At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.
Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.
We are a digital transformation and technology partner of choice for industry-leading organizations worldwide.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
Ravi Satyanarayana
Lead Solution Architect, Technology Advisory Group, BFSI, TCS
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With rising demand for ubiquitous and convenient experience across the payments value chain and frictionless real-time payments, banks need to undertake payment transformation initiatives underpinned by legacy modernization. Modernization of core payment systems is key to delivering exceptional value for customers and preventing disintermediation from new entrants.
In our view, banks must adopt one of five distinct payment modernization strategies, or a combination, depending on existing architecture and modernization objectives to move to the target payment model:
Isolation approach: Enhancing the peripheral architecture to support digital channels
Value chain approach: Phased modernization approach with a holistic view
Progressive modernization: Shift to a new core payment system with coexistence of both new and old payment engines in the short-term
Orchestration approach: Leveraging microservices and API frameworks
Complete replacement: Adopting a cloud hosted payment-as-a-service model
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