On 22nd August, 2020, a leading bank in the Kingdom of Saudi Arabia went live with TCS BaNCS for Corporate Loan Origination during the pandemic.
The implementation covered 20+ independent initiatives, two COVID-19 related enhancements and seven critical programs related to regulatory compliance.
It also included the integration with downstream transaction systems and the on-boarding of new business users/groups to the solution. Further to this, an end-to-end digitization process went operational in a pilot phase in August 2020, ensuring a zero-presence environment for the bank.
The bank appreciated the TCS BaNCS team who successfully carried out the launch with zero on-site presence.