TCS Named a Leader in Capital Markets BPO Services by Everest Group for Sixth Consecutive Year

Deepthi | Myequity news | Date : 11-12-2018 15:55:00 IST

TCS has been named a Leader and Star Performer in Everest Group's PEAK Matrix for Capital Markets BPO. TCS has been recognized as a Leader in this space for the sixth year in a row.

The report identified TCS as one of the top three providers contributing the largest market growth by revenue as well as having a strong hold across different geographies, commanding one of the highest market shares in UK and Continental Europe. Everest Group also highlighted TCS' investment to continuously boost its digital offerings and domain expertise especially in risk and regulatory management services, and its 'as-a-service' segment of offerings.

“Capital market firms that leverage digital technologies to transform their operations, effectively respond to dynamic market demands, and enhance customer experience, can sustain profitable growth in the Business 4.0 era," said K Krithivasan, President and Global Head, Banking, Financial Services and Insurance group (BFSI), TCS. “We view this leadership positioning as a validation of our broad scope of services, high market adoption, and standing as a trusted partner for banks and capital markets firms."

With over four decades of experience in partnering with leading capital market firms across the world, TCS has an unparalleled depth of industry expertise, and a full services portfolio backed by a suite of top- ranked products and platforms addressing every element of the capital markets value chain. TCS has the largest revenue from the BFSI segment in its peer group, and works with 9 of the top 10 investment banks, 6 of the top 10 asset management firms, and 4 of the top 5 global custodians.

"TCS enjoys a strong hold in the capital markets BPO segment," said Manu Aggarwal, Practice Director, Everest Group. "Over the years, the company has been growing its portfolio with technology offerings, entering targeted partnerships with technology providers, and boosting its domain expertise in capital markets. The continued investments in this segment have helped TCS maintain its leadership in this space."

"With our contextual knowledge, ability to partner with customers to create domain-specific solutions, and focus on innovatively combining the power of new technologies -particularly automation, analytics and cloud, we continue to add value to our customers," added K Krithivasan.

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. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

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