ANALYST REPORT

 

TCS Recognized as a Leader in Banking Application Services by Everest Group

TCS has been recognized as a Leader in Everest Group’s report, “Application Services in Global Banking - Services PEAK MatrixTM Assessment 2018: Spending Picks up as Need for Talent, Transformation, and Time to market Intensifies”.

In its report, the Everest Group classified 25 IT service providers for their banking application services based on their vision, capability and market impact generated.

TCS’ position as a leader is a result of its capability in delivering the vision of the bank-of-the-future coupled with strong thought leadership capabilities. This follows through from TCS’ Business 4.0 philosophy of adopting the ‘embrace risk’ mindset that characterizes it as an enterprise that transforms itself and its services continuously. This has resulted in TCS' ability to offer integrated application services, infrastructure services and business process services, large scale delivery capability and extensive consulting capability with good breadth and depth of solutions/services portfolio.

The report acknowledges that TCS’ significant investments in solutions/IP, products, academic partnerships, and co-innovation efforts are helping fuel growth for their clients. The report also mentions that TCS’ organization level restructuring and renewed region-specific GTM approach is showing initial signs of success in driving growth. Clients commend TCS’ ability to scale quickly, its strong execution capabilities, and flexible pricing models. Clients also appreciate TCS’ investment in driving scaled agile adoption, with digitalization at the top of the strategic agenda.