Zions Bank reaches milestone with TCS BaNCS Core Banking project
January 15, 2015
As published in IBS Intelligence
Utah-based Zions Bancorp, a large regional bank, is now 18 months into a project aimed at standardising on the TCS BaNCS Core Banking system across eight subsidiary banks. The bank is implementing the latest release of the system, version 14.
The core systems implementation effort began in 2013, and is expected to span five to seven years. The transformation, dubbed Future Core, has been divided into three stages: consumer lending, commercial lending and deposits. ‘We have now completed the consumer lending specifications, and are nearing completion of the commercial banking specifications, with this expected to finish in the next two or three months,’ says Aaron Schlenz, the bank’s senior vice-president, core programme management.