analyst report

 

TCS Recognized as a Leader and Star Performer in Application and Digital Services in Banking by Everest Group

TCS has been recognized as a Leader and Star Performer in Everest Group’s PEAK MatrixTM for Application and Digital Services in Banking.

In an assessment of 27 IT service providers offering Banking application and digital services, TCS was placed highest for both Vision and Capability, as well as Market Impact. Additionally, TCS was named a Star Performer for top quartile performance improvement across several parameters as well as capability advancement.

According to the report, TCS’ sustained momentum in key banking accounts is due to its depth of domain and account-specific insights and organization-wide push to set up offshore agile development centers. The report highlights TCS’ investments in frameworks such as the Machine First Delivery Model (MFDMTM) and attributes its entry into new banking logos to platforms such as ION, Quartz, and BaNCS. The report reveals that clients are appreciative of TCS’ investments in point solutions and proof of concepts (POCs) to address business and compliance pain points. TCS’ investments in building frameworks and accelerators by leveraging emerging technologies such as ML and blockchain are cited as strengths.