TCS inks pact with BankID BankAxept

New Delhi: IT major Tata Consultancy Services on Wednesday said it has entered into a strategic partnership with Norway’s national payment and electronic identity system BankID BankAxept to enhance the European country’s financial infrastructure.

“BankID BankAxept AS chose TCS to create a new command centre for its proven experience in leading large-scale growth and transformation projects for enterprise clients in the banking and financial services sector,” the IT major said in a statement. The partnership is aimed at enhancing resilience, security, and availability of Norway’s critical financial infrastructure, it added.

BankAxept is the national payment system in Norway, with 80 per cent of card payments made using a BankAxept card. BankID is the Norwegian eID verification solution, with more than 90 per cent of the country’s population, banks, public institutions, and commercial enterprises dependent on it, TCS said. Under the partnership, TCS will create a new operations command centre in Oslo for immediate responses to any service disruption, security issues, or client requests related to the country’s national payments and electronic identity verification systems.