Envestnet Data: TCS wins deal from Chicago-based Envestnet Data and Analytics

Tata Consultancy Services said on Wednesday that it has won a deal from Chicago-based Envestnet Data and Analytics to build cloud-based solutions for the financial wellness solutions company. Deal financials were not disclosed.

In addition to expanding its core platform and cloud-enabling its data estate, TCS will enhance Envestnet D&A’s technology infrastructure, streamline operations, and product innovation.

Additionally, TCS will provide custom-designed analytics solutions to its clients in the banking and financial services industry, leveraging the Envestnet D&A platform.

“…We are pleased to partner with TCS to accelerate our response to the growth opportunities in the marketplace, allowing us to scale our product innovation and be more dynamic in meeting clients’ expectations,” said Farouk Ferchichi, Group President, Envestnet Data and Analytics.

“Using our deep financial experience developed over decades, TCS is helping leading wealth management institutions across the world leverage new technologies to navigate the evolving business landscape, pursue innovation and improve customer experience,” said Rakesh Kumar, Business Unit Head – US West, Banking, Financial Services and Insurance, TCS.

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