Industry
Banking
Banking Services Transformation: Unlocking Exponential Value
Solution
TCS BaNCS™
TCS BaNCS™: Enabling Transformation in Banks and Financial Institutions
Highlights
TCS BaNCS Global Banking Platform delivers limitless customer-centric innovations through microservices, a rich library of APIs, and extensions
Integrated with advanced analytics that enables a financial organization to gain a ‘one customer, one enterprise’ view
Two of the world's largest core banking implementations process more than 1BN accounts on TCS BaNCS
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Abstract
TCS BaNCS Global Banking Platform empowers financial institutions to embrace risks, leverage new and extended ecosystems, and create exponential value.
Deployed across retail, corporate, digital challenger, private, Islamic banks of varying sizes, co-operatives, non-banking financial institutions, micro-lenders, and credit unions, the TCS BaNCS solution offers a large collection of components and enterprise and consumer apps made available on the cloud, helping firms become more agile and intelligent.
TCS BaNCS for banking services more than 30% of the global population.
Challenge
Customer behavior is constantly changing, reshaping banking, redefining operating models, and reimagining value propositions.
While new-age banks have fully embraced technology advancements to work smarter, faster, and efficiently, others are looking at rapidly untangling antiquated, and often siloed systems. Banks are looking at growing, faster, with new products and new operating models, enabling new sales channels and expanding their digital footprint, both externally and internally.
Solution
A robust vision, superior execution, and extensive support are the key factors that set TCS BaNCS apart.
The TCS BaNCS solution is deployed across retail, corporate, digital-challenger, private, Islamic banks of varying sizes, co-operatives, non-banking financial institutions, micro-lenders, and credit unions. It offers the largest collection of components, enterprise, and consumer apps, made available through the cloud, helping firms become more agile and intelligent.
TCS BaNCS solutions are predicated on the Digital First, Cloud First philosophy, with the outcome being a modern platform in the banking and financial industry in a digital world. The TCS BaNCS Global Banking Platform comprises innovative and adaptive digital apps and a digital core richly enabled for businesses. It supports a wide range of products and services across asset types, such as assets and liabilities, cash, securities, and crypto assets, for various use cases in the financial services industry. This solution accelerates the digital transformation of traditional businesses by separating them from the constraints of legacy technology and powering the ambition to play into the overall ecosystem with APIs.
Benefits
The TCS BaNCS Global Banking platform is designed to give your customers the experience they are looking for through:
- Advanced core banking with out-of-the-box support for end-to-end lending, savings, deposits, payments, trade finance, fees, and pricing capabilities with a multi-currency ledger solution
- Open banking capabilities to help unlock the new business models of Banking-as-a-Service and embedded finance
- Continuous expansion solutions from the TCS BaNCS Marketplace, aiding an outside-in approach and reimagining customer life events through curated use cases
- Faster personalization/tailoring of products and services and quicker time to market
- Cognitive technologies, personalization, insight-driven decision making and contextualization
- Benefits of a single-source-of-truth as an Enterprise Data Layer while crafting unique propositions through analytical insights
Our mission is to become the most modern, innovative, and experience-focused bank in the region. We believe that our partnership with TCS BaNCS will help us towards meeting the challenges of the future.