Independent Research Firm names TCS as a Leader in Global Banking Platforms report

TCS scored highest in banking platform functionality, platform agility and product strategy

Mumbai | New York City, December 19, 2012: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced that Forrester Research Inc has named its flagship brand TCS BaNCS as a leader among a select group of global core banking software platforms. In its 62-criteria evaluation of global banking platform vendors, the research firm identified the eight most significant software providers. “The banking platforms of these Leaders all have a very strong pre-integrated product base and sound or even strong multichannel enablement capabilities, platform agility, product strategy, and services and support,” cited the report, “The Forrester Wave™: Global Banking Platforms, Q4 2012.”

The author of the report, Jost Hoppermann, wrote, “TCS BaNCS has a strong current offering and a strong strategy. TCS BaNCS again wins a Leader position with strong multichannel enablement and very strong banking platform functionality with no real gaps.”

NG Subramaniam, President, TCS Financial Solutions, said, “‘Any place is a banking place’ paradigm drives our overall product strategy and the sophistication in the functional integration across the business of banking. Simplicity in architecture contributes to the sophistication and ease of integration. We are pleased to note such an evaluation, which we believe strengthens our own banking platform conviction and product direction.”

About TCS Financial Solutions

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. Our mission is to provide best-of-breed solutions that drive growth, reduce costs, mitigate risk and offer a faster speed-to-market for our clients. With a global customer base of more than 280 institutions operating in over 80 countries, TCS Financial Solutions deliver state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs.

ABOUT TATA CONSULTANCY SERVICES (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 over 56 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 601,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $29 billion in the fiscal year ended March 31, 2024, and is listed on the BSE and the NSE in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com.

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