Concept:This is a current affairs question about a recent IT services partnership deal.
It tests knowledge of which company expanded its custody and securities settlement services for Standard Bank Group.
Explanation:Standard Bank Group (SBG) is Africa’s largest custodian bank.
Tata Consultancy Services (TCS) has expanded its existing partnership with SBG.
The expanded partnership aims to centralize and standardize SBG’s custody and securities settlement operations across more than 15 markets.
TCS has worked with SBG for over 25 years.
As part of this deal, SBG plans to upgrade its platform using next-generation technologies.
SBG also intends to run all critical business operations in the cloud by 2026.
This move helps SBG achieve greater operational resilience and faster innovation.
It also signals a recovery in IT deal wins and renewals despite global economic uncertainties.
The other options — Infosys, IBM, and Wipro — are not associated with this particular partnership.
Answer:The correct answer is Tata Consultancy Services (Option A).