TCS Named a Leader in Banking Application Services by Everest Group

Deepthi | Myequity news | Date : 24-01-2019 12:50:00 IST

Tata Consultancy Services (TCS) has been recognized as a Leader in the Everest Group PEAK Matrix'"for Application Services in Global Banking - Services. In an assessment of 25 global service providers offering banking application services, TCS was positioned highest for market impact and vision and capability. The report highlights TCS' significant investments in solutions and intellectual property, products, academic partnerships, and co-innovation efforts. The report also noted that customers appreciate TCS' investment in driving scaled Agile adoption.

"Global banks are actively enabling APIs to promote ecosystem ploy and are increasing the adoption of cloud models in their efforts to achieve digital efficiency and to move towards o completely digital ecosystem," said K Krithivasan, President and Global Head, Banking, Financial Services and Insurance, TCS. "Our recognition as o leader by on independent, third-party research firm, is a testament to our deep understanding of the banking business, extensive digital capabilities and unique delivery approach."

"Evolving consumer demands, competition from digital native firms, and a digital talent gap puts stress on banks to execute digital initiatives at speed and scale. To manage these roadblocks, banks need partners who con run business in a cost optimized model, guide banks on their transformation journeys, manage the complexity of the innovation ecosystem, and bring differentiated skills," said Ronak Doshi, Practice Director, Everest Group. "TCS has demonstrated significant market success in banking application services by leveraging its deep domain expertise, partnership ecosystem, and global delivery presence. Investment in developing talent, solutions/ IP, and co-innovation efforts has helped TCS to strengthen its value proposition and position itself as a Leader on the 2018 Everest Group Banking Application Services PEAK Matrix."

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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