The Financial Services Authority (FSA) has signed a multi-year agreement with Capgemini, Tata Consultancy Services (TCS) and Xansa to work in partnership with the FSA to transform its Information Systems Division's capability.
Darryl Salmons, IS Director at the FSA said:
"In 2005, the FSA conducted an IS effectiveness review and concluded that it needed to transform its IS operation. We are delighted that with the support of our application development partners, the FSA will be able to deliver a large portfolio of business applications more effectively. The agreement enables us to strengthen the alignment with our business priorities and will give us the flexibility to meet the challenges facing a modern regulator."
The cultural fit and strong track records in the UK financial services industry were major factors in the selection of these three suppliers by the FSA.
Notes for editors
The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; promoting public understanding of the financial system; securing the appropriate degree of protection for consumers; and fighting financial crime.
The FSA aims to promote efficient, orderly and fair markets, help retail consumers achieve a fair deal and improve its business capability and effectiveness.
