Tata Communications GlobalRapide powers enterprises with intelligent, automated, cloud first unified communications
Tata Communications, a global digital ecosystem enabler, today announces the launch of Tata Communications GlobalRapide, an end-to-end managed unified communications as a service (UCaaS) to enable enterprises deliver digitally advanced, sophisticated, and intelligent collaboration experiences to employees. With this new service, Tata Communications becomes a one-stop-shop to address all digital-first, cloud-first unified communications requirements of global businesses.
Tata Communications GlobalRapide helps enterprises with identifying the right collaboration platforms, simplified migration, robust enterprise-grade communications management, and endto-end visibility, monitoring, and reporting of the collaboration solutions. Augmented with SaaS (Software as a Service) platform-based strategy, training, and insights capabilities, the service provides businesses with usage analysis of their collaboration tools, maximising the service adoption. With this addition, Tata Communications suite of cloud-based, secure collaboration solutions now enables enterprises to unlock the full potential of their digital collaboration strategy with better visibility and control of their unified communications infrastructure.
“Effective collaboration strategy is the bedrock of a productive enterprise ecosystem. In a recent survey1 , 45% of global enterprises acknowledged that right collaborative tools and systems are critical to manage the risk of employee burnout as well as support new ways of working,” said Mysore Madhusudhan, Executive Vice President, Collaboration and Connected Solutions, Tata Communications. “As enterprises embark on their digital transformation journeys, Tata Communications GlobalRapide removes the complexity of different platforms to deliver consistent experiences for global users with scalability and ease of management for the organisation. We are encouraged by the initial response from Tata Communications GlobalRapide customers who cite simplified end-to-end integration, control and visibility in a single pane of glass as key benefits they are experiencing in their ecosystems.”
The pandemic has accelerated the digital transformation journeys of enterprises. Thus, the demand for advanced unified communications services has increased with businesses investing in a more robust digital architecture to support hybrid working models. IDC forecasts that UCaaS market will grow at 9.3 percent CAGR between 2020 and 20252 . With global connectivity, local expertise, and regulatory compliance, Tata Communications is equipped to deliver cloud-driven, smart, efficient, and secure unified communications experiences for global enterprises.
TCS Positioned as a Leader and Star Performer in Banking Operations Services by Everest Group
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been named a Leader and Star Performer in the Everest Group PEAK Matrix® for Banking Operations Services
In an assessment of 31 banking operations service providers, TCS was positioned highest for its vision and capability. Additionally, it was recognized as a Star Performer for demonstrating the strongest forward and upward movement on the matrix, based on the large clients added to its portfolio, expanded footprint in emerging geographies and augmented capabilities.
According to the report, TCS has well-rounded capabilities across a full spectrum of banking services and an extensive coverage across all major buyer geographies and client segments. It said that the firm has developed robust technology capabilities with its in-house platform TCS BaNCS™ and automation platform iBaS. The report also highlights TCS’ investments in adding new service lines, building innovative solutions, and augmenting its TCS BaNCS platform with tools such as iCLADA for commercial loans and Dispute 360.
Cited as a key strength is TCS’ expansion of its advisory capabilities leveraging the Tran$form© operational framework, alliances in regulatory consulting, and investment in building strong domain expertise along with creation of a dedicated CoE for FCC. The report adds that TCS has aggressively scaled its delivery footprint with the addition of new centers in Canada, Europe, and APAC.
“TCS is partnering with leading banks across the world in their growth and transformation journeys, helping them embrace new, leaner and more agile operating models with AI and machine learning at their core. With this future-ready digital foundation, banks can drive business model innovation, superior customer experiences and competitive differentiation,” said K Krithivasan, Business Group Head, Banking, Financial Services, and Insurance, TCS. “Our leadership positioning in this assessment is a recognition of our strategy, capability and transformative offerings that help our clients stay ahead of the curve.”
TCS is one of the world’s largest providers of services and solutions to the financial services industry, and has been helping leading banks and financial institutions across the world in their growth and transformation journeys. Using its deep domain expertise, contextual knowledge, intellectual property and knowledge of global regulatory norms and risk management guidelines, TCS helps its customers leverage high levels of intelligent automation to reimagine their operations, enhancing their agility and competitiveness.
TCS' suite of cognitive-enabled business process services and solutions cater to all segments within banking. These include:
Retail banking and cards services: TCS provides support in the areas of origination, servicing, payments, 360-degree dispute management, collections, and personal and private banking. TCS’ solutions like Machine Assisted Compliance Screening, iKYC, TCS 360 dispute automation, ML & NLP based AML screening tool, adaptive knowledge bank, and TCS Jarvis extraction suite, help banks embrace cognitive operations and hyper automation to speed-up their processes and derive dynamic customer insights.
Commercial banking services: TCS’ commercial banking services offer comprehensive coverage across payments and cash management, trade finance, and commercial lending. Backed by strong domain expertise, vast experience in operations, and in-depth knowledge of the regulatory landscape, TCS helps banks establish foolproof controls to identify and flag non-compliance.
TCS’ TraDAA©: Trade Finance Digitization, Automation and Analytics, a unique suite of modular cognitive solutions re-imagines banks’ trade finance business transforms experiences and outcomes for all stakeholders including end customers. Other cognitive solutions such as Machine Assisted Compliance Screening, Trade Finance Command Centre (for analytics), Cognitive Automated Financial Spreading and Automated Document Checker help automate manual, paper-based tasks, while the robust rules engine facilitates document scrutiny and regtech sanctions disambiguation.
Lending services: TCS supports the entire value chain of operations for residential mortgage and loan operations for top global banks and lenders, leading mortgage non-bank lenders, mortgage servicers, correspondent lenders, allied service providers such as mortgage insurance companies, and title and information service providers. Its suite of digital mortgage services covers the end-to-end process ranging from underwriting and closing to post-closing, servicing, and secondary market services, allowing lenders to enhance the borrower experience and simplify processes across the business value chain. TCS’ newly launched solutions DigiHome, Forbearance and Loss mitigation along with the its Digital Mortgage Advisor, Cognitive Document Digitization and AI based chatbot are garnering interest from lending clients across the world
“Driven by intensifying competition from non-banks and disruption caused by the COVID-19 pandemic, financial institutions are attempting to differentiate through a superior customer experience and efficient operations leveraging the power of technology and digital transformation,” said Manu Aggarwal, Partner, Everest Group. “TCS, with its wide array of technology solutions, strong advisory capabilities, and deep domain expertise across all major banking segments, is well equipped to serve as a key transformation partner to its clients. As such, it has been recognized as a Leader in Everest Group’s Banking Operations PEAK Matrix® Assessment 2022.
Airbus signs contract with BEL for C295 aircraft programme
BEL receives biggest Export Order ever
As part of its Offset commitments under the prestigious C295 aircraft programme of the Government of India, and in line with the XMake in India' policy, Airbus Defence and Space has signed a contract with Navratna Defence PSU Bharat Electronics Limited (BEL) for the manufacture and supply of Radar Warning Receiver (RWR) and Missile Approach Warning System (MAWS). This is the biggest export order received till date by BEL
The contract was signed by Mr Vinay Kumar Katyal, Director (Bengaluru Complex), BEL, Mr M V Raja Sekhar, Director (Research & Development), BEL, Mr Dominique Arnal, Sr Vice President (Procurement, Supply Chain & Logistics/ Airbus Defence & Space), and Ms Annika Mulder, Vice President (Procurement Structure, Materials & IT / Airbus Defence & Space). Mr Jorge Tamarit Degenhardt, Mr Venkat Katkuri, Mr Thierry Cloutet and Mr Rohit Srivastava (all from Airbus) and Mr Manoj Jain, General Manager (Electronic Warfare & Avionics), BEL, Mr Murali V, General Manager (Finance/Bengaluru Complex), BEL, Mr Anil K Sogi, Additional General Manager (D&E/EW&A), BEL, and Mr H P Srinivas Rao, Additional General Manager (International Marketing), BEL, were present
Airbus Defence and Space is rigorously working towards the ,Make in India' dream of the Indian Government. "The contract with Airbus Defence and Space is the biggest export order received till date by BEL. We are very happy to be part of the C295 program, " said Vinay Kumar Katyal, Director of Bengaluru Complex, BEL
We are happy to be associated with Airbus Defence and Space in manufacturing and delivering the Radar Warning Receiver (RWR) and Missile Approach Warning System (MAWS) for the prestigious C295 aircraft programme. We look forward to working with Airbus for more such programmes and challenges, " said Mrs Anandi Ramalingam, Chairman & Managing Director, BEL
We are proud to partner with Bharat Electronics Limited as per the provisions of the C295 programme. This partnership demonstrates Airbus ' commitment to support the development of the defence manufacturing ecosystem in India by working with the full spectrum of industrial partners from both the public and private sectors, " said Mr Dominique Arnal, Sr Vice President (Procurement, Supply Chain & Logistics/ Airbus Defence and Space).