TCS BaNCS Islamic Banking helps financial institutions to provide services in compliance with the Sharai’ah principles of Islamic finance, with investment and financing practices that support banking operations in this increasingly competitive market segment.

TCS BaNCS Islamic Banking supports these requirements with a fully-configurable system spanning origination, servicing and fulfilment. Customers using Islamic banking products have the ability to access their funds and information, safely and securely, through multiple delivery channels –face-to-face at the branch, self-service on the web, mobile phone or IVR, and agent-assisted through the contact center.

Although funds are completely separated from conventional banking operations, the customer and the institution still benefit from a complete range of banking services.

Each delivery channel is governed by comprehensive security checks, and accounts are monitored for fraudulent activity by the TCS BaNCS Compliance module, which also provides capabilities for anti-money laundering, real-time credit risk management and transaction monitoring.

TCS BaNCS Islamic Banking provides banks with a single view of customer activities across the enterprise, with workflow rules designed to improve operating efficiencies and optimize total cost of ownership.

TCS BaNCS Islamic Banking is a tested and proven solution, installed at many financial institutions across Asia and the Middle East, as well as their worldwide subsidiaries.

Every installation is aided by the TCS BaNCS roadmap, encompassing market research on industry trends, best practices in risk management, and insights collected from a global customer and prospect base across retail banking, commercial banking, capital markets, trade finance, treasury, insurance, anti-money laundering and compliance.

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