Barclays Wealth taps Tech Mahindra for tech upgradation

Barclays Wealth has signed a 10-year deal with Indian IT major Tech Mahindra for its technology upgradation initiative.

Barclays Wealth taps Tech Mahindra for tech upgradation

Barclays Wealth has signed a 10-year deal with Indian IT major Tech Mahindra for its technology upgradation initiative.

As a part of this deal, Tech Mahindra has become Barclays Wealth’s ‘preferred partner’ and onboarded the banking giant’s Singapore-based Avaloq and Charles River global centres of excellence.

Tech Mahindra’s integration subsidiary Sofgen will provide global application delivery of Avaloq Banking Suite and Charles River’s IMS.

Sofgen CEO André Israel said: “We welcome the Barclays team transferring to Tech Mahindra and will assure their seamless integration.

“Within Banking and Financial Services, we are a leading Digital Transformation consulting firm, benefiting from a decade long partnership with Avaloq. We provide possibilities for career progression both regionally and globally.  This engagement strengthens Tech Mahindra’s capabilities in Wealth Management and Financial Services globally.”