TCS opens financial solutions center

By agencies   |   Thursday, 25 May 2006, 19:30 IST
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CHENNAI: Tata Consultancy Services (TCS) launched its Banking and Financial Services Solutions Center (BFSSC) in Chennai. TCS Vice President Ravi Viswanathan said that the center was a part of the series of strategic moves of the company to focus on specific areas like banking, health, retail and insurance. The exclusive focus of the BFSSC in banking and financial sector would help TCS in leveraging its strength, he said. He said the company had bagged a $500 million project from an American financial institution for implementing comprehensive IT solutions. Viswanathan said the company planned to recruit 8,000 people in the near future of which 1,200 would be exclusive for BFSSC.