Old Mutual’s Savings & Income (S&I) Products Implemented with TCS BaNCS

by TCS Financial Solutions | Case Study

Old Mutual is South Africa’s first mutual life assurance society employs over 30,000 people and operates in 14 countries across Africa and Asia.

As a part of its strategic initiatives, Old Mutual is launching a new line of savings and Income products and TCS BaNCS was selected as its delivery partner for the program. The insurer piloted its new insurance platform based on TCS BaNCS for Insurance, prior to a complete go-live in 2021.

Building on a three year long working partnership, TCS BaNCS seamlessly carried out this challenging transformation across 24 insurance products including sales, servicing, fund management, claims, correspondence, calculations and accounting. The scope of this transformation also covered a digital front-end solution and an advisory portal, all while responding to the regulatory changes and ensuring an enhanced digital user experience.

Read more on how TCS BaNCS demonstrated accelerated delivery on a fast timeline, even with the disruptions related to the COVID-19 pandemic.

About TCS Financial Solutions

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.

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