TCS BaNCS named a Leader in the Gartner Magic Quadrant for Global Retail Core Banking

Deepthi | Myequity news | Date : 26-10-2018 15:30:00 IST

TCS, a leading IT services, consulting and business solutions organization, has announced that TCS BaNCS has been positioned as a Leader in the Gartner Magic Quadrant for Global Retail Core Banking for the tenth consecutive year.

"Banks today are looking for a new generation, future-ready core banking platform that gives them business agility, supports product innovation and delivers a superior customer experience while complying with ever more complex regulations," said Venkateshwaran Srinivasan, Vice President and Head, Financial Solutions, TCS, speaking from the sidelines of SIBOS 2018 at Sydney. "TCS BaNCS, with its rich functionality, componentized architecture, and digital capabilities are helping banks across .the world compete in a Business 4.0 world. We view this Leadership positioning as an important third party validation of our product strategy and market standing."

TCS BaNCS helps banks embrace a true customer-centric business model, simplify operations, enable innovation, enhance experience and effectively manage risk and compliance. TCS BaNCS for Core Banking has one of the largest number of components covering both assets and liabilities, powering customers' business models with APIs along with an integrated Digital Engagement layer that enables a Digital First, Cloud First strategy. A proven solution with deployments across multiple countries, it manages a wide range of transaction volumes starting from a few hundred to hundreds of millions per day.

About Tata Consultancy Services Ltd. (TCS):

Tata Consultancy Services is an IT services, consulting and business solutions organisation 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. A part of the Tata group, India's largest multinational business group.

More from Myequity