Deals20 Dec 2024, 04:31 pm
TCS Extends Partnership with Bank of Baroda to Expand Financial Inclusion
AI Summary
Tata Consultancy Services (TCS) has expanded its partnership with Bank of Baroda to continue implementing an end-to-end financial inclusion solution over the next five years. The solution will help the bank's 55,000-plus agents better service over 6 crore customers in unbanked areas, processing around 12 lakh transactions a day. The application will support banking services, government insurance and pension schemes, and other financial and non-financial transactions.
Key Highlights
- TCS will deploy its TCS Financial Inclusion Gateway Solution for Bank of Baroda.
- The solution will help the bank better serve the unbanked population.
- The deal strengthens TCS’ commitment in making financial services and government schemes accessible.
- The application can process around 12 lakh transactions a day.
- The solution will support enrolment into critical government insurance and pension schemes.