TCS’ Flagship SaaS Offering for Banks, Now Available on AWS, will lower their Infrastructure Costs and Boost Scalability
NEW YORK | MUMBAI, February 12, 2019: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced that its flagship SaaS platform for banks and financial institutions, TCS BaNCS Cloud, is now available on Amazon Web Services (AWS) to help customers meet the operational demands of their businesses in the digital era, while lowering their cost of infrastructure.
TCS BaNCS Cloud is a plug-and-play, pay-as-you-go, one-stop SaaS platform that has been adopted by banks of varying sizes across the globe for its future-ready digital architecture, functionality, business agility and operational efficiency. The TCS BaNCS Cloud platform’s proven application architecture ensures anytime, anywhere digital access, scalability, resilience, high performance, and compliance.
TCS supplements the TCS BaNCS solution by helping customers create their cloud roadmap, advising them about cloud strategy and cyber security, and by offering managed services.
TCS BaNCS collaborates with companies like AWS to offer customers the transformative power of the cloud with the benefits of global availability, scalability, security, and agility, while further reducing the cost of IT infrastructure.
“TCS BaNCS Cloud is the outcome of our `Cloud First, Digital First’ strategy designed to help our customers accelerate their Business 4.0™ transformation journeys,” said R Vivekanand, Vice-President and Co-Head, Financial Solutions, TCS. “TCS BaNCS Cloud on AWS will allow our customers to further reduce their cost of infrastructure, and focus more on innovation and the use of technologies like AI and machine learning to differentiate themselves through a superior customer experience.”
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. The TCS BaNCS universal financial solution is designed to help financial services institutions enhance end customer experience, enabling them to embrace open and innovative technologies that embody true digital customer engagement. Deployed at more than 450 installations worldwide, it is the largest collection of components, enterprise and consumer apps for the financial industry made available through the cloud, helping firms become more agile and intelligent by leveraging the power of new and extended ecosystems. To know more about TCS BaNCS, please visit: www.tcs.com/bancs
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 417,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion in the fiscal year ended March 31, 2018, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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