Rabobank, which manages assets worth more than €650 billion, is one of the largest banks in the Netherlands.
It wants to keep ahead of the curve by embracing digital transformation, cybersecurity, data analytics, and artificial intelligence And TCS helps the bank on this journey to acquire a technological mindset.
However, remaining a rock-solid bank is the core strategy and focus of Rabobank. Customers entrust their money and data to the bank and so it likes to be known as reliable and secure. The bank leverages advanced technologies to make this happen.
Rabobank is increasingly becoming a technology and data company.
TCS is a strategic partner for Rabobank because of its expertise in IT, technology, and data. The partnership enables Rabobank to deliver the best technology solutions for financial services and to recruit the best talent worldwide. There are several initiatives where the two partners work together on the best solutions for the bank and the transformation of services towards its customers.
For example, Rabobank and TCS developed a solution for centralised and digitised credit assessments. This enables the bank to respond much better and faster to the financial needs of its customers. The two partners are working on the credit model landscape to analyze and proactively reduce credit risks due to changed market conditions. This leads to better prediction of the future financial performance of customers.
To gain trust, the bank must prove itself permanently.
Rabobank achieves the highest level of compliance using state-of-the-art technology for real-time insights and reporting to regulators and external stakeholders. The bank and TCS are also working together on KYC reporting. They carry out risk analyses and mitigation measures according to the thorough client due diligence process.
The collaboration between Rabobank and TCS is based on transformation and innovation. In addition, TCS is fully committed to accelerating the business and IT transformation agenda of Rabobank and its customers. Sebastiaan Goossen, CTO, Risk & Finance Tech at Rabobank, mentions: "We want to support our customers in their major transitions, such as food and energy. TCS is working with us to achieve this."
TCS-Rabobank trusted partnership