Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced that Ziraat Bank, Turkey, has selected the TCS BaNCS core banking platform for a multi-country implementation as part of its international growth strategy. This transformational engagement, which commenced in July 2012, follows a 'model office solution' approach towards the deployment across multiple countries in Europe.
The critical factors behind TCS BaNCS selection as the solution of choice by Ziraat Bank were its flexibility and parameterization. These in turn are complemented by TCS' delivery certainty paradigm as experienced by more than 280 customers worldwide.
Yunus Uygur Kocaoglu, General Manager, Fintek, Ziraat Bank said, "We are excited about deploying the TCS BaNCS core banking platform for international operations of Ziraat Bank in Europe. With this high-performance, flexible, integrated solution, we are looking forward to catering to dynamic and local customer requirements across multiple geographies in a standardized manner. TCS brings an established track record of multi-country implementations and we are delighted to leverage that global track record in a fruitful partnership."
Commenting on the new win, N Ganapathy Subramaniam, President, TCS Financial Solutions said, "We are delighted to be part of the global growth journey that the Bank is embarking on. We are keen to leverage our 'model office solution' that will help the bank adopt the best practices driven global operating model, one service delivery standard and local expertise. Coupled with our implementation certainty, we are confident that we can contribute to the Bank's transformation and growth. We are also happy to collaborate with our local Turkish partner Ultima Bilgi Teknolojileri A.S. along with Fernbach and RSystems International and Ultima information technologies in this endeavor."
Most banks with an international presence today see merit in using standard core banking solutions as part of their growth strategy. With the goal of providing standardized views and offerings, combined with modest adaptation to reflect local requirements and regulatory compliance, these solutions provide better ROI and TCO. The integrated TCS BaNCS core banking platform comprising loans, deposits, trade finance, treasury, CRM, regulatory and compliance modules, among others, will help Ziraat Bank extend its international footprint in a short time. With an award-winning, industry-recognized, high-performance solution such as TCS BaNCS, Ziraat Bank will be able to provide its customers with efficient customer service while adding additional flexibility, a much-needed attribute in today's changing financial services landscape.
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