TCS BαNCS Core Banking solution supports commercial, retail and Islamic banking, microfinance, factoring, and wealth management processes. Benefits that banks can derive from the solution may be outlined in terms of:
Growth (Unique Positioning) - Customers have experiencedenhanced presence within their target markets. For example, our customers in Taiwan have been able to realize significant business benefits following the implementation of our solutions. These benefits range from TCO savings in excess of 48%, ROI within 2.5 years, and nine-fold improvement in backoffice to front-office operational efficiencies
Speed and Cost to Market - Provide customers with a state-ofthe-art solution for the immediate term while allowing for continued expandability in the future
Reduced TCO and Investment Protection - The design and modularity of the TCS BαNCS solution protects customers’ initial investments by ensuring that it can scale up and support the customer’s growth plans. As the breadth and depth of requirements expand, and the business grows in volume and complexity, and as increasing levels of automation are required, the extra processing power and banking functionality can be provided incrementally.
This expansion can be done in a timely disruption to the systems’ operations and, most importantly, software modification is not required. Simplification of technology and operations, and superior performance, results in significant reductions in TCO as experienced by many of our clients. For example, one of our customers experienced TCO reductions greater than 50% following the implementation of TCS BαNCS Core Banking Centralized Customer Information Facility and Risk Management - The Customer Information Facility embodying Customer Relationship Management offers a consistent view of customer data and a common set of services to all products as well as external systems. It manages all known relationships with any given customer, including company and family affiliations. It is this capability that enables comprehensive enterprise-wide risk management
The value of TCS as a partner for financial institutions is the culmination of TCS highly skilled resources, extensive industry knowledge, relevant local experience, and the TCS BαNCS Core Banking integrated product suite. This combination presents a unique and proven solution for financial institutions and one that mitigates significant risk in undertaking even the
most complex projects.
TCS BαNCS Core Banking solution supports commercial, retail and Islamic banking, microfinance, factoring, and wealth management processes. Benefits that banks can derive from the solution may be outlined in terms of:
Growth (Unique Positioning) - Customers have experienced enhanced presence within their target markets. For example, our customers in Taiwan have been able to realize significant business benefits following the implementation of our solutions. These benefits range from TCO savings in excess of 48%, ROI within 2.5 years, and nine-fold improvement in backoffice to front-office operational efficiencies Speed and Cost to Market - Provide customers with a state-ofthe-art solution for the immediate term while allowing for continued expandability in the future
Reduced TCO and Investment Protection - The design and modularity of the TCS BαNCS solution protects customers’ initial investments by ensuring that it can scale up and support the customer’s growth plans. As the breadth and depth of requirements expand, and the business grows in volume and complexity, and as increasing levels of automation are required, the extra processing power and banking functionality can be provided incrementally
This expansion can be done in a timely disruption to the systems’ operations and, most importantly, software modification is not required. Simplification of technology and operations, and superior performance, results in significant reductions in TCO as experienced by many of our clients. For example, one of our customers experienced TCO reductions greater than 50% following the implementation of TCS BαNCS Core Banking Centralized Customer Information Facility and Risk Management - The Customer Information Facility embodying Customer Relationship Management offers a consistent view of customer data and a common set of services to all products as well as external systems. It manages all known relationships with any given customer, including company and family affiliations. It is this capability that enables comprehensive enterprise-wide risk management. The value of TCS as a partner for financial institutions is the culmination of TCS highly skilled resources, extensive industry knowledge, relevant local experience, and the TCS BαNCS Core Banking integrated product suite. This combination presents a unique and proven solution for financial institutions and one that mitigates significant risk in undertaking even the most complex projects.
