ANALYST REPORT

 

TCS Recognized as a Leader and Star Performer in Open Banking IT Services by Everest Group

  • TCS tops among 24 service providers offering Open banking services
  • Named Star Performer for top quartile year-on-year improvement in the scores
  • Key differentiators include investments in talent, IP’s/solutions/accelerators to attack specific open banking themes

In an assessment of 24 leading open banking IT service providers, TCS has been placed highest for its market impact. Additionally, the company has been recognized as a Star Performer for achieving top quartile year-on-year improvement in its scores.

The report highlights TCS investments in talent, IPs/solutions/accelerators for specific open banking themes - such as SME banking, commercial banking and trade management - as key differentiators. TCS investments in building capabilities for API management platforms have helped win platform implementation and support services deals in Europe and North America, according to the report. Customers appreciate TCS responsiveness, continuous communication, ownership-driven culture, and Agile ways of project delivery for complex end-to-end open banking engagements, it adds.