TCS leads Magic Quadrant for International Retail Core Banking 2011

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Tata Consultancy Services (TCS) has announced that the International Retail Core Banking report has placed TCS BaNCS product in the Leaders Quadrant. TCS BaNCS is one of the 20 core banking platforms that were profiled from an original list of 48 candidates.

Gartner defines 'leaders' as vendors that demonstrate strong development methodologies. All of these vendors have a measurable strategy for disaggregating core banking software functionality into component-based constructs. Many vendors possess methodologies for quality assurance or are executing on a strategic road map to attain certification. Most vendors maintain a strong banking market understanding through methodical processes and have extensive marketing delivery and sales channels.

N. Ganapathy Subramaniam, President, TCS Financial Solutions said "Our unwavering focus is on our customers' ever-evolving business needs and on partnering with them to succeed in their respective businesses. We are glad to receive what we believe to be an accolade that reinforces our commitment in making TCS BaNCS functionally rich, compliant to regulations and agile to customer needs."


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