TCS BaNCS' interview with Celent on core banking on the cloud
In the rapidly evolving banking industry and the changing technological landscape, banks must rethink their strategies to respond to customer needs primarily centered around convenience, speed, and choice. Subrato Bhattacharya, Senior Product Manager at TCS BaNCS, and Daniel Mayo, Principal Analyst at Celent, recently discussed these challenges and opportunities in the Cloud Kings video series by Celent.
In their conversation, Subrato and Daniel highlight the following five key areas banks should look into to provide their customers with a secure, personalized banking experience:
Banks should consider the following steps to undergo cloud transformation:
TCS BaNCS Cloud offers banks an end-to-end service encompassing all the above steps.
TCS BaNCS Cloud stands out as a specialized industry cloud tailored to elevate the digital transformation journey of banks. With full enterprise service capabilities across retail, business, and corporate banking, TCS BaNCS offers a trusted and integrated Software-as-a-Service (SaaS) platform. Its cloud-agnostic approach ensures flexibility and adaptability across various cloud environments.
TCS BaNCS Cloud enables access to open and enriched ecosystems of curated partners from the TCS BaNCS Marketplace that offers a collaborative approach, enabling banks to provide comprehensive services to their end customers. With more than 100 partners, the ecosystem contributes to the entire value chain of the bank, acting as a launchpad for firms to innovate with our partners and serving as an accelerator to develop, validate, or monetize new solutions through these APIs.
We also have strategic partnerships with hyperscalers like Azure, AWS, and Google Cloud.
Our customers benefit from our continued investment in delivering functional richness on a next-gen architecture with data and AI powering experiences and engagement.
Senior Product Manager, TCS BaNCS
Subrato has over 25 years of experience in the banking domain and technology that has helped him discover the 'whole problem' for banks and financial institutions, thereby curating the market and product requirements for the product.He has been a sherpa for startups to mature institutional clients advising them to navigate the maze of banking technologies aligned to their business and operating models.
The strongest aspect of his professional ability and experience is his familiarity, knowledge, and expertise in end-to-end solutioning of digital bank platforms.
Principal Analyst, Celent
Daniel has considerable experience across the financial services technology sectors which he leverages to advise and consult on business-led technology strategy and investment for financial institutions, technology providers, and technology investment firms.Daniel's coverage areas focus on the banking platform market. His complementary coverage areas include cloud, SaaS, analytics, digital transformation, and platform transformation and modernization.
Daniel holds an MA and BA in Economics from Cambridge University.