TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced today that TCS BaNCS has been named Leader in Celentâs âCore Banking Solutions For Large Banksâ report. In its proprietary framework called the Celent ABCD Vendor View that profiled major technology providers across four dimensions, TCS BaNCS is rated at the top in the Advanced Technology, Breadth of functionality and Depth in Client Services categories. TCS Financial Solutions is the only vendor to have been named leader on more than one parameter. The report evaluated more than ten of the top vendors for large global banks in each category.
Commenting on the report, N. Ganapathy Subramaniam, President - TCS Financial Solutions said, âOur vision of providing business success and certainty to our customers through our solutions has again been firmly validated through such an esteemed accolade. This further reinforces our commitment to delivery excellence to customers and prospects throughout the world. We will continue to raise the bar to make TCS BaNCS the Banking Industryâs solution of choice.â
Bart Narter, the analyst and lead author of the report said, âTCS Financial Solutionsâ has gained a lot of ground. Their focus on product engineering and customer centricity are two critical factors that contributed to the success of TCS BaNCS. Specific domain expertise, global presence and the global delivery model continue to be their strengths in all the major markets.â