Tata Consultancy Services (TCS) Reviews, Ratings & Features 2026 | Gartner Peer Insights

Gartner deﬁnes a core banking system (CBS) as the financial institution’s back‐ofﬁce software that performs real-time or end-of-day processing for deposits and loans. Apart from advancing the processing dates, representative capabilities include transaction posting, interest accrual/payment, service charge calculation and cash management (zero balance, target balance). CBSs provide deposit and loan product servicing with interfaces to other applications, such as customer-facing channels, general ledger systems and reporting tools. CBSs can be deployed on the bank’s premises or run from the cloud or any hosted environment. Bank employees and customers either directly or indirectly use the bank’s CBS.
The CBSs of a financial institution’s back‐ofﬁce software perform either real-time or end-of-day processing for deposits and loans. Apart from advancing the processing dates, representative capabilities include transaction posting, interest accrual and posting, service charge calculation and cash management (zero balance, target balance). All these processes and steps imply a business model based on conventional banking principles that imply interest accrual on accounts and profitability from any lending practice. Therefore, CBSs, by definition, implicitly exclude Islamic CBSs that, to the contrary, use Islamic financial tools to back Shariah-compliant business models that require different mechanisms to produce profits.

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Core Banking Systems

TCS BaNCS

Tata Consultancy Services (TCS)

Director of IT

The work with this supplier goes well. The basic product is good and the cooperation is easy.

<50M USD

50M - 250M USD

500M - 1B USD

250M - 500M USD

3B - 10B USD

1B - 3B USD

Gov't/PS/ED <5,000 Employees

10B - 30B USD

30B + USD

Product Manager

Need to have resources assigned with deep Product Knowledge, separate and dedicated resource for Business , Tech , Project Mgmt. Lack of commitment to timelines. Lack of proactiveness and complete Ownership. Poor quality of Testing and code delivery. 

Chief Product Officer

There is allways i way how to solve an issue. Sometimes i would expect more product features and not just solve the issues how the customer want it. This will lead in less issues at the end

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TCS, part of the Tata group, focuses on shaping the future through innovation, technology and the utilization of collective knowledge. It is a multinational organization based in India, with consultants placed in various countries around the world, with notable skills and expertise. They work diligently to provide technology solutions that resolve critical business challenges. TCS is also noted for proactive stances on critical global issues, resulting in recognition in various sustainability indices. It operates within business principles aligned towards achieving sustainable growth.

A purpose-led organization that is building a meaningful future through innovation, technology, and collective knowledge. We're #BuildingOnBelief.

A part of the Tata group, India's largest multinational business group, TCS has over 500,000 of the world√¢‚Ç¨‚Ñ¢s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. 

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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Tata Consultancy Services

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Ratings Overview

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Favorable Review

Desire for Additional Product Features Alongside Effective Issue Resolution

Critical Review

Good product - needs improvement on Service & Support Model

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