TCS shares rise after the signing of an £840m deal with British company Nest

As part of the expanded partnership, TCS will help Nest transform governance services using its digital-first platform powered by TCS BaNCS. “Its digital-first architecture provides APIs to enable easy integration with ecosystem partners such as payroll providers and fintechs. It will leverage the latest technologies and data analytics to provide members with personalized, self-paced experiences. This will enable Nest’s 12 million members and 1 million employers to access the right information at the right time and in the way that works best for them,” the filing reads.

TCS BFSI Platforms is an end-to-end digital ecosystem that supports the operations of life, annuity, property/casualty and health insurance providers. This SaaS-first platform helps organizations manage business simplification, deliver superior customer experiences, and achieve digital transformation.

“The purposeful partnership between Nest and TCS resulted in a hugely successful UK workforce pension scheme which is now a global benchmark for how an innovative, user-friendly, auto-enrollment pension scheme should be run,” said Vivekanand Ramgopal, President, BFSI Products & Platforms, TCS.

Sybil Alvarez

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