TCS BaNCS caters to the entire financial services industry including banking, capital markets and insurance sectors. TCS BaNCS is a market-ready universal financial services application platform that offers end-to-end functionality for financial institutions. The TCS BaNCS product suite enables business transformation in financial services by:
Over the years as a company we have collected a number of awards and accolades including being accredited with the SWIFTReady label, for the fourth time in a row, in 2011. In the same year, Global Finance magazine named TCS BaNCS customer DBS as a winner in its eighth annual ranking of the world's 'Best Sub-Custodians'.
We aspire to be better than established benchmarks, which is why we have embedded Alpha (a), representing the superior returns delivered to our customers, consciously and prominently within our brand.
The 'plug and play' component-based product suite consistently turns in impressive benchmark results. It has a finely-tuned, highly-scalable architecture that supports various financial institutions with the highest capacities for transaction volumes, peak transactions per second, and transaction history size. With such a good track record, it is only natural that the TCS BaNCS product suite can help financial institutions of any size gain a distinct, competitive edge.
With a return to conservative banking practices and business models, enterprise risk and performance management are gaining prominence in the industry. For their businesses, clients need the right mix of interactive, user-friendly and efficient technologies that deliver flexibility and greater operational control.
The TCS BaNCS platform encompasses an array of pre-configured, customisable banking products such as universal banking, core banking, payments, compliance and channels. All these products are integrated across their respective value chains through business process configurability available in the service integrator component of the product suite. Built on open architecture, this component-based product suite leverages service-oriented and event-driven architectures. Our range of banking solutions in this sector includes:
Competition in capital markets today hinges on providing customers with a satisfactory service across all borders, markets and instruments. Capital markets firms have to contend with stringent regulations on transparency and execution quality and meet growing customer expectations for integrated market data, execution quality and adherence to portfolio objectives. TCS BaNCS supports both buy-side and sell-side capital market firms, with error-proof processes for solutions that include:
Changing demographics have increased the risk factor in transactions. As a result, insurers need to respond with systems that can access risks, underwrite new products and provide helpful customer service.
TCS BaNCS insurance solution suite comprises individual and group life, reinsurance, property and casualty, workers' compensation, and product workbench.
Our TCS BaNCS insurance solution provides a range of insurance solutions helping you meet your customer's expectations. Insurers benefit from:
TCS Financial Solutions
Tata Consultancy Services
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