Our mission is to provide best of breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients. With a global customer base in excess of 450 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide.
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS.
The TCS BaNCS product suite is designed to help financial services institutions enhance end customer experience, enabling them to embrace open and innovative technologies that embody true digital customer engagement. Deployed at more than 450 installations worldwide, it is the largest collection of components, enterprise and consumer apps for the financial industry made available through the cloud, helping firms become more agile and intelligent by leveraging the power of new and extended ecosystems.
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India’s largest multinational business group, TCS has over 469,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index.
TCS BaNCS enables transformation in financial services through a superior and holistic suite of solutions for banks, capital market firms, insurance companies, and diversified financial institutions.
Each solution in the TCS BaNCS family has been designed to run as a scalable and robust service, fully integrated with existing business models, enterprise infrastructures and technology architectures.
Solutions from TCS BaNCS:
Global Banking Platform
Global Securities Platform
Global Investment Platform
Corporate Loan Origination
Global Risk Management
Central Payments Infrastructure
Life, Annuity and Pensions
Property and Casualty
TCS BaNCS aspires to be better than established benchmarks. The Alpha symbol in TCS BaNCS signifies:
Transformation – Enabling transformation through a superior and holistic product suite covering banking, capital markets and insurance
Accountability – Holding ourselves accountable for promised results. Truly delivering on the promise of ‘experience certainty’
Co-innovation network – A partnership that serves as a framework for sharing best practices and innovation
Superior performance – Consistent, impressive benchmark results, supporting financial institutions for the highest capacities. Superior performance in delivery, providing financial institutions with a competitive edge
Through our Digital First, Cloud First philosophy that drives all of our product and solution design, we help firms transfer non-differentiated assets to the cloud or an ecosystem of industry utilities and fintech businesses. This, in turn can give the firms increased flexibility together with access to new cognitive technologies such as AI.
By empowering our customers to embrace risks, leverage new and extended ecosystems, and create exponential value—which are key elements of the TCS Business 4.0™ framework — we are able to foster growth and transformation, equipping financial institutions with a clear and differentiated advantage.
Venkateshwaran Srinivasan, Head, TCS Financial Solutions, R Vivekanand, Co-Head, TCS Financial Solutions