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TCS Recognized as a Top Vendor in the Financial Services Industry for the Eighth Consecutive Year
NEW YORK | MUMBAI, September 15, 2015: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced it has been recognized as the leading global financial technology provider in the 2015 IDC Financial Insights FinTech Rankings Top 100. TCS moved into the top position after being ranked second since 2012, and maintaining a top-ten ranking for the past eight years.
“We are extremely proud to be recognized as the top technology provider in the global financial services industry,” said K Krithivasan, President, Banking and Financial Services, TCS. “This is a result of our sustained investment and innovation focused on our customers’ business goals. We would like to thank our customers, who have continued to place their trust in TCS for all these years.”
“We congratulate TCS on reaching the number one position on the 2015 IDC Financial Insights FinTech Rankings,” said Jerry Silva, Research Director for global retail banking research at IDC. “Their continued presence in the top 10 on our rankings demonstrates their success and positive impact on financial services technologies globally.”
TCS’ banking, financial services and insurance services (BFSI) business represented 40 percent of the company’s overall FY15 revenue. The BFSI space continues to be an area of extensive growth for TCS as companies look to develop new operating models with a focus on rebuilding profitability, optimizing costs and improving efficiency. Emerging technology trends such as digital, channel, integration, big data, analytics, and social media continue to play a large part in the success of these new operating models.
TCS’ flagship product, TCS BaNCS, is a globally acclaimed software brand that enables transformation in financial services through a superior and holistic suite of solutions for banks, capital market firms, insurance companies, and other diversified financial institutions. Each solution in the TCS BaNCS family has been designed to fully integrate with existing business models, enterprise infrastructures and technology architectures. Adopted as a platform of choice by financial institutions around the world of all sizes, TCS BaNCS addresses critical industry needs and enables business transformation by providing customers with scalable, customizable, market-ready solutions.
Now in its 12th year, the IDC Financial Insights FinTech Rankings is the industry standard to categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™ (GNDM), recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 387,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $17.58 billion for year ended March 31, 2017 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at www.tcs.com.
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