TCS BaNCS first into Corporate Finance Benchmarking

London - 11 March 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 BaNCS the leading Corporate Finance systems developed by TCS Financial Solutions has been entered into the 2008 benchmarking.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “Last year TCS BaNCS really excelled in the Corporate Finance benchmarking and proved to be an outstanding system when marked by the industry panel. The analyst report placed TCS BaNCS at the top of the tree in this sector and we are delighted to welcome this system into the benchmarking. Good systems to support Corporate Finance transactions are hard to find and TCS Financial Solutions has led the way once again in the development of a product that fulfils vital support in the primary market, which is of major importance to financial markets.

The finance industry is under great scrutiny by the regulators after a catalogue of misdemeanours and vibrant systems support has to be considered mandatory. This year the B.I.S.S. Corporate Finance benchmarking will be focusing on client protection as well as featuring how a range of Corporate Finance deals can achieve straight through processing with integration to the back office. We are confident that TCS BaNCS can meet the tough tests set by our panel and gain due recognition by achieving the B.I.S.S. Accreditation.”

Ashok Kumar Panda, TCS Financial Solutions Product Director for Corporate Finance, said: “TCS Financial Solutions has been participating in B.I.S.S benchmarking over the last six years. The benchmark provides our strategic business unit with an exceptional market perspective and TCS Financial Solutions remains dedicated to delivering the most comprehensive and compelling solutions and services for leading financial institutions around the world. The integration of TCS BaNCS modules provides a complete Corporate Finance system with significant operational support to Corporate Finance organizations and to their corporate clients. Turning technology into a competitive advantage, TCS BaNCS helps Corporate Finance Organizations drive revenue growth, reduce total cost of ownership and experience certainty.”

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