OREANDA-NEWS. December 27, 2012. Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organisation, announced today that it has been designated as a leader in capital markets BPO in the Everest Group report – A PEAK into the Leaders, Major Contenders and Emerging Players of the Capital Markets BPO. Among the attributes that earned TCS the prominent position are its scale, scope of offering and strong technology capability characterised by the company's BaNCS suite of platforms for capital markets, a platform based trade reconciliation solution and its TRAPEZE set of tools.

In this report, Everest Group analysed the position of 14 service providers on the Everest Group PEAK (performance, experience, ability, knowledge) Matrix for capital markets BPO. The PEAK Matrix is a framework to assess the absolute market success and overall capability of service providers. These service providers are divided into three categories – leaders, major contenders and emerging players, based on market success and delivery capability.

“Our research shows that the relatively nascent capital markets BPO landscape is fairly competitive. TCS’s investment in domain capability, technology solutions and process excellence has helped it achieve significant market success and get this recognition," said Rajesh Ranjan, vice president, Everest Group.

“We are honoured to receive recognition for our leadership in capital markets business process services from Everest Group. Our ability to partner with customers to create domain specific solutions that address the current pain-points in the industry, our transformational approach in creating industry utilities and focus on analytics have led to our market success.” said Abid Ali Z Neemuchwala, global head, TCS BPO.

With a wealth of experience partnering with the world’s leading banks and financial institutions, TCS's domain expertise spans the entire banking, capital markets and insurance lifecycle. The company's FORE™ transformation methodology, its BaNCS suite of platform solutions and its Global Network Delivery Model™ enables TCS to be a strategic and proactive growth enabler for its banking customers.