Taishin International Bank Wished To Reduce TCO And Become More Profitable. They Found A Certain Way.
Taishin International Bank’s (TIB’s) legacy banking system hindered its ability to embrace the numerous growth opportunities the market presented. Tata Consultancy Services (TCS) implemented the Core Banking Solution from TCS BaNCS, a universal financial services platform which helped re-engineer TIB’s business processes and automated all banking operations across multiple entities. This significantly enhanced TIB’s ability to manage large transaction volumes 24/7, thus enhancing customer experience and improving system availability to 99.9%. This state-of-the-art IT solution further reduced time-to-market for banking products and services and achieved total cost of ownership (TCO) savings of 58%.