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New Research Partnership Gives Students Experience in Frontiers of Financial Services Technology.

Tata Consultancy Services and Macquarie University Partner to Provide Students with Research Scholarships, and Opportunity to Work on Real-world Applications of AI

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced a new research agreement with Macquarie University that will provide students the opportunity to gain valuable real-world experience in the application of data analytics and Artificial Intelligence (AI) in the financial services sector.

As part of the research agreement, TCS and Macquarie will provide research scholarships to PhD and Masters students, giving them global research exposure, access to international conferences and the opportunity to work on projects that explore the use of these next-gen technologies in the financial services industry.

The initiative will be led by Dr Amin Beheshti, Director - AI-enabled Processes (AIP) Research Centre and Head - Data Analytics Research Lab at Macquarie University, and Srini Goluguri, Client Partner - Banking and Financial Services at TCS, and Head - Data Analytics Research Lab and Lead - Banking Stream at Macquarie's AIP Research Centre.

'Macquarie University is extremely proud to partner with TCS and we look forward to leveraging the many opportunities that this research agreement will provide for the benefit of society and our students,' said Professor S Bruce Dowton, Vice-Chancellor, Macquarie University. 'Partnerships like these are vital in facilitating the international exchange of ideas through research collaboration and industry networks.'

'TCS has been partnering with leading Australian companies in harnessing the power of artificial intelligence, machine learning and other emerging technologies to power their growth and transformation,' said Vikram Singh, Country Head, TCS Australia and New Zealand. 'Our collaboration with Macquarie University will provide further impetus to the exploration of innovation opportunities in the financial services value chain using these powerful new technologies, and help Australian industry retain its global competitiveness.'

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 446,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $20.9 billion in the fiscal year ended March 31, 2019 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

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