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TCS BaNCS Customer Newsletter #30
In the 30th issue of the TCS BaNCS Customer Newsletter, we celebrate the milestone of TCS turning 50 in 2018 with vibrant colors and the TCS 50 brand--a “look and feel” that conveys diversity, fluidity, and agility, which are appropriate to our heritage and identity as a truly global organization.
The newsletter includes coverage on
PostFinance embarked on an ambitious program to replace its legacy core systems with a new platform that would help deliver a consistently positive customer experience and support future digital innovation.
Euroclear Finland replaced its multiple legacy core systems with Infinity, a solution powered by TCS BaNCS for Market Infrastructure. The successful go-live positioned Euroclear Finland as an industry-leading CSD, including strong support for European market harmonization and adoption of ISO 20022 standards in coexistence with earlier standards.
UK Cloud: For UK credit unions and smaller banks, the pressure to transform comes from three main sources: competition from new entrants, expanded possibilities for products and services, and increased regulatory scrutiny. TCS has demonstrated the ability to organize and implement large-scale transformations and migrations in the UK, in Europe, and around the world. The cloud-based deployment of TCS BaNCS for UK credit unions and banks includes a full range of market adaptations to UK regulations, including connectivity with the various types of payment schemes used in the market. TCS has also built an extensive partner network in the UK, enabling financial institutions to embrace the open banking trend by instantly offering an expanded set of products and services.
Kuwait Clearing Company: As part of a larger transformation of the Kuwaiti financial market, Kuwait Clearing Company (KCC) selected TCS BaNCS for Market Infrastructure for Central Counter Party (CCP) Services. This transformation program will enable KCC to increase liquidity, reduce risk, promote greater participation by global investors, and facilitate the introduction of new products to the Kuwaiti market.