TCS BaNCS’s strong business capabilities, multi-country deployments and partner ecosystem integration cited as a critical factor that contributed to successful payment transformation initiatives which is testament to our capabilities built on cloud-native, microservices based (2024-25)
TCS BaNCS received the highest scores in technology capability, flexibility and ease of deployment, value delivered, vision and strategy, and support. TCS BaNCS Marketplace integrates with FinTechs to enhance its WM capabilities to create a comprehensive digital experience
TCS BaNCS recognized amongst “Top 10” globally in Everest Group's Leading 50TM Core Banking Technology Providers 2024. TCS BaNCS has also been recognized amongst “Regional Leaders” in core banking technology across NA, APAC, EMEA, and UK&I and amongst those serving credit unions.
TCS BaNCS positioned as a "Technology Standout" in Celent's Reconciliation Systems: Solution for Capital Markets Firms report, 2024. TCS BaNCS for Reconciliations is designed to be business agnostic and can be used to reconcile transactions and accountings from any line of business and asset classes
TCS BaNCS won an XCelent Award for "Breadth of Functionality" and positioned as a "Luminary" in Celent report for Retail Banking Core Banking Systems Internation Edition as well as North American Mid-Large Banks Edition
TCS designed, built, and tested a new Open Banking platform. The new platform leverages TCS BaNCS’ open banking APIs specifically developed for the Australian market and its knowledge and experience building similar banking and customer APIs for global clients
TCS BaNCS positioned as a "Luminary" and won an XCelent award for “Advanced Technology” in Celent’s “Small Business Banking Platforms North America - Solutions For Community Financial Institutions”
TCS BaNCS positioned as a "Technology Standout" and won an “XCelent Technology” award in Celent’s “Retail Digital Banking platforms: North American Edition – Solutions for Community Financial Institution”. Customers rated high across, implementation, support, upgrades, technology, & integration
TCS named as a Leader in the Open Banking IT Services PEAK Matrix® by Everest Group. TCS BaNCS Marketplace, partnerships with cloud service providers, and extensive subject matter expertise are cited as key strengths
Omdia quotes “TCS BaNCS is a very strong core banking product that has a broad and rich set of functionalities to meet the needs of a diverse range of banks, particularly a universal bank that has to manage multiple lines of business” (2023)
TCS BaNCS Marketplace quoted as a Strength in Everest Group’s Wealth Management Products PEAK Matrix® Assessment 2024. TCS BaNCS’ robust partnership ecosystem approach, materialized as TCS BaNCS Marketplace, integrates with FinTechs such as Adobe, eMudhra, Gieom, Moxo, and Yodlee for enhancing its WM capabilities to create a comprehensive digital experience (Source: Wealth Management Products PEAK Matrix® Assessment 2024, Ronak Doshi, Pranati Dave, Kriti Gupta, Kriti Seth, Pooja Mantri, Oct 2024)
TCS BaNCS Marketplace cited as a “Strength” in Everest Group's report which positions TCS as a Leader in Open Banking IT Services PEAK Matrix Assessment 2024 (Source: Everest Group, Open Banking IT Services PEAK Matrix Assessment 2024, Ronak Doshi, Pranati Dave, Apoorva, Saumil Mishra, Ayan Pandye, Jul 2024) (Link to the PR)
Everest Group quotes “TCS BaNCS Global Banking Platform along with its TCS BaNCS Marketplace partner ecosystem and innovation hub, provides a suite of products and services spanning various asset classes such as assets and liabilities, cash, securities, and crypto assets. It empowers financial institutions to craft and deliver contextual CX” (Source: Future-ready Customer Experience Management (CXM): Trends Driving BFSI Industry, Everest Group, David Rickard, Chhandak Biswas, Aman Birari, Nimish Sharma, June 2024)
Recognizing TCS BaNCS’ wider impact on partners and the ecosystem that complements its existing payment hub strengths, the Omdia Universe: Payment Hubs report highlights the TCS BaNCS Marketplace, which provides customers with access to more than 25 partner solutions in the payments space. (Source: Omdia, Omdia Universe: Payments Hubs, 2024-25, Ouliana Smith, Oct 2024)
TCS BaNCS Marketplace cited as a Strength & Differentiator for having an Extensive Partner Ecosystem (over 100+ partners) in Celent's Small Business Digital Banking Platforms: International Edition (Source: Celent, Small Business Digital Banking Platforms: International Edition, Alenka Grealish, Jan 2023)
TCS BaNCS Marketplace featured as an Ecosystems Enabler for supporting an outside-in approach and incorporation of curated use cases from fintechs/partners to drive innovation and monetization in Celent's Retail Banking Core Banking Systems North American Mid-Large Bank Edition report (Source: Retail Banking Core Banking Systems: North American Mid-Large Bank Edition, Craig Focardi, Daniel Mayo, May 2023)
TCS BaNCS Marketplace cited as a "Strength" in Omdia Universe: Cloud-based Core Banking, 2023 Omdia states: TCS BaNCS is seen increasingly as a provider of end-to-end banking services but is also focusing on its marketplace with a growing number of partners in its ecosystem. This contributed to high scores in both its broader platform capability and partners/ecosystem capabilities. (Source: Omdia, Omdia Universe: Cloud-based Core Banking, 2023, Philip Benton, Ouliana Smith, Aug 23)
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