The comprehensive solution developed for Banco Pichincha will include a complete renewal of the banks core banking solution with a TCS' BANCS solution followed by IT & BPO outsourcing of the banks operational processes. The contract represents one of the largest outsourcing deals in Latin America.
Banco Pichincha has over 1.5 million clients, a loan portfolio of over US$1.5 billion and over 232 branches spanning Ecuador, Peru, Colombia, Panama, Spain and the United States. TCS will set up a new company in Ecuador, which will comprise over 500 personnel in the country supported by its offshore Business Process outsourcing (BPO) center in Chile and Global Delivery centers across the world.
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