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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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      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
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    What we do
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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.

      Discover all solutions
    • Industries
      • Banking
      • Capital Markets
      • Consumer Packaged Goods and Distribution
      • Communications, Media, and Information Services
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      • TCS Customer Intelligence & Insights™
      • TCS ERP on Cloud
      • ignio™
      • TCS iON™
      • TCS HOBS™
      • TCS Intelligent Urban Exchange™
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      • Quartz™ – The Smart Ledgers™
      • TCS TwinX™
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    • ignio™
    • TCS iON™
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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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    • Overview Press tab for submenu items

      Find the latest news about TCS in our Newsroom

      Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.

      Discover more
    • Press releases

      Recent Press releases

      02 May 2025 IBM, Tata Consultancy Services and Government of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
      24 Apr 2025 TCS Sponsored Marathons Generate $2.25 Billion for Local Economies and Spark $279 Million in Donations to Charity; Boosts the TCS Brand Globally
      View all
    • News alerts

      Recent News

      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
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      View all
    • Analyst recognition

      Recent recognitions

      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      01 Apr 2025 TCS Positioned as a Leader in Worldwide Discrete Manufacturing Product Lifecycle Management Strategic Consulting Services and Systems Integration by IDC MarketScape
      View all
    • Events

      Upcoming events

      11 Jun 2025 TCS and PTC Present the North America Leadership Forum 2025
      04 Jun 2025 Veeva R&D and Quality Summit: Developing Better Health Outcomes
      19 May 2025 TCS at Sapphire 2025
      View all
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      TCS works hand in hand with world-leading investors.

      Tata Consultancy Services Limited
      NSE:TCS
      INR
      Discover more FY24-25 debrief
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    • Press Release

    TCS a Leader in Open Finance IT Services: Everest Group

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    Tata Consultancy Services’ Business 4.0 Strategy, its Open Banking Influencer Program, and Investments in Innovation and Partnerships, Cited as Key Strengths

     

    PRESS RELEASE

    NEW YORK | MUMBAI, February 24, 2023: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has has been positioned as a Leader in Everest Group’s PEAK Matrix® for Open Finance IT Services[1].

    According to the report, TCS’ Business 4.0 strategy focusing on the rise of digital technologies across industries drives its Open Finance initiative. It goes on to talk about the open banking influencer program established within TCS to scale, train and upskill resources. Cited as a key differentiator is TCS’ dedicated platform for small and medium size customers which is powered by its open finance ecosystem.

    The report said that the firm’s investments in partnerships with Azure, AWS and APIGEE enable it to cater to enterprise needs of cloud-hosted API/ microservices platforms. Also highlighted as strengths are offerings from TCS’ innovation hubs are a reflection of the firm’s alignment to investments in innovation and transformation services.

    “With our deep contextual knowledge and experience in leading innovation in Open Banking, TCS delivers tailored solutions to help clients provide superior customer experiences. Our start-up ecosystem and BFSI innovation labs, have been instrumental in creating next generation Open Finance digital offerings that are helping banking, financial services and insurance firms deliver greater value and create competitive differentiation in the market,” said K Krithivasan, President, Banking, Financial Services and Insurance, TCS. “This recognition as a Leader is a reflection of the breadth and depth of TCS’ expertise in Open Banking and Open Finance and our continuous investment in innovation.”

    TCS has expanded its Open Banking strategy—built on the pillars of Comply, Collaborate, and Compete—to Open Finance to take advantage of opportunities arising from the regulatory and market-driven mandates that are changing the banking and financial services industry. TCS has established a dedicated Open Banking Strategic Initiative which focuses on building business solutions and intellectual property-led accelerators across the three pillars. Solutions include:

    • Pre-built compliance accelerators for Open Banking Implementation Entity (OBIE) in UK, Data61 in Australia along with consent management, third-party provider management and sandbox services.
    • Offering for small and medium businesses to establish and run the business environment utilizing a marketplace and ecosystem.
    • Digital experience for Open Insurance business models.
    • Integrated financial well-being offering with contextual financial management.
    • Open Banking powered compelling mobile experience.
    • API banking reference model with catalogue spanning payments, cards management, corporate banking, and supply chain management.

    TCS’ wider industry experience in Open Finance 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 Bank-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 Ports, its network of co-innovation hubs spread across New York, Pittsburg, Toronto, Amsterdam and Tokyo, to accelerate Open Banking innovation.

    Further, TCS has made significant investments in emerging business models such as embedded finance, Bank-as-a Service, composable banking, API monetization and customer journey reimagination.

    “There is higher focus on innovation through creating intrapreneurship environments within the organization. Additionally, robust production-ready offerings in latest themes, and publishing dedicated thought papers and handbooks have helped TCS gain momentum in open finance with banking and financial service (BFS) enterprises globally,” said Pranati Dave, Practice Director, Everest Group. “Association with industry bodies and creating cost-effective and innovative solutions for clients, with good line of business footprint has helped TCS earn recognition as a Leader on Everest Group’s Open Finance IT Services PEAK Matrix® Assessment 2022.”

    [1] Open Finance IT Services PEAK Matrix® Assessment 2023, Ronak Doshi, Pranati Dave, Kriti Gupta, Apoorva A, Saumil Misra, Keshav R, Kriti Seth, Everest Group, December 9, 2022

     

    ABOUT TATA CONSULTANCY SERVICES (TCS)

    Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

    A part of the Tata group, India's largest multinational business group, TCS has over 613,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com  
     

    TCS media contacts

    Corporate Communications & India

    corporate.communications@tcs.com

    saxena.kritika@tcs.com

    +91 22 6778 9999

    kimberly.solomon@tcs.com

    +91 22 67789098

    Asia Pacific

    y.tham@tcs.com

    +65 9720 9005

    Canada

    tiffany.fisher@tcs.com

    +1 416 456 7650

    Latin America

    alma.leal@tcs.com

    +521 55 2095 6098

    Australia and New Zealand

    kelly.ryan@tcs.com

    +61 422 989 682

    Europe

    roland.bagen@tcs.com

    +46 70 3178024

    Japan

    douglas.foote@tcs.com

    +81 80 2115 0989

    Middle East & Africa

    pragya.priyadarshini@tcs.com

    +971 528656700

    UK

    priyanka.mehta@tcs.com

    +44 7921493382

    USA

    james.sciales@tcs.com

    +1 917 981 7651

    In the News

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    Press Releases

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    Press Releases | 30 Apr 2025   Opens in new tab
    3/4
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    TCS Sponsored Marathons Generate $2.25 Billion for Local Economies and Spark $279 Million in Donations to Charity; Boosts the TCS Brand Globally

    Press Releases | 24 Apr 2025   Opens in new tab
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    Press Releases | 24 Apr 2025   Opens in new tab

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