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Bank-in-a-Box

 

Achieve cost-effectiveness with TCS’ Bank-in-a-Box solution that enables banks to launch and expand their businesses while ensuring compliance with the latest regulatory norms.  

TCS Advantage | Our Solution | Benefits | Download PDF

With the envisioning of new banking formats and central bank regulations to reach the unbanked in India, it is paramount that banks, including new entrants such as Non-Banking Financial Companies (NBFCs), be able to set up their businesses quickly and offer the right solutions.

The TCS Advantage

Our extensive experience in the banking and financial sector along with our technological expertise helps you gain a competitive advantage by offering differentiated products and exceptional service to your customers.

The engagement offers:

  • Consistent value: Our domain knowledge stems from decades of experience in meeting the challenges and needs of financial institutions. This helps us deliver solutions that are aligned to industry standards and can grow with your business.
  • Delivery excellence: TCS BaNCS  delivered outstanding results for one of the world’s largest retail banks.
  • Hosted Platform: Bank-in-a-Box is built on TCS BaNCS, which is also offered on a hosted platform, allowing banks to start using the solution immediately.
  • Business Process Services : We provide end-to-end back-office operations for banking and financial services across the entire value chain, catering to your current and emerging business needs.

Our Solution

We leverage our domain knowledge and expertise in IT services, security, networking, core banking, infrastructure and operations, helping you operate in an efficient and cost-effective manner.

  • For each customer, TCS performs due diligence before implementing the solution.
  • The bank can also avail of TCS’ consulting services, leveraging our experience in the banking industry.
  • Bank-in-a-Box is hosted securely by TCS, ensuring confidentiality of data.
  • Periodic audits are performed by third-party auditors to ensure compliance with security standards and regulatory norms.
  • The customer can also outsource back-end operations to TCS, ensuring smooth management of IT issues, upgrades, training, and other support.

Benefits

Bank-in-a Box is designed to offer your bank the following benefits:

  • Ready-to-deploy host environment: Leverage ready infrastructure, skilled resources, and a fully configured set of solutions to start basic banking operations in less than 60 days.
  • Rapid implementation: Go to market quickly with swift implementation of banking services. Our fully configurable solution enables easier development of new services and products.
  • Comprehensive view of accounts: Achieve a 360 degree view of all accounts through seamless integration of core banking and third-party applications such as risk management, Asset Liability Management (ALM), Enterprise Data Warehouse (EDW) and analytics.
  • Increased business focus: Focus on your core business while we provide end-to-end support
    on application management, and IT and business operations
  • Scalable platform: Adopt new technologies quickly with TCS BaNCS’ open architecture. This SOA-based platform facilitates agility, interoperability and scalability helping you comply with the latest regulatory and statutory requirements.
  • Reduced costs: Realize the benefits of a cost-effective solution with negligible capital investment and optimized ROI through our shared services model.

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