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    TCS is here to make a difference through technology.

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      TCS is here to make a difference through technology.

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      15 May 2025 TCS Recognized as One of the World’s Top 50 Brands by Kantar BrandZ; Brand Value Soars 28% YoY to $57.3Bn
      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
      12 May 2025 TCS Partners with Dhofar Insurance Company to Transform its Core Insurance Platform
      View all
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      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      01 Apr 2025 TCS Unveils the TCS Digital Twindex Report for Future-Ready Manufacturing
      View all
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      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      01 Apr 2025 TCS Positioned as a Leader in Worldwide Discrete Manufacturing Product Lifecycle Management Strategic Consulting Services and Systems Integration by IDC MarketScape
      View all
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    • Press Release

    TCS BaNCS Transforms Payments Operations at MUFG – Japan’s Largest Bank

    Share TCS BaNCS Transforms Payments Operations at MUFG – Japan’s Largest Bank
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    TCS BaNCS will Help MUFG Bank Consolidate Operations, Drive Innovation and Support Future Growth

    SINGAPORE | MUMBAI, December 20, 2018: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, announced that it has successfully implemented a Regional Payments Hub – powered by TCS BaNCS for Payments – for MUFG Bank, Japan’s largest financial institution.

    Ranked by Bloomberg as the eighth largest bank in the world, MUFG Bank has an extensive branch network throughout Japan and fifty other countries. As part of its transformation journey, it consolidated its extensive multi-entity, multi-country, cross-border payment processing operations, which were running on an array of disparate legacy systems, onto a Regional Payments Hub powered by TCS BaNCS for Payments.

    With this transformation, MUFG Bank has realized its vision to streamline all payment operations across the entire Asia-Pacific region to drive future growth, improve efficiency and lay a strong foundation to enable innovation.

    “MUFG Bank is happy that the Regional Payment System-based consolidation has become a reality. A  project of this complexity was accomplished not only because TCS BaNCS was a strong fit to our requirements, but TCS’ delivery capability and proven methodology made collaboration across multiple geographies possible,” said a spokesperson for MUFG Bank.

    “Payments is an exciting space, and a Business 4.0TM world offers opportunities aplenty for those organizations who transform their business and operating models to take advantage of the digital economy,” said Venkateshwaran Srinivasan, Vice President and Head, TCS Financial Solutions. “This has been a transformative journey for MUFG Bank and we are proud to be partnering with them in this mission critical program. They now have a strong platform, based on TCS BaNCS, that supports their future growth with agility and differentiation.”

    The payments solution from TCS BaNCS offers multi-entity, -currency, and -country capabilities covering the complete value chain, including order management, clearing and settlement. It provides direct debit and credit transfers, including domestic and international variations, on a single platform.

    The future-proof solution is designed on ISO20022-based data and process models, and includes all the cutting edge features that forward thinking customers seek from a modern banking solution, including real time payments and open APIs. TCS BaNCS has been certified as SWIFT Ready for Payments for almost ten years now, and is among the first wave of solutions certified with a SWIFT gpi ready label.

    About TCS Financial Solutions

    TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. The TCS BaNCS universal financial solution is designed to help financial services institutions enhance end customer experience, enabling them to embrace open and innovative technologies that embody true digital customer engagement. Deployed at more than 450 installations worldwide, it is the largest collection of components, enterprise and consumer apps for the financial industry made available through the cloud, helping firms become more agile and intelligent by leveraging the power of new and extended ecosystems.

    To know more about TCS BaNCS, please visit: https://www.tcs.com/bancs

    About Tata Consultancy Services Ltd. (TCS)

    Tata Consultancy Services is an IT services, consulting and business solutions organisation that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognised as a benchmark of excellence in software development.

    A part of the Tata group, India's largest multinational business group, TCS has over 411,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

    TCS Financial Solutions Media Contacts

    Global

    Email: dennis.roman@tcs.com

    Phone: +1 561 865 3339

    Americas, Europe and UK

    Email: sunil.robert@tcs.com

    Phone: +1 732 331 3084

    APAC, India, Middle East and Africa

    Email: anjana.srikanth@tcs.com

    Phone: +91 80 6725 6963

    TCS Media Contacts

    Asia Pacific

    Email: Sean.davidson@tcs.com

    Phone: +65 9139 3668

    Australia and New Zealand

    Email: Kelly.ryan@tcs.com

    Phone: +61 422 989 682

    Benelux

    Email: Joost.galema@tcs.com

    Phone: +31 615 903387

    Central Europe

    Email: anke.maibach@tcs.com

    Phone: +49 172 6615789

    Europe

    Email: ashish.babu@tcs.com

    Phone: +31 611 531246

    India

    Email: vivek.padiyar@tcs.com | arushie.sinha@tcs.com | shamala.p@tcs.com

    Phone: +91 226778 1121 | +91 22 6778 9960 | +91 22 6778 9081

    Japan

    Email: douglas.foote@tcs.com

    Phone: +81 80 2115 0989

    Latin America

    Email: martin.karich@tcs.com

    Phone: +569 6170 9013

    Nordics

    Email: mattias.afgeijerstam@tcs.com

    Phone: +46723989188

    UK

    Email: peter.devery@tcs.com

    Phone: +44 20 3155 2421

    USA / Canada

    Email: b.trounson@tcs.com

    Phone: +1 646 313 4594

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