A highly adaptive and scalable universal banking solution
Banking today is being redefined like never before. Be it lending, payments, trade execution, or clearing and settlement–-the rules of the game continue to change dramatically for retail and investment banks. Digital disruptors such as fintech startups are aggressively leveraging Big Data, artificial intelligence (AI), and blockchain, and are making their presence felt in a hypercompetitive marketplace. Sustaining profitability in such an environment requires your bank to simultaneously boost operational efficiency, diversify revenue streams, and offer a distinctly superior omni-channel customer experience across the entire universal banking value chain.
TCS BaNCS for Universal Banking, a suite of next-generation components, spans the entire range of services, including Core Banking, Treasury, Wealth Management, Risk and Compliance, Payments, Custody, Clearing and Settlement, and Reconciliations.
It can help your bank effectively manage the end-to-end customer lifecycle, from origination to servicing.
Our solution provides superior customer experience to end customers and business users with high STP rates, while also laying the foundation for a full Digital Bank.
Better integration, improved efficiency
The Universal Banking solution from TCS BaNCS orchestrates all banking capabilities, with a view to delivering superior customer service across the board.
The solution builds a consolidated view of your enterprise, and allows you to assimilate market and customer insights for personalization of products and services.
Financial instruments targeted at different client segments and social networks can be offered through a variety of integrated channels.
You can harness our advanced data management and customer analytics tools to respond swiftly to unpredictable events, as well as to exploit any underlying business opportunities.
Through digitization of your business processes, we enable you to substantially improve operational efficiency, and ensure regulatory compliance.
TCS BaNCS Solutions for…
- Savings and current accounts
- Retail Deposits and loans
- Cards and other retail services
- Corporate deposits and loans
- Payments and cash services
- Clearing and vault services
- Customer onboarding
- Compliance, AML and FATCA
- Securities trading
- Advisory services
- Discretionary portfolio management
- Custody services
- Cash and securities reconciliations
We provide a robust platform for integrating an array of product lines, including deposits, investments, consumer and commercial loans, cards, payments and treasury management. You can choose to implement all modules of the solution, or a select few, based on your specific requirements. Each module runs as a standalone micro-service that is scalable, flexible, and easy to maintain.
It is based on J2EE technology, and is compatible with all open hardware platforms, operating systems, and database management systems.
Banks have used our Universal Banking solution to achieve tangible business goals, including:
- Increasing revenue growth of up to 30% within a year
- Enhancing business per employee, to the tune of 250%, over five years
- BaNCS ADK – Build your own apps
- Cash Management – Optimizing cash quickly and efficiently
- Compliance -Build strength into compliance
- Core Banking – Scale new heights in banking
- FATCA Compliance – Ensure compliance with an intelligent and configurable solutio
- Global Channel Partner Program – An easy-to-use solution, delivered through our partners, to empower financial institutions imbibe banking best practices, benefits of flexible and open architecture and pre-configured products
- 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
- Service Integrator – The financially aware middleware
- Reconciliations – Streamlined, end-to-end reconciliations
- Retail Banking -Rapid time to market for your solutions
- TCS BaNCS Digital – Allow any place, any time banking
- Treasury – STeP up treasury operations
- Wealth Management – Enable greater transparency in wealth management, faster