Newgen, TCS partner for banking service bureau project in Israel

IT company Newgen NSE -0.97 % Software on Tuesday said that it has partnered with Tata Consultancy Services to deploy an enterprise-grade multi-channel, multilingual communication suite for the Banking Service Bureau (BSB) in Israel. The partnership will enable Israel’s central bank to transform the country’s banking sector by building a cloud-hosted centralised platform to provide end-to-end banking solutions.

“TCS delivers on its promise to the Ministry of Finance, Israel, for creating a fully configurable and programmable megastore of a full-service BFSI platform, through its carefully selected set of partners like Newgen. This partnership has architected a highly scalable and secure platform in record time,” Sumanta Roy, Vice President and Regional Head of TCS NSE -0.24 % Middle East, Africa, Mediterranean, said in a statement.