TCS BaNCS Analyst Report
Solutions recognised based on market impact, vision, and capability
TCS BaNCS positioned as a Leader in Everest Group’s Wealth Management Products PEAK Matrix® Assessment 2023.
The report assessed 16 leading wealth management technology providers’ vision, solution capabilities, and market impact based on which it categorized them as Leaders, Major Contenders, and Aspirants. TCS BaNCS received the highest scores in technology capability, flexibility and ease of deployment, value delivered, vision and strategy, and support.
The report qualified that the Leaders award winners have extensive coverage across the wealth management value chain and heavily invested in advancing their capabilities by leveraging technologies such as AI/ML, robotic process automation (RPA), and API integrations amid the changing customer demands.
The report highlights following strengths of TCS BaNCS:
TCS BaNCS for Wealth Management has developed integration capabilities in a homogeneous platform architecture to bring down the patchwork required and enable smooth operations.
Provides an end-to-end solution that can be deployed in business process as a service (BPaaS) construct to end customers.
Provides advisor capabilities specific to all segments along with excellent execution capabilities.
Well-established ecosystem of technology partners, such as Microsoft, Oracle, Adobe, and yellow.ai helps to enhance its operational and technical capabilities.
TCS has been investing in wealth technology with the objectives of helping innovate advisors’ practices and building a superior digital customer experience across the entire wealth management spectrum, including mass market and affluent segments that are growing rapidly. Our leadership position in this report reflects our focus on building capabilities that cater to the new age demands of wealth management across a variety of customer segments, giving customers the flexibility to select the solutions they need via a deployment mode of their choice.