Geneva, 6 September 2016: Tech Mahindra and Barclays Wealth, a division of Barclays Bank plc., have entered into a strategic relationship for the provision of ‘Avaloq Banking System’ and ‘Charles River’ global application delivery. These services will be delivered by SOFGEN, a business unit of Tech Mahindra. SOFGEN has market leading domain expertise in various banking systems and has been retained by Barclays Wealth for in excess of 10 years.
Tech Mahindra becomes a Barclays Wealth preferred partner and, as a part of this transaction, has on-boarded Barclays’ Singapore-based Avaloq Banking System and Charles River global centres of excellence. “We welcome the Barclays team transferring to Tech Mahindra and will assure their seamless integration”, said André Israel, CEO, SOFGEN. “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.”