Envestnet Data and Analytics, a Chicago-based company, has hired Tata Consultancy Services to develop cloud-based solutions for the provider of financial wellness services. Finances for the deal were not made public.

 

In addition to enhancing Envestnet D&A's technology infrastructure, streamlining operations, and product innovation, TCS will expand its core platform and cloud-enable its data estate.

 

TCS will also use the Envestnet D&A platform to provide its clients in the banking and financial services sector specially created analytics solutions.

 

We are excited to work with TCS to quicken our response to market growth prospects, enabling us to scale product innovation and be more responsive to customer needs. the group president of Envestnet Data and Analytics, Farouk Ferchichi, stated.

 

“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.

 

At TCS, we go beyond assisting companies with technological transformation. We assist them in meaningfully impacting both the communities they serve and their customers.

 

Throughout the past 50 years, Tata Consultancy Services has collaborated with many of the biggest companies in the world to provide IT services, consulting, and business solutions. We think that innovation and general knowledge can change everyone's futures for the better.