TCS recognized as 'Leader' in Banking Application Outsourcing by Everest Group

TCS has been recgonized as a Leader in Banking Applications Outsourcing for the fifth consecutive year.

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.

TCS was recognized 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.

“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,” said Jimit Arora, Vice President, Everest Group.

Arora said, “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.

Krithivasan said, “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.”