IT firms compete to grab digital transformation deals in BFSI vertical

BENGALURU: From Tata Consultancy Services (TCS), Infosys to Tech Mahindra and Wipro, all IT services companies are competing to win digital transformation deals in the BFSI (Banking, financial services and insurance) vertical. Companies are seeing an opportunity in core banking and in payments space, among others. Though the vertical witnessed a slowdown in spending in the recent quarters, it has been slowly recovering.