India's Tata Consultancy Services,a global IT services, consulting and business solutions organisation, today said it has been recognised as Leader in Global Capital Markets Application Outsourcing for the sixth consecutive time. TCS was recognised for its comprehensive suite for capital markets application services and significant expansion in its operations capabilities, driving cost effectiveness and productivity in its engagements, the company said in a statement. The recognition was given in the Everest Group report that analysed the capabilities of 27 leading Application Outsourcing (AO) providers, specific to the global capital markets sector. These providers were mapped to Everest Group's Performance, Experience, Ability Knowledge (PEAK) Matrix, which is a composite index of a range of distinct metrics related to each provider's capability and market success. "Beyond a relentless push on cost containment, capital markets firms are adopting disruptive business models, mutualizing costs through shared utilities, and investing in digital technologies to stay ahead of competition," said Jimit Arora, Partner, Everest Group. "We are proud to be recognized as a Leader in Everest Group's PEAK Matrix Global Capital Markets AO 2016, for the sixth year in a row," said Susheel Vasudevan, Vice President and Head of Banking and Financial Services, TCS.
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