TCS wins £600 million Phoenix Group deal

Tata Consultancy Services has expanded its deal with Phoenix Group, UK’s largest long-term savings and retirements provider. The extended deal is worth £600 million ($0.72 billion) — the largest for the company this fiscal.

TCS will digitally transform Phoenix Group’s ReAssure business using the TCS BaNCS based platform.

In 2019, TCS had originally bagged a deal from the Phoenix Group valued at over $2 billion.

“This transformation will ensure that Phoenix’s customers benefit from the clear digital focus, consistent customer journeys and customer proposition provided by one platform,” said Brid Meaney, CEO of Heritage Division, Phoenix Group.