April 25, 2012
TCS BaNCS wins XCelent Customer Base Awards 2012Ranked first in advanced technology and placed among top three in breadth of functionality
Mumbai: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organisation, announced that TCS BaNCS has won two of the 2012 XCelent Customer Base Awards. In a report titled Celent Big League Tables 2012 Celent ranked key players in the banking technology space and chose TCS BaNCS as leader in global core banking sales ranking. In addition, TCS BaNCS has also won the XCelent Western Europe ranking for its worldwide Deutsche Bank deal.
In a set of three other reports Core Banking Solutions for Large Banks, Core Banking Solutions for Midsize Banks, and Core Banking Solutions for Small Banks, respectively, TCS BaNCS emerged number one in advanced technology and finished among the top three in breadth of functionality. TCS BaNCS emerged first in the report for small banks, second in large banks and third in mid-sized banks.
Commenting on TCS BaNCS’s growing customer presence in Europe, Bart Narter, author of the report, said, ”In a relatively short time, TCS BaNCS registered growth both in Europe as well as Asia Pacific, which contributed to a growth swing in the big banks segment. TCS BaNCS continues to grow strong in technology and their product vision is clearly focused on global leadership.”
N Ganapathy Subramaniam, president, TCS Financial Solutions, said, “We are pleased with this recognition simply because it reinforces our stature as an unrivalled leader in big financial institutions around the world. But what is also heartening is that we are able to demonstrate TCS BaNCS’s scalability under various settings — from largest to smallest institution. Our brand promise 'Experience Certainty' is here to be realised by financial institutions of all shapes and sizes.”