- TCS BaNCS™
- Solution
TCS BaNCS for Banking
Fast track your bank’s digital transformation
Features
A Digital First, Cloud First core built for advanced banking
Large set of functional components for universal banks, fintechs, and innovators
A microservices architecture, preparing banks for the future
Creating frictionless digital banking experiences
TCS BaNCS provides your bank with the products and technology to meet the opportunities of tomorrow. TCS BaNCS’ open ecosystem enables your bank to do business with anyone, and its rich set of APIs allows anyone to do business with your bank.
Built using cloud-native microservices for maximum flexibility and ease of deployment, the solutions enable faster time to market, faster compliance with new regulations, and an enhanced user experience.
Our Solutions
Innovative and adaptive digital apps and a digital core richly enabled for business, support 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.
Automate end-to-end multi-product payment processing for real-time payment, cross border and domestic payments, direct debits, and cheque processing across multiple geographies with different clearing rules, SLA requirements, account addressing, and messaging standards.
Simplify and improve the performance of advisory tools. Easily onboard new clients, conduct thorough customer profiling and wealth segmentation, analyze client preferences and risk appetites to offer attractive model portfolios, and measure progress on financial goals.
Automate enterprise-wide end-to-end reconciliation processes, maximizing speed, accuracy, and controls while reducing risks and costs.
Digitalize wholesale, commercial credit and loan origination end-to-end through lean lending/credit approval processes and optimized workflows, enhancing turnaround time, predictability, transparency, and smarter decision-making
Gain from a real-time, fully drillable, and aggregated view of quality-assured, audited, transparent global credit risk reference data across business divisions and asset classes. Continuously monitor risk exposure and limit profile/concentrations, asset quality, risk-reward parameters, vulnerabilities, and in-place countermeasures so that risks are constantly optimized and in line with the risk strategy.
Reduce customer onboarding times. Intuitive and optimized processes to help your customers open an account in under 5 minutes.
Manage end-to-end operational functions across front, middle, and back offices. A single, consolidated treasury management platform helps address the specific needs of a treasury of a bank or a corporate.
One-stop future-ready, SaaS-based, industry cloud offering for financial services. Built on a digital core it utilizes cloud-native security deployment and run time features, providing compatible microservices where needed. It enables institutions to leverage the power of open and enriched ecosystems, with curated solutions from a variety of partner solutions residing on the TCS BaNCS Marketplace.
Highlights
Functionality
Next-generation, digital core, and advanced depth and breadth of functionality.
Rich API catalogue
Microservices-based, cloud native architecture and rich catalogue of APIs.
Large transformation
Powered 2 largest core banking transformations in Asia, processing 1BN accounts.
Preferred choice
Has been the preference of neo banks, credit unions, and community banks.
TCS BaNCS Cloud for Banking
Ensuring anytime, anywhere digital access, scalability, resilience, high performance, and compliance.
The digital banking solution set up on TCS BaNCS Global Banking Platform and its partner ecosystem has helped us launch operations in a short span of five months, and its intelligent, cloud native digital core and accompanying services have helped us onboard customers since launch.(..).
TCS BaNCS Named a Leader in Wealth Management by Everest Group
The report cites TCS’ advisory capabilities specific to all segments along with its excellent execution capabilities, as a key strength.
RECOGNITION
Al Maryah Community Bank and TCS BaNCS won the Global NeoChallenger Bank award from IBSi.
Banque Saudi Fransi - the Best Core Implementation Award at MEA Finance Summit 2022
Payments certification from SWIFT
Contact
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