Industry
Banking
Banking Services Transformation: Unlocking Exponential Value
Capital Markets
Unlocking Exponential Future Growth in Capital Market Firms
Solution
TCS BaNCS™
TCS BaNCS™: Enabling Transformation in Banks and Financial Institutions
Highlights
- This newsletter highlights TCS BaNCS’ work in the securities processing space in North America, including core transformation, industry-leading automation, strategic initiatives, and important milestones.
- It features an exclusive interview article with Banque Saudi Fransi (BSF) about their journey to unified real-time payments and collections with TCS BaNCS for Payments, and with Standard Bank about how multi-country migration put this Africa’s largest custodian on the pathway toward innovation and growth.
- The newsletter also features a first-hand account of a large transformation program for one of the largest global custodians.
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TCS BaNCS leadership viewpoint
Leadership viewpoint on expanding horizons; ushering in possibilities –
At TCS BaNCS, we are always looking at the horizon for the next set of possibilities while being firmly focused on the now and here. On one hand, we strive to provide the predictability, resilience, and reliability for which our customers partner with us while at the same time, we have to carefully adapt and weave technology disruption that is happening all around us into the TCS BaNCS ecosystem such that it prepares our customers for the future. Given the scale at which technology itself is getting disrupted, this has been a busy season for TCS BaNCS. Find out more.
Banque Saudi Fransi
Banque Saudi Fransi (BSF) unifies real-time payments and collections with TCS BaNCS for Payments. With its recent deployment of TCS BaNCS for Payments, BSF has achieved key milestones in its digital transformation and core banking modernization through multi-phase deployments. Find out more about their transformation journey here.
Standard Bank
Multi-country migration puts Africa’s largest custodian on the pathway to innovation and growth. Today, the latest, API-enabled and cloud-ready version of TCS BaNCS delivers continued sustainability and consistency for Standard Bank as a market leader.
TCS BaNCS in North America
A perfect proposition for a market like no other. TCS BaNCS’ overall strategy for the North American securities market focuses on four areas:
- Democratizing financial wellness
- Business-class technology
- Looking beyond borders, and
- Powering the cloud journey
Today, the TCS BaNCS solution services the top 3 of the top 4 US banks and a top 3 asset manager. TCS BaNCS holds the distinction of servicing the corporate actions processing needs for all segments of the securities industry, including asset managers, broker/ dealers, and custodians. Read more about this.
Transformation program for a global custodian
A first-hand account of a large transformation program for one of the largest global custodians
This is the story of the two firms’ determination, triumph, and partnership. While the world was dealing with Y2K and the markets were reeling due to the dotcom bubble burst, two organizations with strong roots and a long-term vision, tuned out the ambient noise to chart a course for the future. They wanted to create the best-in-class corporate actions solution that would not only be real-time and scalable but also could co-exist in a technology landscape that relied on the 1970s technology. Read more here.
Riding on change
With the recent changes to the Credit Union Act further broadening the scope of credit union associated services, 2023 has been a year of positive change for community banking in the UK. Many factors contribute to these banks poised for accelerated growth and innovation. The community banks are embracing changes with TCS BaNCS and turning them to their own advantage. Find out more.