Forrester evaluated world-leading banking platform products across 108 criteria
Which were classified under three broad areas â Current offering, Strategy and Market presence. Acknowledging the debut of TCS BaNCS in this wave, the report saidâ TCS FSâ banking platform shows a convincing first-time performance in this Wave evaluationâ.
Under the section, TCS Financial Solutions and TCS BÎ±NCS, the report further highlights,"The banking platform scores highest on functional breadth, having no real functional gaps. Overall functional breath can be described by examples such as core banking, channels, wealth management, securities trading and processing, as well as corporate actions. TCS FS also scores highly on product configuration and multichannel enablement and shows a strong architectural approach offering a broad freedom of application infrastructure choice. With regard to proven scalability, TCS BaNCS is second to none. TCS FSâ product strategy receives high scores.â
Commenting on the report, N.Ganapathy Subramaniam, President, TCS Financial Solutions said: âWe are delighted at the recognition as a leader. It further reflects our positioning as a functionally rich and technically superior financial platform delivering intuitive customer experience and of course transformation certainty.â