TCS Financial Solutions signs up for the B.I.S.S. 2008 Corporate Actions systems benchmarking

London - 23 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 BaNCS 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 BaNCS 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 BaNCS 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 BaNCS 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 BaNCS 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 BaNCS Corporate Actions as the most competitive offering in the market.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development