Forrester Research Inc, a leading Industry research firm, has identified TCS BaNCS as Leader in a report entitled “The Forrester Wave™: Global Digital Banking Platforms, Q3 2018.” Covering the ten most significant solutions that are at the market place, the report researched, analysed and scored how each of the platforms measure up against 40 criteria and helps bankers make the right selection for their financial institution.
The report, authored by Jost Hoppermann, VP and Principal Analyst, mentions the following highlights: “TCS and its TCS BaNCS banking platform convince with current offering and strategy. (…) TCS BaNCS is second to none when it comes to live scalability. It belongs in the top tier in this Forrester Wave for the number of countries with existing localization. (…) TCS BaNCS is well suited for small and medium-sized banks, and live examples show that tier 1 and tier 2 banks also get value from TCS BaNCS and its components — proven by the recent go-live of Zions Bank in the US and client feedback like, ‘They stand out from vendors with whom we work’.Earlier the report stated that TCS BaNCS shows broad plans for functional, technology, and architectural enhancements for an 18-month period. Road map items include enhancements for retail, corporate, and business banking and a focus on enabling banking ecosystems, containerization, and app stores.”