TCS BaNCS for Payments
Extensive end-to-end multi-product payment processing capabilities
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Extensive end-to-end multi-product payment processing capabilities
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Challenge
The constantly evolving payments ecosystem is rife with rapid changes in market dynamics, ever-evolving regulatory measures, and mounting customer expectations. To thrive in a changing market environment that witnesses a new player (fintech) gaining prominence in the payments space almost on a daily basis, it is necessary that financial institutions and payments providers upgrade their infrastructure and launch innovative products with an effective cost structure. Customer expectations make it increasingly more critical for organizations to differentiate themselves by launching such products and swiftly expanding to meet the demands of their clients.
Solution
With a track record of processing international payments in 25 countries and supporting over 40 clearing systems, and with several features natively built on MT and MX (ISO 20022) standards, TCS BaNCS for Payments is an integrated SWIFT certified and SWIFT gpi ready solution that supports real-time payment processing across multiple geographies, entities and currencies adhering to rules and standards. Supporting direct debits, domestic, cross-border payments and cheques processing, it is a comprehensive solution that makes use of API driven capabilities, and aims to support stronger management of risks and aid in the seamless integration of applications.
Benefits
Read how TCS BaNCS for Payments can facilitate effective transaction processing for universal banks, help them seamlessly manage cross-border fund transfers and enables them to exceed the expectations of a fast-changing market.
TCS BaNCS solutions are accredited by SWIFT for more than a decade. TCS BaNCS for Payments is certified for 2022. Read more.
SWIFT gpi 2022
SWIFT Payments 2022