December 26, 2024 06:06 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Boat capsizes off Calangute Beach in Goa; 1 killed, 20 rescued | Canada announces change to immigration system, likely to impact Indians seeking permanent residence | Azerbaijan Airlines tragedy: 32 passengers rescued, flight attempted several emergency landing before crashing | Man sets himself on fire near Parliament building; locals, police rush him to hospital | Azerbaijan Airlines passenger plane enroute to Russia with over 70 people onboard crashes in Kazakhstan | Atishi will be arrested in fake case, claims Arvind Kejriwal after Delhi govt disowns health and women's schemes | Delhi govt departments disown Arvind Kejriwal's major poll promises, AAP chief reacts | 'Our nation will always be grateful to him': PM Modi writes article in tribute to Atal Bihari Vajpayee on his birth centenary | Syria: Christmas tree set on fire by suspected 'Islamists', Christians protest | Pakistan strikes TTP camps in Afghanistan, Taliban government claims civilians killed

TCS BaNCS drives next generation banking services at IDFC Bank

| | Dec 08, 2015, at 04:03 am
#TCS BaNCS # next generation banking services # IDFC Bank
Mumbai/Kolkata, Dec 7 (IBNS): Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, announced that IDFC Bank has gone operational with TCS BaNCS for Core Banking, thereby enabling next generation banking services that are more personalized, convenient and faster. IDFC Bank started operations on October 1, 2015, with 23 branches, powered by TCS BaNCS.
The Core Banking solution equips IDFC Bank with a flexible, easy-to-scale system that will help it deliver a differentiated customer experience. 
 
Commenting on the implementation of TCS BaNCS, Rajiv Lall, Managing Director & CEO, IDFC Bank, said, “IDFC Bank intends to use technology to relentlessly drive efficiency, with a new approach to service and inclusive banking. To achieve this, it requires a system that is nimble, smart, and one that would host all products and processes within a common architecture. Our selection of TCS BaNCS was based on this fundamental premise.”
 
N. Ganapathy Subramaniam, President, TCS Financial Solutions, said, “We are pleased to report the go live of TCS BaNCS at IDFC Bank within a year, laying the foundation for customer-centricity, business resiliency, and operational efficiency. It is really gratifying to see that a modern bank is taking shape, supporting digitally empowered customers and corporates as well as reaching out to the unbanked as a focused business.”
 
TCS was selected by IDFC Bank for its best-of-breed technology and established track record of having deployed more than 300 similar projects worldwide, including those at some of the world’s largest banks. 
 
In about 9 months, IDFC Bank has implemented solutions for core banking, corporate loan origination, financial inclusion and Global Limits and Exposure Management (GLEM) from the TCS BaNCS suite and has integrated them with a host of additional systems within the Bank. Thereby, it has created a complete and efficient ecosystem to acquire and service customers across retail and corporate segments.
 
IDFC Bank is committed to offering new-age, tech savvy banking solutions, backed by a unique distribution network. The Bank has started operations in rural banking, corporate and wholesale banking and treasury, in the first phase. It is expected to soon roll out personal and SME banking services.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am