Major IT services firms like TCS, Infosys, Tech Mahindra, Wipro, and HCLTech are aggressively pursuing digital transformation contracts in the BFSI sector. Despite recent spending slowdowns, BFSI is gradually recovering, prompting companies to target areas like core banking and payments. Tech Mahindra aims to leverage late-mover advantages, focusing on sub-verticals like wealth and asset management. Infosys reports increased BFSI contributions and expects further growth in FY25. TCS sees pent-up demand in BFS, while Wipro highlights strong performance in the Americas-II market, driven by BFSI.
IT Giants Compete for BFSI Digital Transformation Deals
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