TCS earns outsourcing accolade

By Freddie Pierce
Tata Consultancy Services (TCS), one of the worlds leading outsourcing firms and the top authority on IT outsourcing, announced today that it has been...

Tata Consultancy Services (TCS), one of the world’s leading outsourcing firms and the top authority on IT outsourcing, announced today that it has been designated as a Leader in Application Outsourcing (AO) in capital markets by a prominent advisor on the next generation of global services.

The Everest Group conducted the report, titled “Application Outsourcing (AO) in Capital Markets - PEAK into the Evolving Service Provider Landscape.” Among the attributes that earned TCS the prominent position are its strong customer base, partnerships with capital markets technology vendors, its extensive portfolio of proprietary solutions for capital markets AO delivery and the capital markets related modules of TCS BaNCS.

The report is part of the Everest Group's nine-part series on AO in BFSI (banking, financial services and insurance industry) in 2011. In this research, Everest Group analyzed the capabilities of over 20 of the most important players in the AO industry in global capital markets. The providers were examined through the lens of Everest Group's PEAK (Performance, Experience, Ability, Knowledge) Matrix - a composite index of distinct metrics focused on provider's capability and market success.

“TCS is the largest among major offshore AO providers examined in our research, and a true industry leader with a strong focus on BFSI and an impressive product portfolio as well as robust technology vendor partnerships,” said Amneet Singh, Vice President, Everest Group. “We are pleased to award TCS this distinction.”

SEE OTHER TOP OUTSOURCING STORIES IN THE SUPPLY CHAIN DIGITAL CONTENT NETWORK

Outsourcing megadeals hit fourth-quarter peak

Top 10 Reasons to Outsource

Check out January’s ‘Best of 2011’ issue!

“We are honored to receive the designation of a Leader in AO in Capital Markets by Everest Group - an organization whose research and analysis in the global services industry has and will continue to inform and guide business leaders around the world,” said Susheel Vasudevan, Vice President & Head of Banking & Financial Services (UK, Europe, Global Capital Markets) for TCS. “As companies globally streamline their processes by leveraging application management and IT investments, TCS will remain dedicated to providing our customers with the products and solutions that help to meet their goals.”

Tata Consultancy Services is an IT services, consulting and business solutions organization that offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.

A part of the Tata Group, India's largest industrial conglomerate, TCS has over 214,000 employees in 42 countries worldwide.

Click here to download Supply Chain Digital’s iPad app!

Share

Featured Articles

Blockchain strengthening links in supply chain

Though use of blockchain solutions in supply chain is still relatively low, Tech Mahindra is among pioneers driving its adoption

Earthquake tech inspired Partsch to invent SCM in 1970s

In the late 1970s, physicist Dr Wolfgang Partsch - the father of supply chain management - used science as the basis for his revolutionary concept of SCM

SaaS bloat 'hitting procurement bottom lines'

Unused SaaS subscriptions are eroding procurement and supply chain bottom lines at a time when inflation means cost cutting is of paramount importance

Cold chain logistics 'flying blind' - Tive & FreightWaves

Technology

Logistics innovation 'hampered by C-suite, cash & staffing'

Digital Supply Chain

Biden appoints new supply chain risk cyber chief

Supply Chain Risk Management