TCS BaNCS helped launch a digital-only bank in five months, with 90-second customer onboarding and seamless integration with the financial ecosystem in the region.
A universal financial solution
TCS BaNCS facilitates transformation for practically every business process within every domain of the financial services industry. The TCS BaNCS suite of products is designed to help financial services institutions enhance end-customer experience, gain operational efficiency, and embrace open and innovative technologies that embody true digital customer engagement. TCS BaNCS products, spanning banking, capital markets, and insurance, are installed in more than 500 financial institutions worldwide.
Premised on the vision of creating frictionless digital financial journeys, the products offer advanced breadth and depth of functionality and are built on a modern, deep technology stack. This ensures that financial institutions of myriad types and industry segments derive high performance from their mission-critical applications securely.
Made available on the cloud, also offered as SaaS, and built on a strong digital core, TCS BaNCS helps banks and financial services institutions become more agile and intelligent by leveraging open technologies and rich ecosystems.
A holistic product suite
Customized solutions across the finance sector
Partner solutions available on TCS BaNCS Marketplace
Consistent benchmark results
A bank in a hypergrowth market transforms its payment landscape with the help of TCS BaNCS, leading to an award-winning implementation story that delivers auto-scaling capabilities to meet transaction volume demands.
Our banking clients serve everyone from high-net-worth households or first-time homeowners to people opening bank accounts through financial inclusion initiatives. Encompassing solutions for payments, transaction banking, treasury, reconciliations, and risk management, our solutions help banks foster rapid growth, innovate at scale, and realize a shared purpose through the TCS BaNCS ecosystem.
TCS BaNCS is used in more than 100 markets globally, across the Capital Markets value chain encompassing asset servicing, brokerage, market infrastructure institutions and custodians. A set of industry-leading products, TCS BaNCS has helped both buy-side and sell-side institutions implement robust, error-proof, STP-enabled processes spanning trade processing, clearing and settlement and portfolio accounting across multiple assets and markets. On the retail and institutional brokerage side, customers have seen breakthrough growth in trade volumes, while being able to handle 100,000+ concurrent users with microsecond response times.
Market infrastructure institutions have been able to combine high performance, low latency, and best-in-class resilience with the agility to introduce new products and multiple asset classes with the TCS BaNCS solution.
TCS BaNCS for Insurance is an end-to-end core insurance solution spanning life, annuity, pensions, property and casualty, reinsurance, and health insurance, and is designed to support every event in the lifecycle of a policy. The solution services over 30 million life, annuity, and pension policies and 135 million property and casualty policies for customers in UK, Australia, New Zealand, South Africa, Middle East, Hong Kong and India.
We selected TCS BaNCS to assist in further streamlining our corporate actions processing and providing near-real time data to Global Custody clients enabling them to make time-critical investment decisions.
