Barclays Wealth has signed a 10-year deal with Indian IT major Tech Mahindra for its technology upgradation initiative.
As a part of this deal, Tech Mahindra has become Barclays Wealth’s ‘preferred partner’ and onboarded the banking giant’s Singapore-based Avaloq and Charles River global centres of excellence.
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Tech Mahindra’s integration subsidiary Sofgen will provide global application delivery of Avaloq Banking Suite and Charles River’s IMS.
Sofgen CEO André Israel said: “We welcome the Barclays team transferring to Tech Mahindra and will assure their seamless integration.
“Within Banking and Financial Services, we are a leading Digital Transformation consulting firm, benefiting from a decade long partnership with Avaloq. We provide possibilities for career progression both regionally and globally. This engagement strengthens Tech Mahindra’s capabilities in Wealth Management and Financial Services globally.”
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