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TCS Recognized as a Leader in Capital Markets Application Services by Everest Group

Posted On: 2019-01-09 12:36:54

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 the Everest Group PEAK Matrix™ for Application services in capital Markets1.

In an assessment of 27 global service providers offering capital markets application services, TCS was positioned highest for market impact and vision and capability. The report cites TCS' engagements in Agile/DevOps implementation and cloud services as best-in-class examples. According to the report, customers appreciate TCS'delivery focus in driving advanced Agile adoption and see TCS' ability to deliver consistently at a large scale, and its strong technical and domain capabilities as key differentiators.

"Capital markets firms are investing in platforms, cloud computing, and robotic automation to reinvent business models as part of their Business 4.0™ transformation journey," said K Krithivasan, president, Banking, Financial Services, and Insurance group, TCS. "Our positioning as a Leoder in this independent, third-party assessment is a testament to our investments in IP, capabilities, and market success in the capital markets space."

TCS offers a full service play and full stakeholder play across various segments within Capital Markets. The company's services include consulting, application development and maintenance, products, business process outsourcing, and infrastructure. TCS has made significant investments in building domain and technology capabilities, and is now helping customers grow and transform.

Some of TCS' recent key transformation programs within capital markets include building analytics platform solutions for buy and sell side firms, helping migration of applications to a private or public cloud, leveraging artificial intelligence to improve customer experience, and driving digital transformations for multiple wealth management firms. To help customers cope with market and regulatory changes, TCS offers relevant solutions with accelerators in areas like the consolidated audit trail, the LIBOR change, FRTB, and more.

"The capital markets industry is leveraging a platform-based economy to gain efficiency, collaborate with the ecosystem, and create superior experience. Capital market firms are prioritizing costs optimization in their 'run the business' initiatives and channel these savings to their change program," said Ronak Doshi, Practice Director, Everest Group. " Firm-wide restructuring that creates greater focus on a region-specific delivery approach and an industry-oriented GTM opproach are showing significant signs of success for TCS in the capitol markets space. It has made significant investments in solutions/IP, products, thought leadership, and co-innovation efforts that have further fueled growth. Clients cited its abitity to deliver consistently on large scale transformation assignments and flexible pricing models as key differentiators."

"With sustained focus on customer centricity, contextual knowledge, and industry-aligned solutions implemented using Agile methodologies, we are helping capital markets firms increase market share and gain a competitive edge," added Krithivasan.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.1893.05 as compared to the previous close of Rs. 1896.65. The total number of shares traded during the day was 84481 in over 3571 trades.

The stock hit an intraday high of Rs. 1908 and intraday low of 1884. The net turnover during the day was Rs. 159888851.

1 Application Services in Capital Markets - Services Peak Matrix Assessment 2019: Data, Cloud, and Platform Investments to Fuel Innovation and Optimize Costs, Ronak Doshi, Everest Group, November 2018


Source: Equity Bulls

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