Rabi Panigrahi , TCS ’ Head of Banking , Financial Services and Insurance , Nordics values co-creative relationship with Sweden ’ s innovative Ikano Bank
Tata Consultancy Services ( TCS )’ s Banking , Financial services and Insurance ( BFSI ) practice has been partnering with many of the world ’ s largest financial institutions in their business growth and transformation journeys for over 50 years . In the Nordic countries , Rabi Panigrahi leads this key segment of the business , engaging with key clients like Ikano Bank ( founded by Ingvar Kamprad the founder of IKEA ).
TCS focuses on supporting their customers in taking a clear-sighted perspective towards digital transformation and reimagining their businesses . For this , TCS leverages comprehensive investments in products & platforms , as well as disruptive technologies like AI , cloud , cognitive computing and the like . “ We bring these technologies on board , so the customer does not have to enter the innovation journey from zero ,” says Panigrahi . “ Ikano was a digital bank from its outset , without high-street branches , so it had little legacy burden . We have empowered it , with technology solutions to reimagine the digital banking experience coupled with a robust IT4IT platform to enhance Ikano Bank ’ s development life-cycle and speed to market . The new platform is enabling Ikano to further enhance their growth and transformation journey , with focus on broadening their customer base & customer experience by creating an ecosystem through retailers and distribution partnerships rather than depending solely on the financial segment of the business .”
The vision TCS offers is very much in tune with that of its client . Åsa Stoije , Head of Sourcing and Procurement at Ikano Bank says : “ TCS is an important supplier for Ikano Bank . We work in close collaboration with them as part of our strong partnership . They are a part of many development projects and integrations , and provide us with key capabilities . They fit our needs and requirements as a business , providing us with expert knowledge and helping us achieve our goals .” A statement that neatly sums up the advantage of working with the world ’ s leading banking consultancy .