K Krithivasan, president of banking and financial services at TCS, also commented:
“We are honored to be recognized as the top technology provider in the global financial services industry for the second year in a row. This ranking shows that for over a decade, our customers and partners have been valuing and rewarding our commitment, industry expertise and continued investment.”
TCS reported that its banking, financial services and insurance services (BFSI) is an area of extensive growth for TCS as companies look to develop new operating models with a focus on rebuilding profitability, optimizing costs and improving efficiency. The company’s product, TCS BaNCS, enables transformation in financial services through solutions for banks, capital market firms, insurance companies, and other diversified financial institutions.
TCS BaNCS continues to grow its customer base with over 25 new client wins in the past year, including key wins in China and the Nordics.