March 24, 2014
Press Release by National Commercial Bank
“The National Commercial Bank (NCB) has announced that it has embarked on the implementation of a new core banking information system that will transform how the bank uses technology to deliver customer service. It has entered into a contract with TCS to implement the state-of-the-art banking platform, TCS BaNCS, which will result in the replacement of many of the Bank’s existing software systems. The new system will support NCB’s entire core banking operations, including branches, ATMs and online channels.
At a ceremony in Riyadh to sign the agreement between the two companies, Mansour Al-Maiman, Chairman of National Commercial Bank, said, “NCB recognizes how critical technology is to delivering best customer service in the Kingdom. Today’s announcement reflects the decision of the Bank’s Board and management to invest heavily in the future. We have chosen TCS as our partner to implement software that will allow NCB to provide new products and services much faster, and to more customers, while continuing to deliver reliable services through all our banking channels.”