TCS Financial Solutions Signs Up for the B.I.S.S. 2008 Corporate Actions Systems Benchmarking

B.I.S.S. Research Ltd

London, UK 24th January 2008 – B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced that TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), has agreed to enter TCS BαNCS Corporate Actions into the B.I.S.S. 2008  Benchmarking.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “We are really delighted to see TCS Financial Solutions once again take the lead and enter the Corporate Actions systems benchmarking. Their continued support demonstrates the value of the benchmarking accreditation for corporate actions functionality to the vendor but also it’s increasing recognition to the buyer as the only independent measurement of real technical capability. TCS BαNCS Corporate Actions achieved wonderful results in the 2007 benchmarking and we are eager to see how the enhancements made during the year has increased its capability. The benchmarking panel has always been impressed with TCS BαNCS Corporate Actions and how TCS Financial Solutions has been able to innovate systems solutions to evolving business and industry requirements and this has been reflected in the analyst reports over the last five years benchmarking. We welcome TCS Financial Solutions to the Corporate Actions benchmarking and will be making further announcements shortly.

Ashok Panda, Product Director TCS BαNCS Corporate Actions states: “TCS Financial Solutions continues to deliver product superiority to the world’s leading financial institutions that improve operational efficiency and drive revenue growth. TCS BαNCS Corporate Actions automates the Corporate Actions life–cycle helping financial organisations to deliver the most accurate and timely data to stakeholders. When buyers are looking for a Corporate Actions solution they will be certain to find TCS BαNCS Corporate Actions as the most competitive offering in the market.

About B.I.S.S. Research

B.I.S.S. Research is an independent company providing analysis of technology and services of suppliers in the Global financial services industry. B.I.S.S. Research analysts are all from a business to IT background with a long track record of procurement in the financial services market place, which enables them to produce unique and valuable assessments of technology and services and their value to the supplier and the market place.

For more Information Contact: Cathy Wright, B.I.S.S. Research Ltd 
Tel: + 44 (0)207 549 3564 
Email: cathy.wright@bissresearch.com    
www.bissresearch.com

About TCS Financial Solutions

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name TCS BαNCS. Our mission is to provide best-of-breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients. With a global customer base in excess of 200 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™, and recognized as a benchmark of excellence in software development.

A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 100,000 of the world's best trained IT consultants in 47 countries. The company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March 2007 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.