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TCS Recognized as a Global Leader in Card Management and Transaction Processing by Celent | ||
Mumbai, Maharashtra, India Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced that it has been recognized as a Global Leader in the Card Management and Transaction Processing Vendors Part IV: Professional Services Firms report by Celent, a research and consulting firm focused on the application of information technology in the global financial services industry.
Eight professional services firms, eight issuer processors and eleven packaged software vendors were reviewed by Celent, highlighting differences amongst the companies across multiple dimensions such as total revenue in dollars, importance of the Financial Services segment, Cards-related employees, number of Cards clients, particular geographic strength and services focus. The vendors were divided into three categories based on their market presence. TCS was recognized as a Global Leader for its partnerships with clients across areas of the value chain, key imperatives, card products and functions.
“Companies included in our latest research offer a diverse range of card management and transaction processing solutions and services” said Zilvinas Bareisis, Celent Senior Analyst and the author of the reports. “TCS has a large and strong Cards and Payments Practice serving many clients around the world, which is why we recognized it as a Global Leader in professional services.”
“TCS is proud to be recognized as a Global Leader in card management and transaction processing by Celent,” said K Krithivasan, President of Banking and Financial Services for TCS. “This recognition shows TCS’ investment and commitments to upgrading client cards management and transaction processing (CMTP) technologies and capabilities. TCS is delighted with its industry leadership in this space.”
In 2014, Celent kicked off a research effort to understand the landscape of vendors and service providers in card management and transaction processing, with a goal of developing an overview of each vendor’s capabilities, focus areas, market presence and looking at the vendors’ perspectives on industry trends.
About TCS' Banking and Financial Services Business Unit: With over four decades of experience working with the world's leading banks and financial institutions, TCS offers a comprehensive portfolio of domain-focused processes, frameworks, and solutions that empower organizations to respond to market changes quickly, manage customer relationships profitably, and stay ahead of competition. Our offerings combine customizable solution accelerators with expertise gained from engaging with global banks, regulatory and development institutions, and diversified and specialty financial institutions. TCS helps leading organizations achieve key operational and strategic objectives across retail and corporate banking, capital markets, market infrastructure, cards, risk management, and treasury.
TCS has been ranked #2 in the 2014 FinTech Rankings Top 100 of global technology providers to the financial services industry, by both - FinTech Forward™ (a collaboration of American Banker and BAI) and IDC Financial Insights. TCS has also been recognized as a 'Leader' and a 'Star Performer' in Everest Group's 2014 PEAK Matrix reports for Banking and Capital Markets Application Outsourcing (AO).
About Tata Consultancy Services Ltd. (TCS):
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, eng
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TCS media contacts: Global Email: pradipta.bagchi@tcs.com Phone: +91 22 6778 9999
Europe / UK Email: abhinav.kumar@tcs.com | ashish.babu@tcs.com Phone: +32 2282 1927 | +44 078 418 92227
India Email: h.ramachandra@tcs.com | shamala.p@tcs.com Phone: +91 22 6778 9078 | +91 22 6778 9081
USA / Canada Email: b.trounson@tcs.com Phone: +1 646 313 4594
AsiaPacific Phone: +65 9139 3668
Australia and New Zealand Email: alex.goldrick@tcs.com Phone: +61 (2) 8456 2800
Latin America Email: martin.karich@tcs.com Phone: +569 6170-9013 |
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