TCS BNCS first into Corporate Finance
Benchmarking
London, UK 11th March 2008 – B.I.S.S. Research, the exclusive research
company offering a unique benchmarking of services and systems in the financial
services sector, today announced that TCS BNCS the leading Corporate Finance
systems developed by TCS Financial Solutions has been entered into the 2008
benchmarking.
Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business
benchmarking concept said “Last year TCS BNCS really excelled in the
Corporate Finance benchmarking and proved to be an outstanding system when
marked by the industry panel. The analyst report placed TCS BNCS at the top of
the tree in this sector and we are delighted to welcome this system into the
benchmarking. Good systems to support Corporate Finance transactions are hard
to find and TCS Financial Solutions has led the way once again in the
development of a product that fulfils vital support in the primary market, which is
of major importance to financial markets.
The finance industry is under great scrutiny by the regulators after a catalogue of
misdemeanours and vibrant systems support has to be considered mandatory.
This year the B.I.S.S. Corporate Finance benchmarking will be focusing on client
protection as well as featuring how a range of Corporate Finance deals can
achieve straight through processing with integration to the back office. We are
confident that TCS BNCS can meet the tough tests set by our panel and gain
due recognition by achieving the B.I.S.S. Accreditation.”
Ashok Kumar Panda, TCS Financial Solutions Product Director for Corporate
Finance, said: “TCS Financial Solutions has been participating in B.I.S.S
benchmarking over the last six years. The benchmark provides our strategic
business unit with an exceptional market perspective and TCS Financial Solutions
remains dedicated to delivering the most comprehensive and compelling solutions
and services for leading financial institutions around the world. The integration of
TCS BNCS modules provides a complete Corporate Finance system with
significant operational support to Corporate Finance organizations and to their
corporate clients. Turning technology into a competitive advantage, TCS BNCS
helps Corporate Finance Organizations drive revenue growth, reduce total cost of
ownership and experience certainty.”
-EndsAbout B.I.S.S. Research
B.I.S.S. Research is an independent company providing analysis of technology
and services of suppliers in the Global financial services industry. B.I.S.S.
Research analysts are all from a business to IT background with a long track
record of procurement in the financial services market place, which enables them
to produce unique and valuable assessments of technology and services and their
value to the supplier and the market place.
For more Information Contact
Cathy Wright
Tel: + 44 (0)207 549 3564
Email: cathy.wright@bissresearch.com
Web: www.bissresearch.com
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to
providing business application solutions to financial institutions globally, TCS Financial Solutions
has compiled a comprehensive product portfolio under the brand name TCS BNCS. Our mission
is to provide best-of-breed solutions that will drive growth, reduce costs, mitigate risk and offer
a faster speed to market for our clients. With a global customer base in excess of 250
institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art
software solutions for the banking, insurance and capital markets industries worldwide. For more
information, visit us at www.tcs.com/bancs
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that
delivers real results to global businesses, ensuring a level of certainty no other firm can match.
TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through
its unique Global Network Delivery Model™, and recognized as a benchmark of excellence in
software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS
has over 108,000 of the world's best trained IT consultants in 47 countries. The company
generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March 2007 and is
listed on the National Stock Exchange and Bombay Stock Exchange in India. For more
information, visit us at www.tcs.com.
TCS Financial Solutions Media Contacts:
APAC: alex.goldrick@tcs.com – Phone: +61 (2) 9318 1088
Europe/UK: patricia.gnehm@tcs.com – Phone: +41 44 832 10 04
Latin America: hugo.gordillo@tcs.com – Phone: +1-305-471-4737