CEB TowerGroup Analysts View - TCS BaNCS for Payments
TCS BaNCS for Payments offers banks the flexibility to integrate with existing and new/upcoming market infrastructure and manage multiple payment formats. This payment hub solution focuses on re-routing and standardizing payments to help improve a bank’s efficiency and workflows.
TCS BaNCS for Payments enables financial institutions to perform customer-to-bank and bank-to-bank for both domestic and international payment operations. This solution can be delivered as an integrated banking platform or as a standalone solution with integration into the bank’s system of record and core banking applications. The solution can standardize payments from external systems and formats (e.g., RTGS, ACH, real-time, clearing, Giro, SWIFT) and support multiple products (e.g., credit transfers, direct debit, and checks) on a single platform. The solution is built on ISO20022 standard and has live customers using ISO20022 processing and clearing.
As the CEB TowerGroup report is no longer available on our site, you may visit CEB TowerGroup for more information.
To know more about TCS BaNCS for Payments, visit our webpage.
Technology Assessment Disclaimer:
CEB does not endorse any vendor, product or service depicted in our CEB TowerGroup publications and does not advise technology users to select only those vendors rated “best in class.” CEB TowerGroup research publications consist of the opinions of CEB TowerGroup’s analysts and should not be construed as statements of fact. CEB disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
To view the full report, click here