We are taking you to another TCS website now.

Interview

Capitec Bank in South Africa builds innovative paperless retail bank

Capitec Bank enables banking for the unbanked population with TCS BaNCS

 

Capitec Bank is the leading retail bank known for developing new products and services for the low-to-middle income population. The Bank lacked the technology to enrich the banking experience of retail customers and needed a robust and scalable banking platform. Capitec Bank enlisted the help of TCS BaNCS to develop its paperless, cost-effective core banking solution. With deployment of TCS BaNCS for Core Banking and Payments, Capitec Bank has launched numerous innovative initiatives across multiple client channels, including:

  • An Internet-based platform for simplified and easy account access, including funds transfer between accounts and to other financial institutions
  • A debit card that allows for easy payments at the most popular shops
  • A mobile banking terminal offering transaction facilities without a cash withdrawal function
  • A Capitec Bank card reader installed at retailers, for clients to have convenient access to balances on their bank accounts, which will stimulate overall card usage at merchants
More Like This