TCS recognised as leader in European Banking and Capital Markets Application Outsourcing Services

TCS helps businesses operating in capital markets and banking industries optimise investments, enhance operational efficiencies, minimise risk and maintain competitive pricing.

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, today announced that it has been recognised as a Leader in banking and capital markets Application Outsourcing Services (AO) in Europe by leading advisory and research firm Everest Group in two reports; Everest Group PEAK Matrix: European Banking IT Outsourcing Service Providers’ Assessment 2014 and Everest Group PEAK Matrix: European Capital Markets IT Outsourcing Service Providers’ Assessment 2014.

TCS helps businesses operating in capital markets and banking industries optimise investments, enhance operational efficiencies, minimise risk and maintain competitive pricing. In both its banking and capital markets IT outsourcing reports, Everest Group praised TCS’ scale, scope and domain investments, which were recognised as a major contributor to the company’s success.

Jimit Arora, Vice President, Everest Group, commented: “The European banking industry has seen a strong return in discretionary spending in areas such as application development for customer centricity, digital technologies, and regulatory compliance. Demand for IT outsourcing grew within capital markets in Europe as firms leveraged technology for regulatory compliance, to cut costs and drive efficiency. TCS’ Leader position reflects its comprehensive offering and ability to deliver effectively for clients.”

Susheel Vasudevan, Head Banking and Financial Services, TCS, commented: “It feels special to be once again recognised as a ‘Leader’ in European Banking and Capital Markets Application Outsourcing Services by Everest Group. This recognition highlights the strong market success and continued domain investments we have made in the financial services industry. We work closely with our financial services customers, helping them to drive efficiencies and embrace the changes required in this new digital era.”

Source: TCS recognised as leader in European Banking and Capital Markets Application Outsourcing Services 

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