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Where adaptability meets advantage

At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.

Adaptability starts here
  • Industries
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Where adaptability meets advantage
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  • Products and Platforms expand here
    • TCS ADD™
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    • ignio™
    • TCS iON™
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    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
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  • Research & Innovation expand here
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  • Alliances
  • We deliver excellence and create value for customers and communities.

    Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

    Discover the difference
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    We deliver excellence and create value for customers and communities.
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    We are a digital transformation and technology partner of choice for industry-leading organizations worldwide.

    Read our customer success stories.
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    View all

    Recent recognitions

    15 Oct 2025 From Technical Liability to Digital Dominance: Plaza Premium Group’s Bold Transformation
    06 Oct 2025 Unlocking the Future: 6G & AI for Telcos
    18 Sep 2025 Emirates NBD Transforms Payments and Reengineers Banking Operations
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    16 Oct 2025 TCS and Infineon Partner to Redefine Digital Experience and Accelerate Sales Growth
    16 Oct 2025 NCVET Selected TCS to Develop a Portal Aimed at Democratizing the Vocational Skill Development Ecosystem in India
    19 Sep 2025 TCS Interactive Opens Flagship Studio in New York City to Drive Innovation-led Experiences
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    What we do

    Where adaptability meets advantage

    At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.

    Adaptability starts here
    • Industries
    • Services
    • Products and Platforms
    • Research & Innovation
    • Alliances
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
    • Artificial Intelligence and Data & Analytics
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
    • TCS AI WisdomNext™
    • TCS Research
    • TCS Pace™
    Where adaptability meets advantage
  • Industries expand here
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
  • Services expand here
    • Artificial Intelligence and Data & Analytics
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
  • Products and Platforms expand here
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
    • TCS AI WisdomNext™
  • Research & Innovation expand here
    • TCS Research
    • TCS Pace™
  • Alliances
  • Who we are

    We deliver excellence and create value for customers and communities.

    Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

    Discover the difference
    • Brand
    • Leadership
    • Community
    • Sustainability
    • Inclusion
    • Values
    We deliver excellence and create value for customers and communities.
  • Brand
  • Leadership
  • Community
  • Sustainability
  • Inclusion
  • Values
  • Insights

    Discover why customers choose TCS

    We are a digital transformation and technology partner of choice for industry-leading organizations worldwide.

    Read our customer success stories.
    • Events
    • Analyst Recognition
    • Global Studies

    Upcoming events

    27 Dec 2025 TCS at Guidewire Connections 2025
    01 Dec 2025 TCS at AWS re:Invent 2025
    18 Nov 2025 TCS is a Gamechanger Sponsor of Microsoft Ignite 2025
    View all

    Recent recognitions

    15 Oct 2025 From Technical Liability to Digital Dominance: Plaza Premium Group’s Bold Transformation
    06 Oct 2025 Unlocking the Future: 6G & AI for Telcos
    18 Sep 2025 Emirates NBD Transforms Payments and Reengineers Banking Operations
    View all
    Discover why customers choose TCS
  • Events
  • Analyst Recognition
  • Global Studies
  • Careers

    Want to be a global change-maker? Join our team.

    At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.

    Join us
    • India
    • Americas
    • Asia Pacific
    • Europe and UK
    • Middle East and Africa
    • India
    • Argentina
    • Brazil
    • Canada
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
    • USA
    • Australia
    • Mainland China
    • Hong Kong SAR
    • Indonesia
    • Japan
    • Malaysia
    • New Zealand
    • Philippines
    • Republic of Korea
    • Singapore
    • Chinese Taipei
    • Thailand
    • Belgium
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Hungary
    • Ireland
    • Italy
    • Luxembourg
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
    • Bahrain
    • Israel
    • Kuwait
    • Qatar
    • Saudi Arabia
    • South Africa
    • United Arab Emirates
    Want to be a global change-maker? Join our team.
  • India expand here
    • India
  • Americas expand here
    • Argentina
    • Brazil
    • Canada
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
    • USA
  • Asia Pacific expand here
    • Australia
    • Mainland China
    • Hong Kong SAR
    • Indonesia
    • Japan
    • Malaysia
    • New Zealand
    • Philippines
    • Republic of Korea
    • Singapore
    • Chinese Taipei
    • Thailand
  • Europe and UK expand here
    • Belgium
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Hungary
    • Ireland
    • Italy
    • Luxembourg
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
  • Middle East and Africa expand here
    • Bahrain
    • Israel
    • Kuwait
    • Qatar
    • Saudi Arabia
    • South Africa
    • United Arab Emirates
  • Newsroom

    Find the latest news about TCS

    Stay up-to-date on all press announcements by TCS

    Discover more
    • News Alerts
    • Media Kit

    Recent News

    16 Oct 2025 TCS and Infineon Partner to Redefine Digital Experience and Accelerate Sales Growth
    16 Oct 2025 NCVET Selected TCS to Develop a Portal Aimed at Democratizing the Vocational Skill Development Ecosystem in India
    19 Sep 2025 TCS Interactive Opens Flagship Studio in New York City to Drive Innovation-led Experiences
    View all
    Find the latest news about TCS
  • News Alerts
  • Media Kit
  • Investors

    Tata Consultancy Services Limited
    NSE:TCS
    INR
    Discover more Q1FY26 Debrief
    • Management Commentary
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    • Insights
    • Global studies

    Capital markets: RiskTech to drive competitive edge

    TCS-Chartis Research – Insights for capital markets

    Report
    Share RiskTech: Enabling Effective Risk Management in Capital Market Firms
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    Industries

    Capital Markets This will open an overlay

    Unlocking Exponential Future Growth in Capital Market Firms

    Capital market firms must build trust through purpose-driven and innovative models to weather disruptions and ensure adaptability and shock-proof growth.
    Learn More
     about Unlocking Exponential Future Growth in Capital Market Firms
    capital-markets-exponential-future-growth
    Related Insights
    TCS BaNCS - Charting the Future of Finance
    With a focus on efficiency and regulatory compliance, TCS BaNCS is empowering the financial services sector to drive innovation, governance, and resilience.
    Article
    15 Oct 2025
    Designing Autonomous Systems for Resilient Market Infrastructure
    As the complexities of market infrastructures rise, autonomous systems with predictive scaling and self-healing help adapt to volatility and stay compliant.
    White Paper
    10 Oct 2025
    TCS BaNCS at SIFMA’s Global Corporate Actions Forum 2025
    The corporate actions event will see TCS BaNCS discuss how tech is reshaping corporate actions processing and will showcase our global securities platform.
    Events
    16 Oct 2025

    Capital markets: Firms lead in the use of RiskTech

    Digitalization has impacted every aspect of the capital markets industry. It has created a new operating environment, with emerging risks such as cyber and IT demanding increased attention from firms. 

    With operational resilience dependent on third party service providers, a variety of risks are emerging, making it difficult for capital markets firms to analyze and understand IT, cyber, and operational risks. Firms have responded by implementing RiskTech in a big way but adoption is not uniform across emerging risks. 

    This report examines RiskTech adoption in capital markets and offers direction to tackle next steps as firms continue on their journey.

    Download the Report
    Key findings: Capital Markets

    Key findings: Capital Markets

    Close
    Key findings: Capital Markets
    Key findings: Capital Markets

    A changing risk environment

    Capital markets firms operate with a simpler technical architecture compared to banks. However, their integration with market infrastructure institutions coupled with substantial outsourcing of operating infrastructure means that their operational resilience is dependent on third party infrastructures. Interconnections with external players in combination with digitalization have intensified IT and cyber risks (nearly nine in ten regard them as ‘highly significant’) as well as supply chain risk.

    Evolving Risks

    Evolving Risks

    Close
    Evolving Risks
    Evolving Risks

    Obstacles in managing emerging risks

    Capital markets firms contend with a plethora of challenges in addressing emerging risks. As with other sub-sectors in the BFSI sector, legacy technology modernization tops the chart followed by operating model challenges related with mutualized infrastructure as well as issues around integrating risk functions with operations.

    Top Challenges

    Top Challenges

    Close
    Top Challenges
    Top Challenges

    RiskTech: now and future

    Capital markets firms struggle with the quantification of emerging risks primarily due to multiple methodologies and vendors. Combined with regulatory ambiguity, this has resulted in a failure to incorporate emerging risk data into operations. While successfully quantifying risks will empower capital markets firms to deal with a variety of strategic problems, there is a dearth of precise direction on post quantification steps.

    Despite the above stumbling blocks, capital markets firms are ahead in the usage of RiskTech, relative to other sub-sectors in the BFSI industry. Except for 2% of firms, all the survey respondents report deployment of the major emerging technologies in some form.

    Now and the Future

    Now and the Future

    Close
    Now and the Future
    Now and the Future

    Notwithstanding overall high usage of RiskTech, adoption is inconsistent and fragmented across risk types—according to our survey, only 36% of firms can be categorized as ‘mature’ adopters. Universal adoption of RiskTech is thus still a distant reality.

    About the research

    TCS and Chartis Research jointly conducted a study of banking, financial services, and insurance (BFSI) organizations on emerging risk types and the role of RiskTech. We surveyed 152 BFSI firms, predominantly large and mid-sized firms, of which 56 were capital markets firms. Our interview respondents included CEOs, board members, chief risk officers (CROs), heads of IT risk and a range of other risk and regulatory leads. 

    To support our quantitative survey, we also conducted more in-depth qualitative interviews of 54 institutions spread across banking, capital markets, and insurance. These institutions are distributed across Europe, North America, and Asia.

    Related reading

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