Tata Consultancy Services announced, that it had won a deal for implementing the Smart Card based Financial Inclusion Solution (FIS) for Indian Bank to extend the banking services in un-banked / under-banked areas, enabling its reach to over 35 lakh customers over the next three years.

TCS is deploying its BaNCS Financial Inclusion Gateway solution for executing the bank’s requirements for this project. The applications will hosted on cloud computing technologies to create an easy to access in a highly secured environment that provides reliable world-class infrastructure and application services in a cost-effective and efficient manner.

“Indian Bank has been one of the early adopters of Financial Inclusion and we are committed to ensure inclusive growth and sustainable development of the country. Along with the strong domain expertise and technology capability of our strategic partners, TCS, our endeavour is to provide banking services for rural customers over 5,500 villages.” said Chairman & Managing Director T.M. Bhasin.

“In a short space of time, TCS has achieved market leadership in the financial inclusion space. We see this as a strong catalyst in creating an unprecedented economic opportunity while driving the social agenda of inclusive growth across the country,” said N. Chandrasekaran, CEO and MD, Tata Consultancy Services. “We are delighted to partner with Indian Bank to propel its growth in rural India,” he added.