PRESS RELEASE

 

TCS BaNCS selected as Best Clearing and Settlement Solution at the FTF awards 2014

Mumbai,  June 20, 2014: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consultingsiness solutions organization, announced that TCS BaNCS was selected  as Best Clearing and Settlement Solution at the FTF awards for the year 2014. The awards were given away at the awards Dinner on Horn Blower Yacht in New York City on June 16th.

The FTF News Technology Innovation Awards 2014 are presented by Financial Technologies Forum and FTF News. The purpose of these awards is to celebrate and recognize the financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements in operational excellence during the year 2013

“It was a very competitive and record-breaking awards season this year from the nominations process to the close of voting. We had more than 12,000 qualified industry participants involved in the process,” said Maureen Lowe, founder and president of FTF. “It’s a clear demonstration of how important and highly regarded the financial technology service, systems and software providers are to their clients and peers. We congratulate TCS BaNCS for achieving the highest form of excellence in Custody category and we look forward to celebrating on June 16th aboard the Hornblower Infinity yacht.”

"The selection process involved industry heads, customers and thought leaders and we are pleased with the FTF award for Best Clearing and Settlement Solution” said Ashvini Saxena, Head of Americas – TCS BaNCS. "This is the second award that TCS BaNCS won in the capital markets space in the last 8 months and that is a proof point of the product functionality and customer foot print in North America.”

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 delivers 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 ITBPS,infrastructureengineering 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.

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