TCS BaNCS recognized as the number 2 top selling Universal Banking system in Global Sales League Table

PRESS RELEASE

 

TCS BaNCS recognized as the number 2 top selling Universal Banking system in Global Sales League Table

MUMBAI, June 5, 2018 - Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization announced that its flagship product TCS BaNCS was ranked the number two best-selling Universal Banking system by UK based IBS Intelligence. The IBS Sales League Table is the definitive banking industry list of which vendors across the globe have sold the largest number of core systems.

The 2018 Sales League Table ranks 51 suppliers’ sales, profiling 1078 system purchases, made by 917 banks, in over 124 countries, across 10 system categories. Commenting on the IBS ranking, V Ramkumar - Senior Partner IBS and SLT panel member said, “The Banking industry's most exhaustive and reliable guide for purchase decisions is built upon rigor and diligent research, and we found TCS BaNCS to be consistently raising the bar in delivery excellence and product capability over the past many years. Banking industry is a conservative marketplace and it is tough to stay at the top over a long period of time.”

"Our mission is to enable Banks to rapidly adapt to the evolving Business 4.0 environment by providing a robust digital banking platform across retail, private & corporate banking segments. TCS BaNCS, as a component-by-design solution since its inception, is a Cloud based platform with comprehensive capabilities that enable banks to fully exploit opportunities in the market where experience is fast becoming the key differentiator.

TCS BaNCS is partnering several financial institutions globally on their digital transformation journeys by providing seamless integration with open banking standards, insightful analytics and the ability to tailor the digital experience for their end customers.” said Venkateshwaran Srinivasan, Head - TCS Financial Solutions.

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. With a global customer base of more than 370 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, capital markets and insurance industries worldwide. For more information, visit us at http://sites.tcs.com/tcsbancs.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 394,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

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TCS Financial Solutions Media Contacts

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