TCS Named a Leader in Financial Crime and Compliance Operations by Everest Group
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been positioned as a Leader in Everest Group’s PEAK Matrix® for Financial Crime and Compliance (FCC) Operations.
According to the report, TCS has built capabilities across the FCC operations value chain, which is reflected in its revenue growth.
It goes on to say that initiatives such as the establishment of onsite Centers of Excellence, have helped it enhance its domain expertise.
Cited as key strengths are TCS’ demonstrated trust in its brand, coverage of all lines of business, expanding footprint, and ability to retain its stronghold in North America and APAC markets.
As a result, they are making the shift towards advanced digital technologies and platform-led services to augment their capabilities and proactively protect themselves,” said K Krithivasan, President, Banking, Financial Services and Insurance, TCS.
“This recognition as a Leader by an independent third-party research firm is a testament to our deep domain knowledge and capabilities in helping our customers transform their financial crime controls and compliance function.”
With extensive experience partnering with some of the world’s largest banks, TCS has built unparalleled expertise in financial crime and compliance services.
“With embedded finance and open banking emerging as some of the latest financial models, the need for an ecosystem play is rising,” said Dheeraj Maken, Practice Director, Everest Group.
“Banking on this trend, TCS expanded its portfolio as well as its delivery footprint in AML, surveillance, and fraud management.
As such, it has been identified as a Leader in Everest Group’s FCC Operations PEAK Matrix® Assessment 2022.”
“Our comprehensive suite of FCC solutions, investment in research and RegTech technologies and Machine First™ approach enable us to offer end-to-end services to financial institutions to drive their growth while preventing, detecting and reducing risks of financial crime and fraud,” added K Krithivasan.
recognized as a benchmark of excellence in software development.
TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index.
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