Deutsche Bank in Talks to Sell Tech Unit to Tata Consultancy (3)

Deutsche Bank AGis in advanced talks to sell a technology services unit to Tata Consultancy Services Ltd., Asia’s biggest software exporter by market value, people with knowledge of the matter said.

The discussions about Bonn-based Postbank Systems AG are expected to result in a deal with the Indian company by the end of the year, the people said, asking not to be identified discussing the private information.

The pandemic is accelerating moves by global banks and financial services firms to shed their captive technology centers. Tata Consultancy’s potential takeover of Postbank’s 1,400 employees in the South Asian nation ...