Source Name: Tata Consultancy Services Ltd.

TCS BaNCS Rated “Best in Class” for Design and Security and Enterprise Support in Online Banking Solutions Report

Nov 26, 2014 16:29 IST

Mumbai, Maharashtra, India

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, today announced that its flagship brand, TCS BaNCS, was listed as “Best in Class” for two categories of Online Banking Solution by CEB TowerGroup analysts. CEB TowerGroup analysts ranked TCS BaNCS as “Best in Class” for Design and Security and Enterprise Support categories among top vendors providing online Banking Solutions around the world.

Commenting on the latest accolade of TCS BaNCS S Samba, Principal Consultant - TCS Financial Solutions said" We are glad to note that our Solution has been recognized as Best in Class for two of the four parameters used to analyze top choices for on line Banking. Our extra sharp focus on Security and Enterprise Support is to ensure our customers’ peace of mind by strengthening their systems all while delivering top quality support”

CEB TowerGroup research director Jason Malo said, “TCS BaNCS emerged as a “Best in Class” performer in two of our four evaluation categories and scored well across the board, demonstrating a solution well-tailored to meet the needs of a rapidly evolving, global digital banking landscape.”

The report commented on Data Security, Business Process support and Customer security capability that protects the end user firm from unnecessary risk. In Enterprise Support, the report highlighted the customer footprint and global presence of TCS BaNCS in addition to our vendor collaboration strategy and methodology which paves the way for strong and deep engagements with customers.

About TCS Financial Solutions:

TCS Financial Solutions is a strategic business unit of TCS. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. Our mission is to provide best–of-breed solutions that drive growth, reduce costs, mitigate risk and offer a faster speed-to-market for our clients. With a global customer base of more than 280 institutions operating in over 80 countries, TCS Financial Solutions deliver state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs.

About Tata Consultancy Services Ltd. (TCS):

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 313,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.