Tata Consultancy Services has announced a strategic partnership with Nokian Tyres to advance IT transformation through AI-led modernization. The collaboration, announced on June 4, 2026, aims to strengthen Nokian Tyres’ IT operations by improving efficiency, resilience, and scalability. This partnership is designed to accelerate the adoption of new ways of working and enable greater use of automation and data-driven services to drive long-term growth and agility in a rapidly evolving market.

Partnership Scope

Under the agreement, TCS will expand Nokian Tyres’ use of artificial intelligence across application management, development, and onsite support services. The engagement will feature AI-led and agentic automation embedded at the core of IT operations to accelerate issue resolution, reduce operational cost, and strengthen resilience through a unified digital infrastructure. TCS will deliver end-to-end application management services across Nokian Tyres’ application landscape, covering development, maintenance, and support for systems in engineering, manufacturing, supply chain, commercial, and corporate functions.

Strategic Objectives

The partnership focuses on building a modern, insight-driven technology foundation to help Nokian Tyres accelerate innovation and respond faster to market shifts. Timmy McLellan, Chief Information Officer at Nokian Tyres, stated that the collaboration enables a globally unified, agile, and efficient operating model. Anupam Singhal, President of Manufacturing at TCS, emphasized that the next era of manufacturing will be defined by intelligence at scale, where digital ecosystems and AI-enabled operations work together to create resilient enterprises.

Tata Consultancy Services has expanded its partnership with Euroclear Group to modernize Sweden's Central Securities Depository (CSD). Announced on June 3, 2026, the initiative aims to create a harmonized Nordic securities ecosystem for the Finnish and Swedish financial markets by deploying TCS BaNCS™ for Market Infrastructure and Quartz™. This strategic expansion supports Euroclear's 'One Nordic' vision, targeting a resilient, cloud-ready, and scalable platform aligned with European market standards.

Strategic Partnership and Technology Deployment

The collaboration leverages TCS BaNCS™ to support end-to-end operations across asset classes, including core registry, depository services, and cross-border settlement. Complementing this, Quartz™ utilizes distributed ledger technology and AI to facilitate tokenized assets and decentralized settlements. The implementation will proceed through a phased IT transition, including the migration of the Swedish market to the European Central Bank’s TARGET2-Securities (T2S) platform for pan-European settlement.

Operational and Compliance Standards

The unified platform is designed to enhance straight-through processing and ensure compliance with European and global standards. TCS BaNCS™ offers a sophisticated double-entry system with settlement optimization capabilities, adhering to regulations such as the Central Securities Depositories Regulation (CSDR). Additionally, Quartz™ supports a seamless transition to ISO 20022 standards while maintaining co-existence with ISO 15022.

Leadership Perspectives

Hanna Vainio, CEO of Euroclear Sweden and Finland, highlighted that the extension of the decade-long partnership is a pillar of the 'One Nordic' vision, allowing the harmonization of business and IT practices onto a single platform. R Vivekanand, President of BFSI Products & Platforms at TCS, emphasized the commitment to delivering sophistication in functionality and standards compliance to the Nordics market.