TCS: supporting mission critical technology amidst COVID-19
Since the outbreak of COVID-19, the pandemic has created significant global challenges that have caused widespread disruption. TCS believes “that all global challenges need global solutions. We are engaged with our employees, clients, partners, public institutions, and community organisations to rise to the occasion. As the world comes together to fight this, human endeavor and ingenuity will surely prevail over this crisis,” comments .
Continuing its support of mission critical technology
As a leading technology provider, TCS works with thousands of organisations around the world in order to keep them up and running.
“We power the financial backbones of several countries, support some of the largest health care and pharmacy companies in the world, manage integrated systems – including online channels – for retail companies, and run technology for governments and public services organisations. The smooth functioning of all these organisations will be vital during a period of lockdown and social distancing,” adds .
With 50 years of experience in location independent work practices, TCS has the capabilities to deploy collaboration platforms, cloud enabled infrastructure and robust security practices to mitigate the challenges presented by COVID-19. “Our clients have trusted TCS to manage their technology. We will continue to keep earning their trust by working together to navigate these difficult times.”
Currently TCS has pledged over US$200mn to protect and empower those affected by the impact of COVID-19, and is working closely with governments and institutional partners. “We are continuously engaged with government authorities, industry chambers and multilateral organisations to support them in ensuring the safety of communities, while keeping critical services operational. Governments in the countries where we operate recognize the IT sector as mission critical in powering functional economies. We are in touch with public institutions to ensure continuity on all fronts.” TCS is also a strategic partner to the World Economic Forum as part of its COVID-19 action platform.
In addition to its financial pledge and engagement with governments and institutional partners, Tata Sons and Tata Trusts have pledged US$200mn to protect and empower affected communities. The pledge will include the supply of personal protective equipment for frontline medical personnel, respiratory systems, testing kits, modular treatment facilities and training for health workers and the general public.
Combating COVID-19 with technology
Drawing on its experience in research and innovation, TCS has been utilising its knowledge to deliver disruptive solutions and technology. Since the outbreak of COVID-19, TCS has been leveraging its R&D infrastructure to run multiple projects looking for opportunities to support high priority needs around the world.
“The foremost priority lies in the area of healthcare and vaccine research. Some of our initiatives include the COVID-19 patient tracker, creating a quick and light platform for clinical trials systems to rapidly collate effectiveness data in collaboration with pharma and medical institutions, drug molecule discovery using our patented technology and frameworks and exploring promising ideas for affordable and effective ventilators and kits. These represent just some of the ways we are harnessing our expertise to fight this virus.”
BME and BBF Fintech to stage sustainable finance hackathon
The first hackathon focused on the fintech and insurtech world at an international level, concentrating on sustainable finance, will be hosted in Bilbao.
The ‘Hack & Disrupt!’ event will take place on 25, 26 and 27 June, and is organised by BME and BBF Fintech. The event aims to bring together companies, entrepreneurs and startups to solve global technological challenges as a team.
The event, which is sponsored by BBK, Plaza Financiera Bilbao and SIX's startup accelerator, F10, wants to connect entrepreneurs and businesses to re-imagine finance and insurance through digitalisation. The challenges that participants will be facing are geared towards innovation and sustainable finance.
Due to the pandemic, the event will be held in a hybrid format, combining a face-to-face part, at the BBF Bilbao Berrikuntza Faktoria, and through a technological platform, which will feature different stands, chats and workrooms. The opening and closing ceremonies, as well as various panels related to the entrepreneurial world and the fintech and insurtech ecosystem, will be streamed from the platform.
What will happen at the event?
The opening will reflect on innovation in the securities markets and then afterwards there will be a panel discussion on sustainability. Challenges will be introduced on Friday evening, and the teams will start working on their resolution until Sunday 27th. Saturday 26th features presentations by several experts, including Berta Ares, General Manager of BME Inntech, and Manuel Ardanza, Chairman of the Bilbao stock exchange.
The winners, which will be announced on Sunday, will be eligible for three prizes: a prospection trip to Switzerland, where they will be able to get to know its fintech ecosystem in detail, the possibility of participating in the incubation Programme and in BBF Fintech’s II Open Innovation Programme, the public-private fintech incubator promoted by Bizkaia’s provincial council, Bilbao’s City Hall, the University of Mondragón and Dominion, as well as direct access to the final interview to participate in the F10 incubation and acceleration programme.
Javier Hernani, CEO of BME, believes that BME's presence at this event reaffirms the company's commitment to digitalisation, innovation and the promotion of SMEs and disruptive startups, which adds to other initiatives, such as the Pre-Market Environment. "Today's startups can be tomorrow's stock market blue chips," he stated. “We also reiterate our support for Bilbao as an innovative financial centre, where BME closely follows the entrepreneurial ecosystem”, he added.