ways to get jobs.

And with more than half a million young people now unemployed – a rise of 35,000 from the previous quarter2 – six in ten (61%) 16-25s agree that learning ‘on-the-job’ is the best way of getting on the careers ladder in the current environment.

With COVID-19 highlighting the importance of more ‘futureproof’ career options, the technology sector has been identified by 16-25s as offering particularly strong career opportunities (59%).

To help young people kickstart their tech career, QuickBooks – home to top UK tech talent – has launched a free online programming course with Amigoscode.

Careers-focused learning takes priority 

If they were to attend university or study for a degree, 59% of 16-25s would rather study a subject connected to a profession than one they’re good at, while nearly a third (31%) would only consider studying for a degree that would help them get a job in a sector that is likely to grow in future.

However, almost half (45%) of 16-25s are now reconsidering attending university at all. A quarter (26%) believe it is now more important to get on the job ladder than get a degree, while 19% don’t want to go to university because they are worried about their safety.

As remote learning becomes the new norm, more than a quarter (28%) of 16-25s now plan to carry out an online university degree (such as those offered by the Open University) instead of physically going to university.

Technology sector is voted most futureproof 

The research reveals 16-25s believe the technology sector is the most futureproof (40%), ranking significantly higher above the second most popular option (construction – 27%).

Almost a fifth (19%) of the 16-25s surveyed already have a career in the technology sector, while 34% are considering it – rising to 38% of those aged 16-19.

Of those who are interested in the sector but are not currently considering it, the biggest barrier is simply not knowing how to get a job in this area (32%), closely followed by having never received any information about the sector from careers advisors etc. (30%). A quarter (25%) don’t think they could afford to undertake the necessary training or qualifications to get a job in the sector.

Ben Brown, Head of Engineering at Intuit QuickBooks, comments: 

“With COVID-19 causing economic uncertainty and driving unemployment levels, young people are increasingly looking for ways to fast-track onto the careers ladder. And getting straight into the tech sector, which has proven to be resilient in the face of the pandemic, is particularly appealing. Technology, after all, is the fuel that has allowed many other sectors to continue operating.

“On-the-job learning is common in the tech sector, but to be a successful candidate, applicants need to demonstrate genuine interest and enthusiasm by having carried out their own independent learning. Employers can enable this by creating opportunities for young people to take part in free training courses and taster sessions, which helps them to gain valuable skills and decide if the sector is for them.

“QuickBooks engineers frequently host and coach participants through Code First Girls sessions – which are aimed at women looking to learn more about programming – and we are thrilled to be partnering with Amigoscode to offer a free programming course.”

Nelson Djalo, Founder of free coding resource Amigoscode and Software Engineer, comments:

“The perception of not having enough knowledge is the main barrier to young people getting into the technology sector. Skills can be built over time – passion, drive and a willingness to learn are the most important qualities to have. People from lots of different backgrounds and interests can get into the sector, and there are a whole host of roles aside from programming and software engineering.

“I offer programming courses and coding tutorials because I believe the sector should be accessible to anyone. I’m pleased to be partnering with QuickBooks to offer a tailormade course for anyone who is interested in getting into the industry and wants to learn more about programming.”

The Amigoscode x QuickBooks course is available here as a video, and here as a playlist. The 2.5 hour course and video playlist covers the basics of programming; the basics of Python and a project task (building a CV). Participants will also build a portfolio which could be the starting point of their tech journey/career.

Watch Nelson’s other tutorials on the Amigoscode YouTube channel here.

Case studies of young QuickBooks software engineers are available on request. 

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Five things to consider when organising a remote work Christmas party

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Five things to consider when organising a remote work Christmas party 3

By Kate Palmer, HR Advice and Consultancy Director at Peninsula

Christmas is usually a time of cheer and celebration, and the perfect way for employers to incorporate this in the workplace is by organising a Christmas party for their staff. However, things will have to be a little different this year due to the ongoing disruption caused by the coronavirus pandemic. While the easiest, and cheapest, option for employers is to not go ahead with their annual festive plans, in the spirit of keeping Christmas alive some may choose to organise a remote party.

There are, however, some important things that employers should be aware of.

  1. The coronavirus pandemic has highlighted the need for employers to keep their employees’ wellbeing in mind, much more than ever before. This is why, even with something that can be considered a ‘treat’ for employees, people who are working carers, have been struggling with work-related stresses, may not want to partake in a Christmas party this year, however well-intentioned it may be on the employer’s part. It is therefore advisable that remote parties should be optional and not constrained to a certain timeframe in which staff must be in attendance.
  2. Employers should ensure that those in attendance do not feel excluded from any activities during the party. For example, if an employee does not drink alcohol and a virtual wine tasting activity makes up the bulk of the event, such a person would not be able to contribute to the fun and may therefore feel left out. Consequently, it may be better for employers to ensure that there is a wide range of activities available that cater to the individuals who are attending.
  3. When attendees and potential attendees, have been established and the activities have been finalised, it is in the best interest of the company to send out emails to them. It should detail what is expected of them at the event and highlight that the same conduct is expected of them at a remote party as it would be at an in-person event. It should also outline that the same disciplinary procedures would apply in a situation where an employee commits a form of misconduct during the event.
  4. Similarly, employees should be made aware that the same grievance produce applies – to ensure that if company rules are broken by an employee or a grievance with the company itself, the affected employee will be able to raise this with the company.
  5. Finally, while employees can use their social media accounts in their own personal time, including at work social gatherings, employers must ensure that the use of social media should be done in a manner that does not adversely affect the company’s reputation.

To conclude, remote parties are the perfect way to ensure that social distancing rules are adhered to and that employees are rewarded for their efforts, there should be a mutual sense of responsibility on the part of the company and its employees.

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