Tata Consultancy Services has secured Gold Accreditation for corporate action functionality in the CityCompass systems benchmarking exercise in two market sectors: fund management and custody.
“Tata Consultancy Services attained a high mark in the benchmark process and were able to prove the rich functionality of their systems to the CityCompass industry user panel and an expert Bloor Analyst,” says Gary Wright, the Managing Director of CityCompass. “Buyers of their system can take comfort from this year’s Gold Accreditation.”
Andrew Chilcott a senior analyst for Bloor Research Financial Services Practice and author of the 2004 BISS Benchmarking report, congratulated Tata Consultancy Services on the “outstanding features of their system”.
N.G. Subramaniam, Vice President of TCS, says he was delighted by the awards. “The efforts put-in by CityCompass for the benchmarking in the Corporate Actions field are commendable and the resultant report published by Bloor Research will be helpful to any company looking to purchase the best Corporate Action systems,” he says. “This award recognizes our investment in NCS and the proven product it is today, it also reflects TCS’s commitment to deliver best-in-class products and services for our customers in this domain.”