European payments firm chooses TCS for post-merger systems consolidation
North European financial services firm Nets has chosen TCS to avail application maintenance and development services across Nets’ value chain of cards, payments and eSecurity.
Banktech India News Network, 9/15/2011 1:19:25 PM
North European financial services firm Nets has chosen TCS to
avail application maintenance and development services across
Nets’ value chain of cards, payments and eSecurity.
Nets is one of the largest payment cards, payment solutions and
payment exchange information companies in Northern Europe.
For several years the Norwegian BBS and Danish PBS have been
strengthening their market position in the Norwegian and Danish
payments market. In autumn 2010 these Nets’ group companies
were merged to become the leading payments provider in the Nordic
region. Now they aim to expand into Northern Europe.
“After the merger we were looking for a strategic
partner to achieve strong business synergies in our post-merger
integration. We are certain that we have found this partner in TCS.
” said Jan Erik Secker, Head of IT Sourcing and Vendor
Management at Nets. He added, “TCS has a strong track record
and a deep knowledge in our field of operations. They provide us
with a full-service capability and can draw on both Nordic and
global experiences which we consider critical in reaching our
“Nets have been using global delivery for over eight
years and the fact that they chose TCS as their new strategic
partner is a testament to TCS' maturity working with Nordic clients
and in the Financial Services sector. We will bring our best
expertise and resources to bear on supporting Nets with their
strategic objective to emerge as a leading Northern European
payment provider. TCS’ full-service capability, knowledge of
Nordic business practices and global experience uniquely positions
the company to support Nets’ high expectations in leveraging
IT to capture business synergies, as well as support its strong
business ambitions.” said, Amit Bajaj, Director of the Nordic
& Baltic region at TCS.
The banking and financial services business unit is the largest
vertical for TCS, comprising over 80,000 employees working for 200+
banking and financial services clients worldwide. The unit has been
expanding its presence in the Nordic market - that comprises
Sweden, Norway, Finland, Denmark and Iceland - and caters to some
of the leading firms in this sector.
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