TCS to accelerate digital transformation of Envestnet Data and Analytics

15 Mar 2023 , 11:45 AM

Tata Consultancy Services (TCS) has collaborated with Envestnet Data and Analytics as the latter expands its technology ecosystem, embraces cloud-first data architectures, and continues to provide comprehensive financial wellness solutions to its clients more efficiently.

Both firms will collaborate on transformative market opportunities, as well as co-innovate to bring insights and products that will help global financial institutions deepen client relationships and deliver greater lifetime value. 

TCS will use its cloud capabilities and Machine First approach to improve Envestnet D&A’s technology infrastructure, streamline operations, and increase product innovation, in addition to expanding its core platform and cloud-enabling its data estate, said the company in a media release.

This collaboration will result in a comprehensive data platform that will transform client experiences across banking, payments, lending, and wealth products, allow users to augment current data sets with new data from alternative sources, and generate insights for potential new portfolio strategies.

TCS will also use its customer-specific contextual knowledge to envision and provide custom-designed analytics solutions to its banking and financial services clients using the Envestnet D&A platform.

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