December 20, 2016

TCS recognized as leader in mobility services for global banking for second consecutive year by Everest Group

Report cites TCS investment in expanding solutions stack, strong delivery, talent development as key strengths

New York | Mumbai: 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.”

To view the full TCS Leader position profile in Mobility Services for Global Banking by Everest Group, click here.