UK’s Financial Services Authority Announces Information Systems Contracts

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.