Zions Bancorporation Transforms its Core Platform with TCS BaNCS
An interview with Scott McLean, President and Chief Operating Officer, Zions Bancorporation
Frictionless customer journeys and collaborative ecosystems
Financial institutions want to transform digitally at reduced risk to speed up time-to-market and participate in broader financial ecosystems. They need scalability to manage evolving business needs and to future-proof their business with cloud and microservices. TCS BaNCS solutions are built on the premise of a Digital First, Cloud FirstTM philosophy, and help financial institutions in structuring and delivering contextual, enriched experiences to their customers.
Global population serviced by TCS BaNCS for Banking
Out of top 10 custodian and asset management firms running on TCS BaNCS
Property and casualty policies serviced globally
Life, annuity, and pension policies
A holistic product suite
Customized solutions across the finance sector
Partner solutions available on TCS BaNCS Marketplace
Consistent benchmark results
Our banking clients serve everyone from high-net-worth households or first-time homeowners to people opening bank accounts through financial inclusion initiatives. Encompassing solutions for payments, transaction banking, treasury, reconciliations, and risk management, our solutions help banks foster rapid growth, innovate at scale, and realize a shared purpose through the TCS BaNCS ecosystem.
TCS BaNCS is used in more than 100 markets globally, across the Capital Markets value chain encompassing asset servicing, brokerage, market infrastructure institutions and custodians. A set of industry-leading products, TCS BaNCS has helped both buy-side and sell-side institutions implement robust, error-proof, STP-enabled processes spanning trade processing, clearing and settlement and portfolio accounting across multiple assets and markets. On the retail and institutional brokerage side, customers have seen breakthrough growth in trade volumes, while being able to handle 100,000+ concurrent users with microsecond response times.
Market infrastructure institutions have been able to combine high performance, low latency, and best-in-class resilience with the agility to introduce new products and multiple asset classes with the TCS BaNCS solution.
TCS BaNCS for Insurance is an end-to-end core insurance solution spanning life, annuity, pensions, property and casualty, reinsurance, and health insurance, and is designed to support every event in the lifecycle of a policy. The solution services over 30 million life, annuity, and pension policies and 135 million property and casualty policies for customers in UK, Australia, New Zealand, South Africa, Middle East, Hong Kong and India.
With the TCS BaNCS solution being at the forefront of the fintech industry, we provide better user experience to our clients while improving our operational efficiency.
Corporate Actions certification from SWIFT
Securities Settlement certification from SWIFT
Payments Certification from SWIFT
SWIFT gpi certification from SWIFT
Won the Best Core Implementation Award at MEA Finance Summit 2022
Recognized as a Large Player in the Now Tech Report for Digital Wealth Management
Ranked #1 Investment and Fund Management Solution in IBSI SLT 2022
Named a Leader in Property & Casualty Insurance Claims Management Systems