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TCS recognised in banking apps outsourcing

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CIOL Bureau
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MUMBAI, INDIA: Tata Consultancy Services (TCS), an IT services, consulting and business solutions firm, on Thursday announced that Everest Group, an advisory and research firm on global services, has recognized it as a leader in large banking applications outsourcing relationships.

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Everest Group evaluated leading global IT vendors servicing large, multi-year applications outsourcing engagements specific to the banking sector in terms of delivery capability and market success.

The evaluation was based on the five key dimensions of Everest's proprietary PEAK Matrix- market success, scale, scope, domain investments and delivery footprint.

On an aggregate basis, TCS received the highest scores out of all the service providers in the analysis across both market success and delivery capability.

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“This report reaffirms our position as a global leader and innovator in providing IT services to the banking industry. Our best-in-class application development and maintenance offerings combined with our industry-specific knowledge help our clients enhance their service delivery, client loyalty and overall customer experience,” said K. Krithivasan, Head of Banking and Financial Services at TCS.

“Demonstrating deep vertical expertise is becoming key to service provider differentiation and success in the IT Applications Outsourcing market.” said Amneet Singh, Vice President — Global Sourcing, Everest Group.

He added that TCS’ investments in building industry solutions for the Banking vertical coupled with its industry-leading operating scale and breadth of market coverage have allowed it to establish itself as a market leader for large banking applications outsourcing relationships.