TCS extends partnership with DNB Bank ASA to power Next-gen Banking Tech By CIOTechOutlook Team

TCS extends partnership with DNB Bank ASA to power Next-gen Banking Tech

CIOTechOutlook Team | Friday, 28 February 2025, 11:19 IST

TCS, a leading global IT services, consulting, and business solutions provider, has extended its partnership with DNB Bank ASA, Norway’s largest financial services group, for another five years. This extension builds on a long history of successful collaboration, setting the stage for continued growth and innovation.

As part of the renewed agreement, TCS will remain DNB's strategic partner, aiding the bank’s digital transformation and supporting its cost-efficiency goals. TCS will also contribute to DNB’s modernization efforts by deploying cutting-edge technologies, managing and developing new applications, enhancing security measures, and offering expertise in next-generation technologies such as AI and quantum computing.

Shankar Narayanan, President, Banking & Financial Services, TCS, said, “We look forward to entering an exciting new chapter in our collaboration with DNB. We are always looking for new ways to equip DNB in their efforts to be Norway’s most innovative bank and we are pleased to be given the opportunity to continue to do so through the extended partnership.”

Elin Sandnes, Group EVP of Technology & Services, DNB, said, “We are very pleased with the decision to continue our partnership with TCS for an additional five years. We already have a longstanding and proven relationship where TCS has helped enable some of our biggest transformations and innovations over the past twelve years. We look forward to seeing what we can achieve together in the future.”