TCS a Leader in Application and Digital Services in Capital Markets: Everest Group

Mumbai: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, has been positioned as a Leader in the Everest Group PEAK Matrix® for Application and Digital Services in Capital Markets1.

The report highlights TCS’ capabilities across the entire capital markets value chain, its dedicated buy side, sell side and market infrastructure Industry Advisory Groups (IAG), and highly contextualized client-specific market messaging that helped to drive engagements with the capital markets clients. The report also recognizes TCS’ partnership with RegTech firms, investment in creating frameworks and solutions for key use cases and thought leadership across major themes such as LIBOR, UMR, FRTB and SFDR, that have helped TCS prove its services capabilities. TCS’ extensive experience in agile implementation, especially leveraging distributed agile concepts, and its capabilities and investments in cloud technologies have also been underlined as key differentiators.

“In the face of growing competition in the capital markets segment, forward-thinking firms are transforming themselves digitally to respond swiftly to dynamic market demands, enhance customer experience, and stay ahead of the game,” said K Krithivasan, Business Group Head, Banking Financial Services and Insurance, TCS. “We help firms adopt digital technologies to make them future-ready, establish competitive differentiation, and drive growth. This recognition by an independent third-party research firm is a validation of our robust capabilities across the capital markets value chain and the resultant market success.”

TCS offers a full suite of services in the capital markets domain, covering business, digital and IT consulting, application development and maintenance, infrastructure services, cognitive operations, and product implementation. TCS has been driving key transformation programs for its clientele helping them enhance customer experience, provide insights for faster decision-making, and improve operations for superior agility, resilience and scalability.

TCS has also launched new offerings that help its clients generate new revenue streams through multiple direct-to-consumer products and marketplaces, address upcoming risk and regulatory demands like EU ESG regulation and climate risk, improve client experience with a remote online notary, and conversational agents.

“The Capital Markets industry is redefining itself for the next normal by identifying alternative revenue sources to compensate for the loss in fee-based income, enhancing customer experience through digital channels, and leveraging the power of data, cloud, and machine learning for superior stakeholder value,” said Sampada Rahalkar, Practice Director, Everest Group. “TCS has earned a Leader position on Everest Group’s Application and Digital Services in Capital Markets PEAK Matrix® Assessment 2021 based on its contextual knowledge to drive engagements, investments in its proprietary enterprise cloud platform, integrated solution strategy with hyperscalers, wide range of risk and compliance services, solution accelerators for themes such as LIBOR, UMR, FRTB, and SFDR, and demonstrated ability to adopt distributed agile model for large-scale transformation projects.”

“Our unique blend of deep domain and contextual knowledge, investments in innovation and expertise in leveraging ecosystems to develop new reality products and services, make us the preferred partner for capital markets customers,” added K Krithivasan.

1 Application and Digital Services in Capital Markets PEAK Matrix® Assessment 2021, Ronak Doshi, Aaditya Jain, Sampada Rahalkar, Kriti Gupta, Pranati Goswami, Satyajit Roy, Arham Bansal, Divyam Jain, Everest Group, November 26, 2020


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