Report Cites TCS Investment in Expanding Solutions Stack, Strong Delivery, Talent Development as Key Strengths
NEW YORK | MUMBAI, December 20, 2016: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in Mobility Services for Global Banking by leading advisory and research firm, Everest Group, in its report, “Mobility Services in Global Banking – Service Provider Landscape with PEAK Matrix™ Assessment 2016: A New Paradigm.”
TCS was recognized as a Leader for its strength in execution by large delivery network, broad technology portfolio, investment in labs, design studios, talent development, partnerships, solutions, and accelerators. TCS was also cited for demonstrating value to clients through design thinking led use cases and ability to leverage its existing IP to deliver mobility services.
Everest Group analyzed the capabilities of 21 leading technology services providers specific to mobility in the global banking sector. These providers were mapped to the Everest Group Performance, Experience, Ability, and Knowledge PEAK Matrix, which is a composite index of a range of distinct metrics related to each provider’s capability and market success.
“As banks continue to focus on providing differentiated customer experience and advanced mobile functionalities, they are integrating legacy systems with mobile platforms and investing in nimble digital strategies,” said Jimit Arora, Partner, Everest Group. “Proven execution capabilities, strategic client relationships, breadth of solution portfolio, and significant IP investments have positioned TCS as a Leader on the 2016 Everest Group’s PEAK MatrixTM on mobility services in banking.”
“TCS’ continued investment in building talent, developing proactive solutions and growing key partnerships, enables us to provide innovative mobile banking offerings to global customers,” said K Krithivasan, President, Banking Financial Services at TCS. “We are proud to have retained a Leaders position for the second consecutive year in the Everest Group's PEAK Matrix for Mobility Services in Global Banking.”
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, BPS, 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 371,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at www.tcs.com