TCS BaNCS - Core Banking

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The TCS BaNCS Global Banking Platform comprises innovative and adaptive digital apps and a digital core richly enabled for business supporting a wide range of products and services across asset types - assets and liabilities, cash, securities and crypto assets for a wide variety of use cases in the financial services industry. This solution accelerates the digital transformation of traditional businesses by unshackling them from the constraints of legacy technology and powering the ambition to play into the overall ecosystem powered with a rich catalogue of APIs.

Key Features

The TCS BaNCS Global Banking Platform is designed to give your customers the experience they are looking for through:

1. An API-First Platform – While APIs enable ease of integration delivering superior customer experience, TCS BaNCS’ Open banking capabilities help unlock the new business models of Banking-as-a-Service and embedded finance.

2. A Digital First, Cloud First Core built for advanced core banking with out-of-the-box support for end-to-end lending, savings, deposits, payments, trade finance, fees, and pricing capabilities with multi entity and multi currecy enabling data and processing model. Its componentized architecture enables rapid, agile development and ensures you to reap the benefits of continuous integration, deliveries, and continuous upgrades.

3. Ecosystem enablers: Continuously expanding the breadth and depth of solutions from the TCS BaNCS Marketplace for holistic solutions, aiding an outside-in approach and reimagination of customer life events through curated use cases.

4. Microservices-based solution for the future: The banking platform can be implemented as is or banks can pick and choose only components relevant to them. A microservices architecture enables the bank to carry out a well-calibratedtransformation strategy, preparing them for the ‘next normal’ world.

5. Flexible configuration: This means faster personalization/tailoring of products and services and quicker time to market.

6. Cognitive technologies, driving personalization, insight-driven decision making and contextualization

7. Harness the power of data – Reap the benefits of a single-source-of-truth as an Enterprise Data Layerwhile crafting unique propositions through analytical insights

Key Benefits

TCS BaNCS delivers substantial results to banks, through:

1. Driving growth with limitless customer-centric innovations delivered through microservices, rich library of APIs and extensions

2. Functional richness to provide a variety of modern products in todays digital world of banking

3. Better return on investment with streamlined technology infrastructure leveraging the power of the cloud

4. Enhanced efficiency through automation and ready connectivity standards (ISO20022, IFX etc.)

5. Accelerated time to value with support for continuous development and DevOps

6. By uncovering new collaborative Revenue models through configurability and Open Banking elements

7. Better value for Money in the form of committed maintenance including compliance with local and international regulations.

Product/Service details