Tata Consultancy Services (TCS) has been positioned as a Leader in Everest Group’s PEAK Matrix® for Banking IT Services1.
According to the report, TCS demonstrates its modernization capabilities across core banking, lending, and payments with proven implementation experience across large banks and regulatory institutions. It further highlights how TCS utilizes a portfolio of proprietary IP, including TCS BaNCSTM, TCS MasterCraftTM, TCS Cognitive Automation Platform, and the COINTM partner ecosystem, across advisory and IT services.
It notes TCS’ expertise in regulatory, compliance, and risk transformation, supported by research-led work in AML and intelligent auditing using AI and ML. The report further says, “It applies outcome-based models incorporating AI-led productivity tools, Global Capability Center setups, and performance-linked pricing in large programs.” It goes on to say that TCS has implemented agentic AI use cases in areas such as dispute resolution, credit underwriting, and call summarization in banking.
“Banking is undergoing a profound transformation — from monolithic cores to composable architectures, and toward AI-led, platform-based models that are reshaping how institutions serve customers, manage risk, and drive growth. TCS brings a unique blend of industry advisory, deep domain expertise, future-ready architectural roadmaps, and engineering-led delivery to help banks navigate this complexity with confidence and transform from the front to the back office. Our rich IP portfolio, AI-at-scale practices, regulatory know-how, and ecosystem integration solutions have been proven across multi-year transformation journeys with leading banks globally, helping them simplify legacy estates, modernize the core, strengthen resilience, and unlock measurable, sustainable outcomes,” said Srinivasa Kumar Yerchuru, Vice President and Global Head, Banking, Financial Services & Insurance, Industry Advisory, TCS. “This recognition positions reinforces our sustained positioning as a trusted advisor and transformation partner to leading banks worldwide.
TCS has been guiding major, small and boutique banks globally through their growth and transformation journeys. It delivers services across the retail, commercial and institutional banking domains. The company’s expertise across the banking domain, operation services, IT applications, and emerging technologies helps create competitive differentiation for clients.
TCS’ rich offering portfolio has helped financial institutions elevate customer experience, reduce technology debt, transform enterprise cognitive capabilities, and adopt emerging technology to transform the business and operating model. The company’s future-ready workforce, delivery strength, commitment, and pedigree in serving diverse clients in this industry vertical makes it a partner of choice to global banks.
“TCS has strengthened its position in banking IT services by supporting banks execute large-scale modernization programs, spanning core platforms, lending, and payments,” said Pranati Dave, Vice President, Everest Group. “Clients highlight its ability to combine advisory-led transformation with delivery across cloud migration, cybersecurity, and AI-enabled modernization initiatives. Its depth of banking domain expertise, investments in IP, and ability to deliver at scale across banking lines of business contribute to its recognition as a Leader in Everest Group’s Banking IT Services PEAK Matrix® Assessment 2025.”
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.