For the Fifth Consecutive Time, TCS Marked ‘Leader’ by Everest Group
Tata Consultancy Services announces that Everest Group has marked TCS as a ‘Leader’ in Banking Application Outsourcing (AO) – this is the fifth consecutive time TCs has spelled its leadership. The group has reported in its IT Outsourcing in Banking – Service Provider Landscape with PEAK Matrix™ Assessment 2015: Rise of the Challengers.
TCS was marked for its strategic thought leadership by leveraging deep domain expertise and investments in innovative technologies. Additionally, clients cited TCS’ proactive investments in technology and flexibility in engagements as the company’s biggest differentiators as compared to its peers.
On the eve of this recognition, Jimit Arora, Vice President, Everest Group said, “Banks globally are focusing on a triple mandate of run, manage, and change the bank. In the current environment, customer intimacy, domain expertise, and flexible engagement models are driving success for service providers.” “Deep domain expertise, a strong portfolio of solutions for the banking industry, industry-leading scale, investments in innovative technology, and flexible engagement models helped TCS sustain its position as a Leader on the 2015 Everest Group Banking AO PEAK Matrix.”
“TCS is thrilled to be positioned as a Leader in Banking Application Outsourcing (AO) by the Everest Group for five years running,” said K Krithivasan, President, Banking Financial Services at TCS. “This recognition is a testament to TCS’ commitment to innovation, having launched multiple solutions for evolving needs of banks such as omnichannel integration, regulatory compliance, enhanced customer experience, big data analytics and mobility.”
Everest Group analyzed the capabilities of 30 leading AO providers, specific to the global banking sector. These providers were mapped to Everest Group’s Performance, Experience, Ability Knowledge (PEAK) Matrix, which is a composite index of a range of distinct metrics related to each provider’s capability and market success.
The recognition is in the backdrop of, TCS helping banks to align their technology priorities around cost containment, efficiency, risk and compliance management and IT transformation.
