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Legal & General Expands Strategic Partnership with TCS to Enable Digital Workspace Transformation

Posted On: 2019-10-09 11:14:54

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organisation, announced that it has expanded its strategic partnership with Legal & General (L&G), one of the UK's leading financial services groups and a major global investor, to help L&G transform into a digital workspace leveraging TCS' Machine First™ Delivery Model and design thinking approach.

L&G began its relationship with TCS in 2008. As a strategic partner, TCS has delivered many successful programmes across various lines of business, including an agile transformation, SmartQuote services for general insurance, Solvency II, and Retail Distribution Review implementation.

The expanded partnership with TCS will help L&G build an intelligent and automated digital workspace aligned to its business vision. Additionally, a highly personalised, next-gen service desk will provide realtime analytics for location-aware services and enterprise-wide social collaboration.

"Through our strategic partnership with TCS, we are building a digital workspace for our teams that is intuitive, flexible and frictionless, using the best of digital technology and service design to transform people's experience, improve productivity and support collaboration. The digital workspace powered with new tools, ways of working and services will help us support our customers and stakeholders better," said Mark Hall, Group IT Director, L&G.

"We look forward to deepening our long-standing strategic partnership with L&G with this digital workspace transformation. Our next-gen solutions will empower L&G's end-users with persona-based omni-channel experiences, real-time automated issue resolution, gamification, etc. and help the company revolutionise its workspace," said Vinay Singhvi, Business Unit Head, BFSI - UK and Ireland, TCS.

TCS' comprehensive Digital Workspace services and solutions, enabled by user empathetic design and agile execution, help enterprises create intuitive, immersive and intelligent workspaces. These services include an in-house platform designed to host a complete suite of digital workspace components that create delightful employee experiences with persona-based delivery, predictive healing, advanced analytics, cognitive IT support, chatbot assistance, knowledge as a service, modern device management, and more.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2052.85 as compared to the previous close of Rs. 2078.65. The total number of shares traded during the day was 95756 in over 5359 trades.

The stock hit an intraday high of Rs. 2094.8 and intraday low of 2041.05. The net turnover during the day was Rs. 197258913.

Source: Equity Bulls

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