Source Name: Tata Consultancy Services Ltd.

TCS Recognized as a Leader in Mobility Services for Global Banking by Everest Group

Report Cites TCS Strong Delivery, Scale, Domain Investment and Innovation as Key Strengths

Dec 28, 2015 17:42 IST

NewYork, United States; Mumbai, Maharashtra, India

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been recognized as a “Leader” in Mobility Services for Global Banking by leading advisory and research firm, Everest Group, in its report, “Mobility Services in Global Banking – Service Provider Landscape with PEAK Matrix™ Assessment 2015: Revolutionizing the Banking Landscape.”

TCS was recognized as a Leader for its industry wide leading banking solutions, end-to-end offerings in mobility, and its portfolio of clients. TCS was also cited for strong delivery, large scale, strong partner ecosystem and Innovation as its key strengths.

Everest Group analyzed the capabilities of 17 leading technology services providers specific to mobility in the global banking sector. These providers were mapped to the Everest Group 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. This report focuses on the landscape of service providers for mobility in banking; assessment of service providers on a number of capability-related dimensions; characteristics of Leaders, Major Contenders and Aspirants on the Everest Group mobility in banking PEAK Matrix; and implications for banking buyers and service providers.

“The Banking industry is experiencing a paradigm shift via the emergence of mobile banking. Banks are providing differentiated customer experience by offering new services in mobile banking and payments,” said Jimit Arora, Vice President, Everest Group. “A mature solution stack augmenting its current banking solutions, a large delivery footprint, a wide partner network, and an ability to cross-sell to its existing clients has positioned TCS as a Leader on Everest Group’s inaugural PEAK Matrix™ for mobility services in banking 2015.”

“TCS is delighted to be positioned as a Leader in Mobility Services for Global Banking by Everest Group,” remarked K Krithivasan, President, Banking Financial Services at TCS. “TCS’ leadership position is the result of our sustained investments towards developing expertise in user experience management, digital technology and building new business models that are driving mobile banking.”

To view the full TCS Leader position profile in Mobility Services for Global Banking by Everest Group, click here.

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 324,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.5 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.

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