Everest Group PEAK Matrix Ranks TCS as a Leader in Banking Business Process
Report Cites TCS' integrated Consulting, IT & BPO model and its Bancs Platform
as key characteristics
MUMBAI, India, Oct. 23, 2012
MUMBAI, India, Oct. 23, 2012 /PRNewswire/ -- 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 global
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 Z Neemuchwala, Global Head, TCS BPO.
With a wealth of experience partnering the world's leading banks and financial
institutions, TCS's domain expertise spans span the entire banking lifecycle
and includes originations, transaction processing, default management, and
risk and predictive analytics.TCS' FORE™ transformation methodology, its
BáNCS suite of platform solutions and its Global Network Delivery Model
GNDM™means that TCS is a strategic & proactive growth enabler for its banking
About TCS BPO
Business Process Services (BPO) at TCS is about managing & executing business
operations.Our domain expertise helps deliver core business processing across
industries, analytics & 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 through innovative models such as Platform BPO
which delivers process as a service. With over $ 1.1 B in BPO revenues and
40,000+ employees across 11 countries delivering services to over 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 31 March, 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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SOURCE Tata Consultancy Services
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