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

PRESS RELEASE

 

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 Ltd. (TCS)
Tata Consultancy Services is an IT servicesconsulting 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,  BPS,  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 300,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 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

Dennis Roman, Chief Marketing Officer

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