DEBUG: PAGE=domain, TITLE=Vendor Intelligence Program,ID=194,TEMPLATE=kva

Vendor coverage

Covered vendor profiles within the Vendor Intelligence Program program

programcode = VIP
programid = 112
database = t
alerts = t
neat = f
vendors = t
forecasting = t
confidence = f
definitions = t

Search within: Vendor Intelligence Program:

Access our analyst expertise:

Only NelsonHall clients who are logged in have access to our analysts and advisors for their expert advice and opinion.

To find out more about how NelsonHall's analysts and sourcing advisors can assist you with your strategy and engagements, please contact our sales department here.

Subscribe to blogs & alerts:

manage email alerts using the form below, in order to be notified via email whenever we publish new content:

has Database = t

Contracts Database

for Vendor Intelligence Program

Track the pattern of service adoption by monitoring Vendor Intelligence Program contract awards by your peers. Identify who are the successful vendors this industry now. Updated monthly!

These documents are available to logged in clients that have purchased access to this program.

has Confidence = f -- IGNORED

Service Line Definitions

Contains NelsonHall's BPS service line definitions covering all front-office, industry-specific, and back-office BPS services.

service line definitions

TCS - Transforming Financial Services with Cloud, SaaS, and BPaaS Services

Vendor Analysis

by Andy Efstathiou

published on Jan 18, 2023

Access to this report is restricted to logged in clients with access. Login to get full access

Report Overview:

This NelsonHall vendor assessment analyzes TCS' offerings and capabilities in Cloud, SaaS, and BPaaS services for the banking and financial services sector

Who is this Report for:

NelsonHall’s ‘Transforming Financial Services with Cloud, SaaS, and BPaaS Services’ profile on TCS is a comprehensive assessment of TCS’ offerings and capabilities for the BFS sector, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of Cloud, SaaS, and BPaaS processes and identifying vendor suitability for Cloud, SaaS, and BPaaS services RFPs
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the support services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of TCS’ BFS-focused Cloud, SaaS, and BPaaS service offerings, capabilities, and market and financial strength, including:

  • Identification of the company’s strategy, emphasis, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization including the location of delivery locations.

Key Findings & Highlights:

TCS has been providing services to the BFS sector for five decades. Many of its Cloud, SaaS, and BPaaS clients run mainframe environments, which they are trying to modernize. Large capital markets firms have in-house platforms which are fragmented with geography-specific customization. Overall, clients are focused on improving customer experience and therefore digitizing the last mile. Engagements have revolved around clients’ need to move to a distributed and cloud-native architecture that enables the digitization journey.

The core of TCS’ BFS sector Cloud, SaaS, and BPaaS services are driven by its BaNCS platform, which has three component parts:

  • TCS BaNCS for Banking: solutions for payments, transaction banking, treasury, reconciliations, and risk management
  • TCS BaNCS for Capital Markets: solutions for asset servicing, brokerage, market infrastructure institutions, and custodians
  • TCS BaNCS for Insurance: solutions for life, annuity, pensions, property and casualty, reinsurance, and health insurance.

The TCS BaNCS platform has over 500 installations of one or more of its modules at financial services institutions. Clients are modernizing their legacy platforms and moving to as-a-service delivery of TCS BaNCS solutions to achieve four key objectives:

  • Covering the entire industry value chain and industry-specific cloud solutions to digitize operating platforms
  • Enhancing security on cloud which complies with various international security standards
  • Streamlining operations and improving efficiency
  • Scaling resources rapidly according to the needs of the institution.

Login to get full access:

close