TCS ranks #2 in Capital Markets Services software segment by HFS Research

6 Sept 2022 , 03:44 PM

Tata Consultancy Services (TCS) has been ranked number two in the HFS Top 10 for Capital Markets Services. In an assessment of 11 capital markets services providers, TCS was ranked number two for its strategy and vision, and one office alignment, and number three for overall innovation, execution, and voice of the customer.

“Intelligent technologies like AI, ML, blockchain, and cloud are redefining the capital markets landscape, bringing in efficiency, service differentiation and improved customer engagement,” said K Krithivasan, President and Business Group Head, Banking, Financial Services and Insurance, TCS. “This recognition by an independent third-party research firm reflects the immense value we deliver to our customers, helping them build resilient and scalable businesses.”

According to Elena Christopher, Executive Research Leader — Financial Services, HFS, “Capital markets is a fragmented set of sub-markets across the sell-side, buy-side, and market infrastructure enablers. The sub-domains are largely united in their palpable need to modernize their businesses, optimize their processes, and drive some semblance of digital customer experience.

TCS was a leader in our study, securing the #2 position overall, enabled by its end-to-end capabilities across services and capital markets sub-segments - supported by one of the largest global delivery footprints. Its ongoing investments in its capital markets business in terms of local boots on the ground, continued expansion in supporting requirements across CIO and non-CIO buying centers, and its strong innovation and R&D focus enable its role as a strong growth partner for capital markets firms.”

“With our rich experience in capital market services, regulatory knowledge, investments in innovation and research and our advisory, technology, and operations expertise, we are propelling capital market firms towards a secure and boundaryless future,” added K Krithivasan.

At around 3:03 PM, Tata Consultancy Services Ltd is currently trading at Rs3,130 per share down by Rs2.85 or 0.09% from its previous closing of Rs3,132.85 per share on the BSE.

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