TCS Ranked 6th in FinTech100 as Leading Global IT Provider
For the third year in a row, TCS named top IT provider by American Banker, Bank Technology News and IDC Financial Insights
BAI RDS, Boston Massachusetts/Mumbai, India, November 3, 2009: Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, consulting, business solutions and outsourcing firm, today announced that it has been ranked 6th on the FinTech100, an annual international listing of the top vertical technology vendors that derive more than one third of their revenue from this industry as named by American Banker, Bank Technology news and IDC Financial Insights.
For the third year in a row, TCS has been named in the top 10 on FinTech100. The FinTech 100 ranking is categorized and evaluated based on fiscal year-end revenues and the percentage of revenue attributed to financial services. More than 40 per cent of TCS’ revenues were attributed to banking, financial services and insurance in financial year 2008-09.
"We are pleased that TCS is ranked 6th as a global financial technology provider" said N. Ganapathy Subramaniam, President, TCS Financial Solutions, "Our Global Network Delivery Model, TCS BaNCS product suite and the integrated full services deliver certainty and agility to clients besides being a single source to connect seamlessly with their business around the world."
“Financial institutions know companies on the FinTech100 are global technology leaders, with whom they can form meaningful partnerships” said Jeanne Capachin, Research Vice President, Global Banking and Insurance, Financial Insights. “Ranked consistently in the top 10 on FinTech100, TCS is a leading and trusted IT provider in the global financial services market.”
To view the FinTech Special report, visit www.AmericanBanker.com/fintech100
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 will drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients. With a global customer base of more than 240 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 (TCS)
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services 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 140,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March 2009 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.
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TCS Financial Solutions Media Contacts:
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