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TCS BaNCS helps banks and financial institutions to offer innovative products and services tailored to customers’ needs across their life journeys, over the devices of their choice.
NEW YORK | MUMBAI, June 10, 2025: TCS BaNCSTM has been positioned as a Leader in the Gartner Magic Quadrant for Retail Core Banking Systems, Europe, 2025[1].
According to the report, “Banking CIOs are prioritizing core modernization to deliver decentralized and distributed applications. In response, core banking systems are evolving to enhance composability and use of the cloud.”
"TCS BaNCS is the preferred solution for financial institutions globally due to our well-defined product roadmap, comprehensive business capabilities, successful execution track record across multiple cloud platforms, and robust production support," said Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS. "We are delighted to be recognized as a Leader in Retail Core Banking, Europe. We believe, this acknowledgment reflects our forward-looking product strategy and vision, as well as our ability to execute effectively."
The TCS BaNCS Global Banking Platform is a componentized banking solution, supporting multiple lines of business, including retail, business and banking. With its proven functionality, the solution helps banks and financial institutions to offers innovative products and services tailored to customers’ needs across their life journeys, over the devices of their choice.
Built on an intelligent digital core, deployed at more than 450 installations worldwide, the TCS BaNCS Global Banking Platform offers innovative and adaptive digital apps and a digital core richly enabled for business supporting a wide range of products and services across asset types – assets and liabilities, cash, securities and crypto assets for a wide variety of use cases in the financial services industry. TCS BaNCS is available on the cloud as well as on-premise, leveraging the latest technology stack and architectural constructs like cloud nativity, containerization, microservices and APIs. Its future-proof architecture, embedded intelligence and rich capabilities that are continuously upgraded with new features and market-driven functionality, ensure best-in-class availability, high performance, agility, scalability, and interoperability.
[1] Magic Quadrant for Retail Core Banking Systems, Europe, Vittorio D'Orazio, Ali Merji, Gartner, 29 January 2025
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