Mumbai, April 25, 2012: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, announced that TCS BaNCS, has won two of the 2012 XCelent Customer Base Awards. In a report titled ”Celent Big League Tables 2012,” Celent ranked key players in the banking technology space and chose TCS BaNCS as leader in Global Core Banking Sales Ranking. In addition, TCS BaNCS also won the XCelent Western Europe ranking for its worldwide Deutsche Bank deal.
In a set of three other reports - “Core Banking Solutions for Large Banks,” “Core Banking Solutions for Midsize Banks,” and “Core Banking Solutions for Small Banks,” respectively, TCS BaNCS emerged no. 1 in Advanced Technology and finished among the Top 3 in breadth of functionality. TCS BaNCS emerged first in the report for Small Banks, second in Large Banks and third in Mid-sized Banks.
Commenting on TCS BaNCS’ growing customer presence in Europe, Bart Narter, author of the report, said, “In a relatively short time, TCS BaNCS registered growth both in Europe as well as Asia-Pacific which contributed to a growth swing in the big banks segment. TCS BaNCS continues to grow strong in technology and their product vision is clearly focused on global leadership.”
N Ganapathy Subramaniam, President, TCS Financial Solutions, said, “We are pleased with this recognition simply because it reinforces our stature as an unrivalled leader in big financial institutions around the world. But what is also heartening is that we are able to demonstrate TCS BaNCS’ scalability under various settings – from the largest to the smallest institution. Our brand promise of ‘Experience Certainty’ is here to be realized by financial institutions of all shapes and sizes.”
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 270 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 Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 238,583 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
TCS Financial Solutions Media Contacts:
Americas, Europe and UK:
Phone: +1 954 423 3560
Phone: +1 732 331 3084
India, APAC, Middle East and Africa:
Phone: +91 80 6725 6963
TCS Media Contacts:
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Phone: +91 22 6778 9999