Top report recognizes TCS as 2015 Leader in European Banking & Capital Markets Application Outsourcing

Everest Group profiled the TCS service scope, scale of operations, domain investments, delivery footprints, and market success. And recognized TCS for the scale and scope of it’s offering in the Banking and Capital Markets sectors, as well as the strong ability to deliver innovation for large banking organisations.

LONDON | MUMBAI, November 25, 2015: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced that it has been recognized as a “Leader” in European Banking and Capital Markets Application Outsourcing (AO) by leading consulting and research firm, Everest Group, in its report, “IT Outsourcing in European Banking and Capital Markets – Service Provider Landscape with PEAK Matrix™ Assessment 2015.”

Everest Group evaluated the capabilities of 20 banking AO service providers and 18 capital markets AO service providers in Europe and mapped them on its ‘Performance | Experience | Ability | Knowledge (PEAK) Matrix,’ a composite index of several distinct metrics related to a provider’s capabilities and market success. Everest Group recognized TCS for the scale and scope of the company’s offerings in the Banking and Capital Markets sectors, as well as it strong track record of domain investments and ability to deliver innovation, particularly for large banking organisations.

“Banking and capital markets businesses within Europe are facing the twin challenge of delivering innovation, while continuing to drive operational efficiencies in a changing regulatory environment,” commented Susheel Vasudevan, TCS Vice President and Head of Banking and Financial Services. “TCS has a great track record of helping our financial services customersmanage these challenges and we are extremely proud to be recognized as a leader in European Banking and Capital Markets AO. We look forward to building on this success through on-going investment in our technology and domain expertise.”

To view the full TCS Leader position profile in European Banking AO Service Providers by the Everest Group, click here.

To view the full TCS Leader position profile in European Capita Markets AO Service Providers by the Everest Group, click here.

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