India, April 16 -- Tata Consultancy Services (TCS) has reportedly entered into partnership with Israel's Finance Ministry to make technology affordable for small banks in the country. With the Indian IT industry undergoing a transformation, TCS has invested in developing platforms in the banking, insurance, capital markets and retail segments.

In India, TCS created a core banking platform and has taken it to other markets. Having developed the first one, the Ministry of Finance wanted TCS to set-up a complete banking service bureau in Israel.

TCS is an IT services, consulting and business solutions provider that has been partnering with the world's largest businesses in their transformation journeys for the last fifty years.

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