Tata Consultancy Services (TCS), a leading global IT services and consulting firm has announced that TCS BaNCS Core Banking has been ranked as the leading core banking solution in China based on its performance in the year 2008 by IDC, a leading provider of global IT research. This is the third year in a row that TCS has been ranked at the top of solutions providers for the financial services industry in China.
An IDC report, China Banking Industry IT Solutions 2009-2013 Forecast and Analysis, July 2009, evaluated all China focused IT solution providers based on revenue and market share for 2008. IDC commented TCS has maintained its momentum and the leading position due to engagements with Huaxia Bank and Bank of Hangzhou.
The report highlights TCS` robust portfolio of business solutions across a range of key segments. In addition to garnering the top slot Core Banking Solution and the second largest business solution provider position in China, TCS BaNCS has been recognized as the second largest Payment and Settlement solution provider, the third largest channel management solution provider as well as the fifth largest channel solutions provider in China.
An IDC report, China Banking Industry IT Solutions 2009-2013 Forecast and Analysis, July 2009, evaluated all China focused IT solution providers based on revenue and market share for 2008. IDC commented TCS has maintained its momentum and the leading position due to engagements with Huaxia Bank and Bank of Hangzhou.
The report highlights TCS` robust portfolio of business solutions across a range of key segments. In addition to garnering the top slot Core Banking Solution and the second largest business solution provider position in China, TCS BaNCS has been recognized as the second largest Payment and Settlement solution provider, the third largest channel management solution provider as well as the fifth largest channel solutions provider in China.
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