At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.
We deliver excellence and create value for customers and communities - everyday. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.
Point of views, research, studies - on the latest themes - to help you expand your knowledge and be future ready.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
You have these already downloaded
We have sent you a copy of the report to your email again.
Tata Consultancy Services’ Leadership in ESG Services, End-To-End Risk and Compliance IT Services, and Investments in In-House IP, Cited as Key Strengths
NEW YORK | MUMBAI, February 14, 2023: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been positioned as a Leader in Everest Group’s PEAK Matrix® for Risk and Compliance in BFS IT Services[1]
Of the 26 leading IT service providers assessed in the report, TCS was placed highest for its vision, capability, and market impact. The report calls TCS a leader among peers in ESG with a dedicated COE, forward-looking vision, thought leadership and GTM strategy, and 14 sustainability services with proven client success. Cited as key strengths are TCS’ end-to-end risk and compliance IT services across domains such as financial risk management, financial crime compliance, non-financial risk management and emerging risk themes. It further mentions that TCS has made holistic investments with the right mix of in-house intellectual property/ frameworks/ tools and alliances with RegTechs, fintechs and data platforms.
The report states that TCS has created a differentiation in the market with innovative engagement models such as partnering and co-innovating with clients, flexible delivery, and commercial models. It highlights that TCS has demonstrated success in delivering large complex solutions for BFS clients across ESG, sustainability, financial crimes management, governance, and regulatory compliance.
“Technology enables banking, financial services, and insurance firms to look at risk and compliance with a new lens. It provides insights into interconnected threats and helps set up robust defense against them. TCS, with its extensive experience in risk and compliance management, has built innovative digital and data powered solutions that help enterprises advance their business strategy securely and stay one step ahead in the game,” said K Krithivasan, President, Banking, Financial Services, and Insurance, TCS. “This recognition as a Leader is a testament to our comprehensive set of risk and compliance services and solutions and unmatched advisory capabilities that help clients tackle challenges, while proactively managing compliance requirements.”
To cope with the new changing geopolitical scenarios, soaring commodity prices, energy crisis, high inflation, potential resurgence of the pandemic in certain parts of the world, and rising interest rates, financial institutions need to build enhanced resiliency and upgrade their risk management infrastructure.
TCS’ risk and compliance experts create assets and accelerators keeping latest industry trends and customer needs in mind. The company’s offerings span:
“The banking and financial services (BFS) enterprises are looking to transform their IT and technology systems in response to emerging risks and increasing regulatory pressures. This is due to increased cyber-attacks, supply-chain disruptions, macro-economic changes, and new customer engagement models. The BFS risk and compliance IT services market is poised to remain strong as firms try to gain tighter and securer control of their data estate, build agile risk assessment models, and comply with ESG mandates,” according to Kriti Gupta, Practice Director, Everest Group. “TCS provides a vast portfolio of risk & compliance solutions/IP for the BFS industry and has developed a robust partnership ecosystem with RiskTechs and RegTechs. They have made technology investments, build thought leadership assets, developed a strong offerings portfolio, and dedicated GTM for emerging areas such as ESG, metaverse, and cybersecurity. They offer differentiation through innovative engagement models such as co-innovation with clients, flexible delivery, and commercial models. This has helped them consolidate their position as a Leader on Everest Group’s Risk & Compliance in BFS IT Services PEAK Matrix® Assessment 2022.”
“With our investment in innovation, deep domain knowledge and wide portfolio catering to the entire risk and compliance value chain, TCS is helping clients transform their risk practice and seamlessly navigate complex business environments towards growth and better performance,” added K Krithivasan
[1] Risk and Compliance in BFS IT Services PEAK Matrix® Assessment 2023, Ronak Doshi, Everest Group, December 8, 2022
The Norwegian University of Science and Technology (NTNU) is a university with an international focus, with headquarters in Trondheim and campuses in Ålesund and Gjøvik. NTNU has a main profile in science and technology, a variety of programmes of professional study, and great academic breadth that also includes the humanities, social sciences, economics, medicine, health sciences, educational science, architecture, entrepreneurship, art disciplines and artistic activities.
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
corporate.communications@tcs.com
+91 22 6778 9098
y.tham@tcs.com
+65 6372 4822
tiffany.fisher@tcs.com
+1 416 456 7650
alma.leal@tcs.com
+521 55 2095 6098
francesca.newby@tcs.com
+61 414 902 440
roland.bagen@tcs.com
+46 70 3178024
douglas.foote@tcs.com
+81 80 2115 0989
pragya.priyadarshini@tcs.com
+971 528656700
priyanka.mehta@tcs.com
+44 7921493382
andrew.corcione@tcs.com
+1 646 617 8221
TCS and Cisco Launch Center of Excellence for Autonomous Enterprise to Reimagine Operations
TATA Group and OpenAI forge foundational partnership to advance AI transformation in India and globally
TCS and AMD to bring state-of-the-art ‘Helios’ rack-scale AI architecture to India
TCS hosts AI Hackathon for 10,000 non-engineering students to boost India’s AI fluency