Tata Consultancy Services (TCS) has signed a deal with M&G Prudential, the UK and European savings and investments business unit of Prudential Plc, worth USD 690 million.

The deal is to digitally transform the business and deliver enhanced service for its UK savings and retirement customers and the agreement is for over 10 years and covers the support of over 4 million customer policies.

Furthermore, TCS CEO, Rajesh Gopinathan stated, “We will propel this digital transformation through TCS’ continuous investments in digital and technology services. We will also bring the combined strength and capabilities of our deep domain expertise in BFSI and TCS’ strong record of managed policy administration in the UK life & pension industry.”

Read EquityPandit’s Technical Analysis of TCS Outlook for the Week