TCS BaNCS for Islamic Banking

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Overview

TCS BaNCS for Islamic Banking supports sophisticated and flexible product manufacturing processes that allow banks to build new products rapidly and well ahead of the competition. It offers full range of banking products and services.

Encompassing Islamic products such as Murabaha, Musharaka, Istisna, Mudaraba, Ijara, as well as Takaful or insurance, the solution can help banks with:

  • Complete transaction life cycle support
  • Variety of deposits and financing arrangements
  • A wide range of foreign exchange activities, remittances, payment as well as card
  • 360-degree views of the customer as well as of the bank
  • Enterprise-wide information relating to regulatory reporting, risk management
  • Compliance with the Shariah law, AAOIFI accounting standards, and IAS

Key Benefits

  • Enables platform flexibility, cost efficiency and unmatched scalability
  • Allows for rapid product development and process configuration
  • Enables innovation and development of new instruments

Product/Service details

Geographic Availability
Asia-Pacific, Middle East