SCB - Innovation Agenda Aims to Drive Efficiency in End-to-end Processing
To further their innovation agenda, the bank decided to bring in enhancements to their data management and cloud architecture, which required the creation of a set of comprehensive APIs. To facilitate this, Standard Chartered needed to unify its implementations of TCS BaNCS for Custody and Corporate Actions platforms.
Leveraging a joint governance model, the consolidation activity was carried out flawlessly, ensuring consistent communications and alignment to the project priorities, while reacting quickly and effectively to the market volatilities and unexpected scenarios.
With 70 percentage of its markets currently operating on the new integrated platform, the project marked a major milestone in the bank’s cloud-first journey, providing a strong and scalable core banking platform, enhanced customer service, ISO 20022 support and cloud-native capabilities.
Read more on how TCS BaNCS enabled Standard Chartered Bank to take full advantage of the combined core platforms.