TCS Recognized as a Leader in Capital Markets Application Services by Everest Group

Deepthi | Myequity news | Date : 18-01-2019 11:40:00 IST

In an assessment of 27 global service providers offering capital markets application services, TCS was positioned highest for market impact and vision and capability. Tata Consultancy Services has been recognized as a Leader in the Everest Group PEAK Matrix™ for Application Services in Capital Markets. The report cites TCS' engagements in Agile/DevOps implementation and cloud services as best-in-class examples.

"Capital markets firms ore investing in platforms, cloud computing, and robotic automation to reinvent business models as part of their Business 4.0™ transformation journey," said K Krithivasan, President, Banking, Financial Services, and Insurance group, TCS. "Our positioning as a Leader in this independent, third-party assessment is a testament to our investments in IP, capabilities, and market success in the capital markets space."

TCS offers a full service play and full stakeholder play across various segments within Capital Markets. The company's services include consulting, application development and maintenance, products, business process outsourcing, and infrastructure. Some of TCS' recent key transformation programs within capital markets include building analytics platform solutions for buy and sell side firms, helping migration of applications to a private or public cloud, leveraging artificial intelligence to improve customer experience, and driving digital transformations for multiple wealth management firms. To help customers cope with market and regulatory changes, TCS offers relevant solutions with accelerators in areas like the consolidated audit trail, the LIBOR change, FRTB, and more.

"The capital markets industry is leveraging o platform-based economy to gain efficiency, collaborate with the ecosystem, and create superior experience. Capital market firms are prioritizing costs optimization in their' run the business' initiatives and channel these savings to their change program," said Ronak Doshi, Practice Director, Everest Group.

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 IT, Business & Technology Services, and engineering.

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