Financial institutions around the world are facing revenue and margin pressure on their payments and cash management business resulting from regulatory changes, market evolutions, increasing competition, and financial crisis. With existing silo-based environments leading to high cost of maintenance and persistent service shortfalls, financial institutions need to take a fresh perspective to convert these challenges into opportunities.
TCS BaNCS - Payments, a SWIFT-certified and award-winning STP-oriented solution, enables institutions to efficiently manage payments and cash management needs across multiple markets operating across time zones. With components for correspondent banking, wire transfers, ACH processing, standing order, direct debits, mandate management, checks electronic clearing and cash management, the payments solution from TCS BaNCS is a true multi-product, multi-entity offering that can help institutions realize a centralized payments hub that increases operational efficiency, enables STP and reduces maintenance costs.
The strong parameterization and rule-based features of the solution enables institutions to manage both legacy and SEPA schemes for credit transfers and direct debits on a single platform while offering various value-added services such as format conversion and mandate management to its customers.
TCS BaNCS is built on modern architecture that is based on J2EE framework and has strong capabilities of Service Oriented Architecture (SOA) based integration into an enterprise environment, thereby future proofing the payments solution.
Client Quotes
"TCS BaNCS - Payments, with its modern architecture, has integrated well into the FNB environment. With its integrated payments processing and cash management capabilities the product has helped us in enhancing our offer on the international banking business. The bank duly appreciates the post-operational support services provided by TCS."
-International Banking, Gerrie Butler, COO, FNB
“Collectively, TCS Financial Solutions and Société Générale have successfully built a multi-country, multi-currency European payments platform. The committed effort of both Société Générale and TCS Financial Solutions have provided the bank with a unified European payment offering that consolidates corporate cash activities in Europe. This payments platform provides better quality of service for our customers and assists our bank to rapidly adapt to changing market conditions."
-Société Générale, Thierry Roehm, Head, Corporate Cash Management
To know more about how TCS BaNCS can help you realize centralized payments hub, talk to us at tcs.bancs@tcs.com
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