New York/ Mumbai, December 19th 2012 - Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, announced that Forrester Research Inc has named its flagship brand TCS BaNCS as a leader among a select group of global core banking software platforms. In its 62-criteria evaluation of global banking platform vendors, the Research firm identified the eight most significant software providers. "The banking platforms of these Leaders all have a very strong pre-integrated product base and sound or even strong multichannel enablement capabilities, platform agility, product strategy, and services and support" cited the report, “The Forrester Wave™: Global Banking Platforms, Q4 2012”.

The author of the report, Jost Hoppermann wrote "TCS BaNCS has a strong current offering and a strong strategy. TCS BaNCS again wins a Leader position with strong multichannel enablement and very strong banking platform functionality with no real gaps."

N. Ganapathy Subramaniam, President - TCS Financial Solutions said "’Any place is a banking place’ paradigm drives our overall product strategy and the sophistication in the functional integration across the business of banking. Simplicity in architecture contributes to the sophistication and ease of integration. We are pleased to note such an evaluation which we believe strengthens our own banking platform conviction and product direction ".

Re-disseminated by The Asian Banker