Transforming the core of your business
Meeting the complex demands of a discerning customer, keeping up with disruptive entrants and an ever-increasing swathe of regulations has made it imperative for banks to choose what stance they wish to adopt today, be it as a trend setter or a fast follower. Remaining at the same place is not an option any more.
Technology has now become a transformative vehicle for change, enabling enhanced customer experience and efficient operations.
TCS BaNCS for Core Banking is a solution that can help your bank develop a customer-centric business model, simplify operations, enable innovation and manage risk and compliance effectively.
Comprising loans, deposits, wealth management, digital channels and risk and compliance components, it is a solution of choice for more than 300 banks worldwide.
It stands out for its established track record of fail-proof implementations, a critical factor in core banking deployment.
It has been recognized by leading industry analysts for its broad and deep functionality, flexibility, viability and operational performance.
Efficiently manage change
TCS BaNCS for Core Banking is built on a modern, flexible, component based architecture, and integrates deposits and loans on a single system. With TCS BaNCS, banks can benefit from:
- Scalability – The solution has successfully been benchmarked to handle 1 billion deposit and loan accounts with peak throughput of over 17,000 TPS.
- Agility – It can be deployed as is or in combination with any of TCS BaNCS or third-party front, middle, or back-end applications, delivering increased agility to a bank’s business operations.
- Integration – Designed on Java, TCS BaNCS is built with the SOA-based architecture where all the business operations are available as services for external consumption. TCS BaNCS also has an integration layer which handles all aspects of integration including routing, transformation and validation.
TCS BaNCS is a high performance offering that has:
- Enhanced customer experience at Credit Union Australia (CUA) with a single customer view that helped them save 150,000 minutes of service time per month.
- Increased transaction currency volumes at Hubei Rural Credit Union to 2,500 per second–ten times higher than that from the previous core banking system
- Deployed an integrated, highly configurable payments, core banking, securities processing and compliance solution at Post Finance, meeting their high performance requirements
- Increased STP rates by more than 25% at Societe Generale and helped them gain 40% in back-office processing efficiency
- Cash Management – Optimizing cash quickly and efficiently
- Compliance – Build strength into compliance
- FATCA Compliance – Ensure compliance with an intelligent and configurable solution
- Global Risk Management – Get an enterprise view of risk and manage it efficiently
- Islamic Banking – Islamic and conventional banking on a single instance
- Origination – Add speed and efficiency to loan management
- Payments – Speed up efficiency in payments
- Reconciliations – Streamlined, end-to-end reconciliations
- Retail Banking – Rapid time to market for your solutions
- Service Integrator – The financially aware middleware
- TCS BaNCS Digital – Allow any place, any time banking
- Treasury – STeP up treasury operations
- Universal Banking – Achieve high levels of automation and accuracy in banking
- Wealth Management – Enable greater transparency in wealth management, faster