Tata Consultancy Services, the leading IT services, consulting and business solutions organization has been designated a Leader in IT Application Outsourcing (AO) for banking by the Everest Group, an advisory and research firm on global services, in the Everest Group banking AO PEAK Matrix, published in the August 2012.
 
TCS was also the only company in the Leader category to also be recognized as a “2012 Banking AO Market Star Performer.” This distinction is awarded to those providers with the strongest forward movement over time both in terms of market success and capability advancements.
 
The report is part of the Everest Group’s nine-part series of reports focused on AO in BFSI (banking, financial services and insurance industry) in 2012.
 
“As buyers look to navigate business challenges by leveraging technology and outsourcing, leading service providers need to support their key business priorities and adopt a more result-oriented approach,” said Jimit Arora, Vice President, Everest Group
 
“TCS is committed to providing its banking customers with the tools they need for optimized investments, enhanced operational efficiencies, minimized risk and sustained cost leadership,” said K. Krithivasan, President, Banking and Financial Services for TCS.