TCS bags multiple awards at the Asian Banker Technology Innovation Awards 2017

Press Release

 

TCS bags multiple awards at the Asian Banker Technology Innovation Awards 2017

  • Wins  joint awards with IDFC Bank -India, KBZSC – Myanmar
  • Win the Best Core Banking implementation
  • Best Securities Trading implementation
  • Best Vendor Satisfaction categories respectively

SINGAPORE | MUMBAI, JULY 4, 2017: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization announced that IDFC Bank, India and KBZSC Myanmar won the Best Core Banking implementation and Best Securities Trading implementation awards at the just concluded Asian Banker Technology Innovation Awards 2017 in Singapore. TCS also secured a Silver award and was named among the three winners in the Best Vendor Satisfaction category that represented the leaders in the Asia Pacific region.

Citing the work done by IDFC and TCS and the reasons for the win, The Asian Banker said, “IDFC Bank implemented TCS BaNCS to offer innovative and digital services across all business lines. The new system offers electronic know-your-customer account opening within four minutes and several unique features. The bank achieved significant growth in number of customers and multi-fold increase in profit.”

For the Securities Trading implementation winner KBZSC and TCS, the magazine issued the following citation, “KBZSC Securities was among the first five sell-side firms in Myanmar to start trading on the Yangon Stock Exchange. KBZSC Securities achieved great operating milestones in 2016 and Continued to improve risk management practices, KBZSC Securities managed to further mitigate the risk of the entire entity”

The magazine also highlighted TCS’ win amidst a highly competitive category, “Tata Consultancy Services was rated as among the top 3 winners in terms of satisfaction for over 180 projects implemented in 2016. The key parameters in which the company was rated high were functional capability, scalability, support in the region, and plug and play. The Bankers were asked to rate various information technology companies as to satisfaction level for services provided and that information was benchmarked for excellence”

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™ (GNDM), recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 387,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $17.58 billion for year ended March 31, 2017 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at www.tcs.com

For TCS BaNCS news, follow @TCS_BaNCS

For TCS global news, follow @TCS_News.

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