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TCS expands its long-term UK BFSI platform deal with Phoenix Group

The firm will also expand its presence in Scotland following this deal with an operations service hub in Edinburgh

TCS
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TCS | Photo: Shutterstock

Romita Majumdar Mumbai
IT services behemoth Tata Consultancy Services (TCS) announced an expansion of its long-term partnership with Phoenix Group, Europe’s largest life and pension consolidator, to drive the growth and transformation of the Standard Life business and meet the future needs of its customers, workplace clients, and their advisers.

While the company did not disclose the deal financial or duration except that it is a long term multi-year deal, it is estimated to be in the range of $2 billion in line with the Transamerica deal announced last year, according to industry sources.

TCS will also expand its presence in