Signs up three IT outsourcing companies to help
By Dan Ilett
Published: 18 August 2006 14:45 GMT
The Financial Services Authority (FSA) has signed a four-year contract with three outsourcing companies to revamp its business applications.
The move is intended to simplify the process for companies when they submit compliance-related data to the FSA.
Capgemini, Tata Consultancy Services (TCS) and Xansa have been selected for the framework agreement, which has no fixed value.
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The FSA said the suppliers were chosen because of their "cultural fit and strong track records".
Darryl Salmons, IS Director at the FSA, said in a statement: "In 2005, the FSA conducted an IS effectiveness review and concluded that it needed to transform its IS operation.
"With the support of our application development partners, the FSA will be able to deliver a large portfolio of business applications more effectively."
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