Company Name: Tata Consultancy Services
Nature of Business: Global IT Services, Consulting and Business Solutions provider.
Markets and Branches: North America, UK, Continental Europe, Asia-Pacific, Latin America, Middle East & Africa.
Contact Information: Please visit the Contact Us section of our website to find the appropriate contact information for your region.
Key Executives: N Chandrasekaran, CEO & MD; N Ganapathy Subramaniam, President, TCS Financial Solutions
Corporate Overview: Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global businesses. TCS offers a consulting-led integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™. Established in 1968, TCS is now recognized as one of the top 10 technology firms in the world with 137 offices in 42 countries. TCS has clients in 90+ countries, 7 of which are Fortune Top 10 and 49 of which are Fortune Top 100.
Banking and Financial Services is a large part of TCS’ client base, with over four decades of experience handling IT requirements in this sector. TCS has extensive experience working with many of the top global banks in retail banking, commercial banking, mortgages, lending and risk management. TCS has over 250 active clients including 12 of the top 20 global banks with strategic relationships marked over four decades.
With its broad domain experience and in depth technical expertise, TCS works on transformational engagements with banks across the globe, helping to simplifying their IT systems, improve cost to income ratios, deliver real time application processing and help bring new products to market faster.
Key Products and Services:
TCS has product based solutions to address the entire range of financial services. The product offerings from TCS are owned, managed and grown by the TCS Financial Solutions (TCS FS) strategic business unit and they are positioned under an umbrella brand called TCS BαNCS. TCS BαNCS enables transformation in financial services through its holistic suite of solutions. A market-ready universal financial platform, each solution in the suite runs as a scalable, robust component, fully integrated with existing business models, enterprise and technology infrastructures. TCS BαNCS platform encompasses an array of pre-configured, customizable banking, capital markets and insurance products. TCS BaNCS was positioned as a Leader in the Forrester Wave Global Banking Platforms, Q4 2012.
TCS BαNCS is separated into 11 sub products to cover the full range of banking and financial service needs: TCS BαNCS Core Banking, TCS BαNCS Payments, TCS BαNCS Compliance, TCS BαNCS Treasury, TCS BαNCS Securities Trading, TCS BαNCS Securities Processing, TCS BαNCS Lending and Borrowing, TCS BαNCS Corporate Actions, TCS BαNCS Market Infrastructure, TCS BαNCS Wealth Management, TCS BαNCS Private Banking.
TCS BaNCS also scored the #1 position for Advanced Technology and the #3 position for Functional Breadth in “Core Banking Solutions for Mid-size Banks – A Global Perspective”, a 2012 report by Celent.
TCS’ Capital Markets solutions supports 50+ markets across the globe covering the complete life cycle of securities processing with broad coverage of asset classes. TCS serves eight of the top 10 investment banks and two of the top three global custodians. The Capital Market practice supports multiple Centers of Excellence cutting across domain, technology and products that help track industry trends, develop competencies and solution frameworks. Centers of Excellence include Wealth Management, Asset Management, Investment Banking, Custodian, Market Infrastructure, Technology and 3rd Party Products. As well as the Centers of Excellence, TCS has a well-established domain training academy to build competencies across Capital Markets. It also supports a Capital Market focused innovation lab focused on applying emerging technology solutions such as mobility, big data, social media and fraud surveillance within the capital markets.
TCS provides a wide range of retail banking services to some of the world’s largest banks, including account maintenance, funds transfer, time deposits, fraud management and investments/brokerage. TCS also offers account fulfillment embossing, card dispatch, ATM reconnaissance, collections, overdraft and advance management, helpdesk services and service management.
As a market leader in managed services application outsourcing for legacy DDA (Demand Deposit Accounts), account opening and customer information platforms, TCS has extensive experience of working in mission-critical production support, application development and systems integration. The TCS retail banking practice leadership and SME teams are aligned around specific areas – such as mortgages, payments, core processing, cards, and risk management – and focus on developing TCS assets and competencies in these domains, ensuring a high level of industry and technical expertise.
TCS was named a Leader in Gartner’s 2012 Magic Quadrant for International Retail Core Banking.
With banks under growing pressure to deliver increasingly sophisticated services to meet corporate client expectations, there is a high demand for comprehensive corporate product and account management. TCS provides comprehensive strategies and solutions that provide banks with a unified multi-channel view of their corporate customers alongside efficient, intelligent automation of processes to increase profitability and improve customer satisfaction.
Major Projects: TCS has recently been working with top global banks across the world on a wide range of technology and business processing projects including: multi-channel integration, enterprise mobility, payment solutions, lending, regulation and risk management, Basel implementation, platform modernization and big data.
Case Studies: TCS works with more than 250 clients within the banking and finance sector worldwide, including 12 of the top 20 global banks. For specific examples of TCS’ work in this sector, please visit the case studies section of our website.
CSR Activities: In line with our strategic objective to be a responsible corporate citizen, our constant endeavor is to reduce the impact from our operations on the environment. The guiding principle of TCS’ CSR programs is “Impact through Empowerment.” TCS has a diverse range of global CSR initiatives in the areas of education, health and environment: through volunteering, funding and pro bono leveraging of our IT capabilities.