TCS BANCS™ customer interview video
TCS BaNCS helps Emirates NBD centralize multi-entity, multi-currency, and multi-channel payments on a single platform
This video features-
Amit Jaganath Varma, Group Chief Platform Officer/ Business Platform, Group Information Technology, Emirates NBD
Barid Guha Neogi, Senior Vice President, Head of Group Operations Governance & Business Support, Emirates NBD
Emirates NBD’s vision was to create a centralized payments system to transform payments processing across all its entities in six countries and to standardize processes for payments. To realize that vision, multiple payment systems were assessed which would address all the points identified during diagnostics.
TCS BaNCS, with its enhanced features, checked all the boxes for Emirates NBD to successfully reach the objective of transforming the way payments are processed today. TCS BaNCS for Payments offered a true multi-country Enterprise Payments Hub solution built on a modern technology architecture with the latest payment standards, including ISO 20022.
Emirates NBD’s TCS BaNCS-powered Enterprise Payments Hub is now being used for international payments in Singapore, India, United Arab Emirates, and the United Kingdom.
In all the entities (UAE and International), the solution not only processes international payments but also all types of domestic payments through the gateway provided by the respective Central Banks. In addition, the solution enables the bank to support SWIFT for Corporates and to adapt upcoming market innovations in real-time clearing such as GCC-RTGS (KSA, UAE), IPI, and Egypt (RTGS), while also enabling GPI certification for all its entities.