Scott McLean, President and Chief Operating Officer, Zions Bancorporation discuss how their journey with TCS BaNCS and implementation of new future core platform will enable them with a competitive advantage in the US.
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Scott McLean, President and Chief Operating Officer, Zions Bancorporation said "our selection of TCS in 2013 was probably the best decision our company has ever made. This journey concludes in early 2023, where we would have fully implemented our new future core platform, the TCS BaNCS platform. It is going to be a strategic advantage for us for the next five years. It will take the rest of the industry at least five years to catch up with this.
What we will have at that point is a core loan and deposit system, sitting on a modern architecture, it is real-time, has seven day processing capability, API enabled, it has one data model, when I say one data model, it has a strategic advantage. If you think about it in a digital world, how you manage data is an absolute key and we will be digital to the core. That will be the significant strategic advantage".
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