Bank of India wanted to increase efficiency in operations. They found a certain way.
Founded in 1906, Bank of India (BOI) today has over 4,322 branches, including 141 specialized branches, across India. With a view of updating their legacy systems, Bank of India was exploring a treasury solution to provide cost-effective, responsive services to its internal and external stakeholders. Tata Consultancy Services (TCS) leveraged its Treasury solution from TCS BaNCS to bring the treasury operation of BOI onto a single integrated platform. As one of the world’s fastest growing technology and business solutions providers, TCS BaNCS generate speed-to-market for BOI through informative decision making and increased treasury operational efficiency by over 30 percent, resulting in complete security and control over information flow, improved profitability as well as operational flexibility.