Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, today, announced that TCS BaNCS was named a Best In Class provider in CEB TowerGroup’s report “Core Banking System for Large Banks.” Authored by Robert Hunt and Phung Phan, this report profiled fourteen core banking systems that power the banking industry globally. TCS BaNCS achieved Best-In-Class Distinction in three of four categories including Customer Centricity, Operational Flexibility and Enterprise Support.
Commenting on the report and TCS BaNCS, CEB TowerGroup Senior Research Director, Robert Hunt, said, “TCS BaNCS received ‘Best-in-Class’ ratings in 3 out of 4 categories of the CEB TowerGroup Core Banking Diagnostic anatomy, reflecting both the breadth and depth of the product’s offering as well as its proven reliability in serving as the central processing engine at some of the largest banks globally. TCS BaNCS’ Relationship Pricing capability also came across as a strong feature in the product demonstration, a pressing need for large financial institutions.”
S Samba, Principal Consultant, TCS BaNCS, said, “This report is yet another validation of our product vision and roadmap that is focused on the customer. Over the years, we have strived to make TCS BaNCS’ functionality expansive and our implementation track record impeccable.