Tata Consultancy Services
INFORMATION TECHNOLOGY
Everest Group PEAK Matrix Ranks TCS as a Leader in Banking Business Process Outsourcing
Mumbai, October 23, 2012: Tata
Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services,
consulting and business solutions organization, announced today that it has been
designated as a Leader in Banking BPO in the Everest Group report, A PEAK into
the Leaders, Major Contenders and Emerging Players of the Banking BPO
Markets. Among the attributes that earned TCS the prominent position are
its scale, the number of large banks in its client base, robust technology
capabilities and a global delivery footprint.
In this report, Everest Group analyzed the position of 12
service providers on the Everest Group Performance | Experience | Ability |
Knowledge (PEAK) Matrix for Banking BPO. These service providers are divided
into three categories based on performance: Leaders, Major Contenders and
Emerging Players. The PEAK Matrix is a framework to assess the absolute matrix
success and overall capability of service providers.
“With continued investments in the financial
services sector (organic and inorganic), a strong client list and a robust
portfolio of offerings, TCS emerged with top quartile performance across both
market success and capability measures in our banking BPO PEAK assessment,” said
Saurabh Gupta, Vice President for BPO Research, Everest Group.
“We are honored to receive recognition for our leadership
in banking business process services from Everest Group. Our investment in the
banking domain, expertise in banking process transformation and focus on
analytics in the area of risk, fraud and customer relationships are helping our
financial services clients improve process efficiencies, business effectiveness
and regulatory compliance,” said Abid Ali Neemuchwala, Global Head, TCS’ BPO
Services.
With a wealth of experience partnering the world’s leading
banks and financial institutions, TCS’ domain expertise spans the entire banking
lifecycle and includes originations, transaction processing, default management,
and risk and predictive analytics. TCS’ FORE™ transformation methodology, its
BaNCS suite of platform solutions and its Global Network Delivery Model™ (GNDM™)
means that TCS is a strategic and proactive growth enabler for its banking
customers.
About TCS’ Business Process
Services
TCS’
Business
Process Services are about managing and executing business operations. Our
domain expertise helps deliver core business processing across industries,
analytics and insights, and support processes such as accounting, HR and supply
chain management. TCS partners with customers to accelerate co-transformation
and generates business value for customers through delivery excellence, risk
management and innovative models such as Platform BPO, which delivers process as
a service. With over $1.1 billion in BPO revenues and 40,000+ employees across
11 countries delivering services to more than 200+ customers, TCS is one of the
leading global domain-based BPO providers.
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, BPO,
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 254,000 of the world’s best-trained
consultants in 42 countries. The company generated consolidated revenues of US
$10.17 billion for year ended March 31, 2012 and is listed on the National Stock
Exchange and Bombay Stock Exchange in India. For more information, visit us at
www.tcs.com.
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