TCS' BaNCS ranked no 1 in China

BANGALORE: The core banking solution of Tata Consultancy Services BaNCS has been ranked as the leading core banking solution in China based on its performance in 2008 by IDC, a global market research and analysis firm specialising in Information technology.

This was the third year in a row that TCS had been ranked at the top of solution providers for the financial services industry in China, an IDC release said on Monday.

"New customer wins on a periodic basis have been central to TCS' success as a leader in this region", Serena Shang, Senior Analyst, IDC China, said.

"TCS BaNCS' capability to scale and address a wide range of financial institutions coupled with their global track record is an attractive proposition. They can consolidate their initial learnings to make faster progress in perhaps one of the toughest markets in the world", she said.