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The rating is a reflection of TCS BaNCS’ long term and strategic partnerships with banks; and its cloud first architecture, ecosystem enablers and interoperability focus/philosophy
NEW YORK | MUMBAI, April 22, 2025: Tata Consultancy Services (TCS) has been rated number 6 globally in Everest Group's Leading 50™ Core Banking Technology Providers 2024 report. In addition, it has been recognized amongst regional leaders in core banking technology across all geographies – NA, APAC, EMEA, and UK&I and amongst those serving credit unions, a feat which very few global tech vendors achieved in this rating.
This report provides an objective and detailed analysis of the core banking technology landscape, helping banks identify the top platforms and assess their functional capabilities. The rating is based on parameters including revenue and customer base, module coverage, innovation and investment, and client geographic coverage.
Venkateshwaran Srinivasan, Global Head, TCS Financial Solutions, said, “We are happy to be rated among the top core banking technology providers, with a strong presence across several geographies. Our strong commitment to product R&D and commitment to not just be a technology supplier but be a trusted partner to our Customers has been reinforced with this recognition”.
TCS BaNCS solutions are predicated on the Digital First, Cloud First philosophy with the outcome being a modern platform in the banking and financial industry in a digital world. The TCS BaNCS Global Banking Platform empowers financial institutions to embrace risks, leverage new and extended ecosystems, and create exponential value. It delivers limitless customer-centric innovations through microservices, a rich library of APIs, and extensions. Integrated with advanced analytics that enables a financial organization to gain a ‘one customer, one enterprise’ view. The platform comprises innovative and adaptive digital apps and a digital core richly enabled for business supporting a wide range of products and services across asset types - assets and liabilities, cash, securities and crypto assets for a wide variety of use cases in the financial services industry.
The TCS BaNCS Global Banking platform is designed to give the customers the experience they are looking for through:
- Advanced core banking with out-of-the-box support for end-to-end lending, savings, deposits, payments, trade finance, fees, and pricing capabilities with a multi-currency ledger solution
- Open banking capabilities to help unlock the new business models of Banking-as-a-Service and embedded finance
- Continuous expansion solutions from the TCS BaNCS Marketplace, aiding an outside-in approach and reimagining customer life events through curated use cases
- Faster tailoring of products and services and quicker time to market
- Cognitive technologies, insight-driven decision making and contextualization
- Benefits of a single-source-of-truth as an Enterprise Data Layer while crafting unique propositions through analytical insights
About the TCS BaNCS Global Banking Platform.
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