Subcontinent link helps huge bank deal

A Sydney software developer has paired up with Indian outsourcer Tata Consultancy Services in a $US100 million ($181 million) deal to supply technology to the State Bank of India.

The world's third-largest bank - with 13,000 branches and 100 million accounts - picked the Financial Network Services B@ncs-24 package after an 18-month tender process in which the Australian firm competed against the likes of IBM and Alltel.

The Indian link has proved a boon for FNS, which expects to secure about $US20 million from the contract.

News source: News Interactive - Subcontinent link helps huge bank deal

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