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    TCS is here to make a difference through technology.

    Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.

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      We deliver excellence and create value for customers and communities.

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      15 May 2025 TCS Recognized as One of the World’s Top 50 Brands by Kantar BrandZ; Brand Value Soars 28% YoY to $57.3Bn
      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
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      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
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    What we do
    • Overview Press tab for submenu items

      TCS is here to make a difference through technology.

      Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.

      Discover all solutions
    • Industries
      • Banking
      • Capital Markets
      • Consumer Packaged Goods and Distribution
      • Communications, Media, and Information Services
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      • TCS ERP on Cloud
      • ignio™
      • TCS iON™
      • TCS HOBS™
      • TCS Intelligent Urban Exchange™
      • TCS OmniStore™
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      • TCS Tap™
      • Quartz™ – The Smart Ledgers™
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      • Jile™
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  • Who we are
    • Overview Press tab for submenu items

      We deliver excellence and create value for customers and communities.

      Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

      Discover the difference
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      Extraordinary expertise leads to remarkable results.

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      Want to be a global change-maker? Join our team.

      At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.

      Join us
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      • Argentina
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      Find the latest news about TCS in our Newsroom

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      Discover more
    • Press releases

      Recent Press releases

      22 May 2025 TCS to Steer Cloud Migration Program for Finnish Telecom Leader DNA in a Five-Year Partnership
      15 May 2025 TCS Recognized as One of the World’s Top 50 Brands by Kantar BrandZ; Brand Value Soars 28% YoY to $57.3Bn
      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
      View all
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      Recent News

      27 May 2025 TCS Strengthens Focus in the Middle East Region with New Facility in Oman
      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
      View all
    • Analyst recognition

      Recent recognitions

      26 May 2025 TCS Recognized as a Leader in Managed Detection and Response Services by Everest Group
      16 May 2025 TCS Recognized as a Leader in Custom Application Development Services by Everest Group
      16 May 2025 TCS Named a Leader in Application Management Services by Everest Group
      View all
    • Events

      Upcoming events

      16 Jun 2025 TCS at International Paris Air Show 2025
      11 Jun 2025 TCS and PTC Present the North America Leadership Forum 2025
      11 Jun 2025 TCS at UK’s Future of Utilities Summit 2025
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    TCS Named a Leader in the Open Banking IT Services PEAK Matrix® by Everest Group

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    Everest Group Open Banking IT Services PEAK Matrix® Assessment 2024 - Focus on TCS (15 pgs)

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    Tata Consultancy Services’ tool and solutions, its TCS BaNCSTM Marketplace, partnerships with cloud service providers, and extensive subject matter expertise are cited as key strengths

     

    NEW YORK | MUMBAI, August 28, 2024: Tata Consultancy Services (TCS) has been positioned as a Leader in Everest Group’s PEAK Matrix® for Open Banking IT Services1.

    Among the 31 leading service providers assessed in the report, TCS was placed highest for its market impact. Highlighting the broad range of services, the report talks about how TCS leverages AI along with industry-leading tools for GDPR and consent management, and solutions which provide data insights and customer personalization in open banking. It mentions its ecosystem approach that has resulted in the creation of platforms such as TCS BaNCSTM Marketplace, which seamlessly integrates with various banking services to create a comprehensive digital experience.

    Cited as a key strength is the partnerships that TCS has forged with leading cloud service providers such as AWS and Azure, which enhance its open banking offerings through robust cloud-hosted platforms. The report goes on to talk about TCS’ domain expertise in its solutions for SME banking, where it has deployed domain centric platforms serving specific business requirements.

    According to the report, TCS’ talent strategy and investments in upskilling has enabled it to enhance its domain-specific knowledge through initiatives such as open banking influencer programs. It goes on to say that TCS is highly regarded by clients for it strong partnership and extensive subject matter expertise in IT and tailored and effective solutions.

    “The banking, financial services and insurance industry is in an era of rapid innovation. TCS leverages its strong technology and domain expertise combined with its co-innovation network led fintech partnerships, helping clients build their open ecosystem capabilities, that enable them to offer highly contextual customer experiences, take faster financial decisions, drive rapid innovation and unlock new revenue streams,” said Susheel Vasudevan, President, BFSI Americas, TCS. “This recognition as a Leader reflects TCS’ strong vision, continuous investments in next-gen technologies, capabilities, and the resultant market impact.”

    TCS’ open banking services cover API management, next gen microservices, marketplace models, AI infused data solutions and robust security frameworks. Its wider industry experience includes delivering a platform ecosystem under financial wellness and payments, enabling next-gen digital experience for managing personal events and financial planning, creating an API marketplace for retail and commercial businesses, and offering Banking-as-a-Platform to new entrants with financial licenses.

    TCS has established partnerships with fintechs through its Co-Innovation Network™ (COIN™), strategic alliances with API management platform providers and developed joint offerings to accelerate clients’ open banking roadmap implementation. The company also works closely with customers at TCS Pace PortTM, its network of co-innovation hubs spread across New York, Pittsburgh, Toronto, London, Amsterdam, Paris and Tokyo, to accelerate open banking innovation.

    Further, TCS has made significant investments via the TCS Open Banking Innovation Hub, TCS COIN™ network, alliances and partnership with major technology providers, and TCS Rapid Innovation Labs across the world for ideation and co-creation of next generation digital propositions utilizing open ecosystem models and to take the next step into an open economy.

    1Open Banking  IT Services PEAK Matrix® Assessment 2024, Ronak Doshi, Everest Group, 3 Jul 2024

    TCS has established open banking as a strategic initiative (SI) to leverage the power of information sharing through open standards, thereby advancing towards an open data ecosystem that unites industries beyond banking. The SI also focuses on skill development in the areas of API, architecture, and business models via the specially defined curricular called the Open Finance Influencer program to build and scale talent within the organization.

    “The TCS BaNCS Marketplace has exemplified its ecosystem approach, seamlessly integrating various banking services to enhance the digital experience,” said Pranati Dave, Practice Director at Everest Group. “By utilizing tools for GDPR and consent management, along with its solution for in-depth data insights and customer personalization, TCS has strengthened its open banking offerings. Strong client recognition for its partnerships with cloud providers such as AWS and Azure, and domain expertise in SME banking, have earned TCS a Leader recognition on Everest Group’s Open Banking IT Services PEAK Matrix Assessment 2024.”

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