Tata Consultancy Services Ltd. announced that it had been designated as a Leader in Application Outsourcing or AO in capital markets by the prominent advisor on the next generation of global services Everest Group in its reports - 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, it said.
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 twenty 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.
At the BSE, Tata Consultancy Services closed Wednesday's trading at Rs.1,096.75, up by 0.84 percent from the previous close.
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