Tata Consultancy Services on March 30 announced that it has renewed its strategic partnership and services footprint with Nationwide Building Society to help strengthen the latter’s enterprise agility and operational resilience.
TCS has been collaborating with the UK-based building society in the transformation of its core technology stack to help drive faster innovation, newer services, and superior experiences for its members for the last 10 years, the company said in a regulatory filing.
With the strategic partnership, Nationwide will be able to leverage TCS’ complete range of services to transform its strategic applications and IT infrastructure.
"The new agreement reaffirms our confidence in the decade long partnership with TCS and we look forward to continuing to work together to deliver Nationwide’s IT strategy," Nationwide Building Society CEO Gary Delooze said.
Frequently Asked Questions
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
every day," he added.
"We look forward to strengthening our long-standing strategic partnership with Nationwide and supporting their push towards being a purpose-driven, resilient and adaptable organization. Our deep contextual knowledge, digital expertise, agile practices, and new ways of working will meet Nationwide’s growing business needs and ensure future resiliency," TCS's BFSI UK and Ireland business head Satya Mishra said.
Last week, TCS became the first major IT services company to announce a pay increment for financial year 2021-22. The salary hike would come into effect from April 2021.