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Tata Consultancy Services was recognized for its robust analytics-led, artificial intelligence-powered GRC solutions
LONDON | MUMBAI, May 10, 2024: Tata Consultancy Services (TCS) has been named a winner across five categories in Chartis’ RiskTech100 2024 Ranking and Awards.
As one of 19 new entrants to the ranking, TCS was recognized for the strength of its overall technology stack across data, risk analytics and reporting and the depth and breadth of its solution functionality. The solution categories for which TCS was recognized as a winner include:
“As risk landscapes evolve and regulatory pressures increase, proactive risk management becomes an imperative for financial services firms. With TCS’ artificial intelligence-powered and data and analytics-led solutions, we help our clients build a robust governance, risk, and controls ecosystem,” said Shankar Narayanan, Business Group Head, BFSI – UK, EMEA & APAC, TCS. “The awards are a testament to our investments in innovative RiskTech and RegTech solutions that use cutting-edge technologies to help clients navigate uncertainties confidently and thrive in a dynamic world.”
TCS partners with global financial institutions leveraging its deep domain expertise, digital solutions, and services to drive next generation risk management, delivering customer centricity, business agility and resiliency. TCS’ next-gen RiskTech and RegTech solutions leverage digital technologies such as machine learning, large language models, Generative AI and cloud-based elastic computes, to help clients become risk-intelligent enterprises.
TCS’ comprehensive portfolio of financial risk offerings includes risk advisory, risk decision systems and financial risk modelling, and helps clients transform their credit, market, liquidity, and climate related financial risk management capabilities.
TCS Risk Intelligence and Insights for BFSI helps customers manage integrated eGRC and non-financial risk – operational risk, cyber risk, compliance risk and emerging risks such as conduct, climate risk and AI risks.
TCS Cognitive Assurance Services for BFSI help customers manage the effectiveness of internal controls and drive towards a continuous assurance framework.
TCS RegTech Services for BFSI drive human-guided automations in the core compliance value chain, transforming the compliance function.
Additionally, TCS’ regulatory remediation offerings, enabled by advisory and remediation toolkits, support regulatory remediations and accelerate regulatory remediations in the areas of capital adequacy, stress testing, anti-money laundering, cyber risk regulatory guidelines, and others.
“TCS’ debut in the top third of RiskTech100 reflects its robust approach to risk technology,” said Sidhartha Dash, Chief Researcher, Chartis. “Particularly notable is its success in integrating a range of new and evolving technologies (such as AI, automation and NLP) into risk infrastructure and frameworks, especially in the areas of non-financial risk and control.”