Meeting With Vivekanand Ramgopal

Vice President of TATA Consultancy Services

On August 6, 2019, we welcomed at our chambers Mr. Vivekanand Ramgopal, Vice President and Head of Tata Consulting Services (TCS), one of the world’s leaders in providing full core banking systems.

Mr. Vivekanand Ramgopal confirmed that TCS is committed to offer full crypto features and is very much looking forward to have Swiss banks implement such features and have according products and services and processes regulated by FINMA.

Whilst TCS is working on the technical / IT side of this project, Lloyd’s & Partners is drafting the according internal rules and regulations any Swiss bank applying for an extension of its existing license or a new license will have to submit to FINMA for approval.

TCS and Lloyd’s & Partners are working closely together on this project – especially as we both are working jointly on a pending application for a new Swiss bank right now.