Tata Consultancy Services (TCS), India’s largest IT services provider, aims to strengthen its business with Israel’s government bodies.
TCS is already working with Israel’s public sector on several key digital transformation initiatives, including Project Nimbus, which aims to migrate operations and data of Israeli ministries and authorities, to a safe and secure cloud environment. As part of Nimbus, TCS has been selected by the country’s Ministry of Economy, Prime Minister’s Office, and Water Authority, among others, to drive their cloud transformations.
TCS’s flagship engagement in Israel has been the setting up of the TCS Banking Services Bureau (BSB) in collaboration with the Ministry of Finance, to encourage the entry of new digital banks that would boost competition, spark innovation, and rejuvenate the country’s banking sector. TCS BSB is a shared, end-to-end digital banking operations platform powered by TCS BaNCS, that startup banks can easily plug into, to launch their operations quickly and securely.
As part of strengthening its ties with the government, TCS hosted Israel’s Minister of Economy and Industry, Nir Barkat at the company’s facility in Mumbai, as part of his official visit to India.
Nir Barkat, Israel’s Economy and Industry Minister, said, “India is on its way to become the world’s 3rd largest economy. We will further a new business development agreement that will allow us to enjoy the benefits and strengths of both economies. India is a strategic partner to Israel and Indians are allies to the Jewish people…The Indian market contains huge opportunities for Israel, and it is my wish to further increase groundbreaking collaborations with my Indian colleagues, that will allow an increase trade and partnerships between Israeli and Indian companies.”
Ananth Krishnan, CTO, TCS said that the company has a strong interest in the Israeli technology, innovation, and startup ecosystem. “We see many opportunities to partner with Israeli companies and government bodies for mutual benefit. We will continue to expand our presence and deepen our relationships with existing clients in Israel, towards building greater futures through innovation and collective knowledge.”
TCS has been present in Israel since 2005 and currently has approximately 1,100 employees in Petah Tikvah, Jerusalem, working with clients in the banking and financial services, travel and transport, public services, hi-tech, retail and manufacturing industries.
“TCS was one of the first Indian tech companies to establish a presence in Israel more than 15 years ago. We work closely with several ministries and authorities in Israel, helping them harness the power of digital technologies such as cloud, to drive superior outcomes. We are pleased to take yet another step to strengthen the bond between TCS and the Israeli market. I believe this course will continue and increase in the coming years,” said Chen Kamer, CEO, TCS Israel.