TCS BaNCS for Islamic Banking is for both conventional banks and pure Islamic banks looking to create an Islamic window or subsidiary with their core banking, risk management, and treasury needs. It also enables financial institutions to innovate and develop new instruments while focusing on corporate and small business financing, including investment banking and Takaful.
With our expertise in financial services consulting, technology, and outsourcing, we have partnered with numerous financial institutions to offer cost-effective solutions. Our customers across banking, capital markets, and insurance domains in Australia, India, Indonesia, Qatar, Bahrain, and Europe have deployed TCS BaNCS for Islamic Banking successfully. From one of the largest banks in South Africa (~2.2 million customer base) to a bank in Indonesia (~6.5 million customer base) running the solution, including the first Takaful insurance company in Bahrain, TCS BaNCS for Islamic Banking covers the entire spectrum of Islamic finance. Retail and investment banking, Islamic treasury, and trade finance solutions backed by best practice business processes for Shariah-compliance come together to empower our customers across the entire value chain.