TCS and Bank of Baroda Strengthen Alliance for Another Five Years in a Row.

Tata Consultancy Services (TCS) has expanded its partnership with Bank of Baroda, India’s second-largest public sector bank, to continue implementing an end-to-end financial inclusion solution for the next five years. The solution can process 12 lakh transactions per day and will assist 55,000+ agents in providing better service to over 6 million customers in unbanked areas. The deal is a part of the 15-year partnership between the two companies. TCS will deploy its TCS Financial Inclusion Gateway Solution, which will provide central infrastructure, application support, and maintenance, as well as manage change management services. The solution will process various transactions, including banking services, financial and non-financial transactions, and government insurance and pension schemes. The partnership aims to continue bridging the financial gap for unbanked and underserved populations. The financial details of the deal were not disclosed.