TCS bags orders from NZ life insurer Westpac Life to upgrade its software platform

MUMBAI: The country's top software exporter Tata Consultancy Services (TCS) today said its TCS BaNCS Insurance has secured an order from Westpac Life of New Zealand to upgrade and transform its software platform for an undisclosed amount.

The platform will provide Westpac with the ability to define, configure and launch new products quickly and efficiently, TCS said in a statement here.

"We are very pleased to be partnering with Westpac's insurance division in New Zealand and see this as a strategic expansion of our growing relationship with Westpac, both in New Zealand and Australia," TCS Australia and New Zealand Chief Executive Officer, Deborah Hadwen said in the statement.

"We selected TCS BaNCS due to its flexibility, ease of configuration and strategic technical fit with our insurance related business requirements," Westpac Head of Insurance Kevin Crowley said in the statement.

TCS Financial Solutions provides software solutions for the banking, insurance and capital markets industries with 240 institutions as clients and operations across 80 countries.

Westpac New Zealand is the banker of the New Zealand government and has over 1.2 million customers and around 200 branches and 500 ATMs nationwide, it said.