CIO of BestServe,
Ritesh Sarda inaugurating
new Offshore
Development Center
The choice of TCS came down to three main factors:
1. Comprehensive capabilities of TCS BaNCS. “TCS BaNCS has a rich
set of functionalities to support our core administration system needs
for pension products and potentially scalable enough to take care of the
life and health business as well,” says Ritesh Sarda, CIO of BestServe.
2. Implementation capabilities of TCS. “TCS has be en able to
implement large, transformational programs for many strong players
in the marketplace, and they have the capability and experience to
handle a large variety and high volume of projects,” says Ritesh.
3. Prior relationship with TCS. BestServe’s parent company, Sun Life
Financial, had worked in the past with the business processing subsidiary
of TCS, which supports the UK operations of Sun Life Financial of Canada.
In total, the entire legacy transformation program will involve
consolidation of pension administration systems covering multiple
pension schemes and pension accounts holding portfolios that
may include both unitized investment funds and interest-based,
non-unitized investment funds. TCS BaNCS will have to connect to
multiple interfaces, including internal BestServe systems and external
regulatory systems.
In addition to the TCS BaNCS deployment as a pension administration
system, TCS has also begun to work with BestServe on building a
platform to support extensive digital capabilities for web and mobile.
hardworking, and committed.
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