TCS BaNCS – Turning our Technology to your Advantage
The TCS BaNCS suite of products are 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.
TCS BaNCS aspires to be better than established benchmarks, which is why we’ve embedded an Alpha (“α”) consciously and prominently within our brand, to remind ourselves of the superior returns that we strive to deliver to our customers. TCS BaNCS products span banking, capital markets and insurance and our designed on a Digital First, Cloud FirstTM philosophy. Our banking solution services more than 25% of the global population, with two of the largest core banking installations running on TCS BaNCS, processing more than one billion (1BN) accounts.
The capital markets solutions cover 100+ countries, with more than 10 MN trades settled and serviced on TCS BaNCS daily and have driven transformation in markets worldwide. Our insurance solution services over 20 MN life, annuity and pension policies and 135 MN+ property and casualty solutions worldwide.
TCS BaNCS Cloud is a one-stop SaaS offering that has been adopted by banks of varying sizes across the globe for its future-ready digital architecture, functionality, business agility and operational efficiency. Its proven application architecture ensures anytime, anywhere digital access, scalability, resilience, high performance, and compliance.
TCS BaNCS Cloud, our SaaS offering:
• A specialized “Industry Solution Cloud” for business solutions in the SaaS model across Banking, Capital Markets and Insurance
• Leading credit unions in the UK have adopted TCS BaNCS Cloud to drive down costs and go to market faster with new products
• One of the leading banks in the USA has adopted TCS BaNCS Cloud to unify its lending operations
• 34 customers across the globe (US, Europe, UK, India, MEA) and 27 new customers added in the last two years, indicating rapid growth
• 170+ banks in India run on C-edge, notching 100 MN transactions per month Customer Successes
• Peoples State Bank consolidates three different core platforms onto a unified core platform with TCS BaNCS Cloud for Banking™
• Continental Bank in the US has selected TCS BaNCS Cloud for Banking™ to digitally transform its business • Capital Credit Union and Scotwest Credit Union formed CUSSCO to become the first credit union cooperative in Scotland to introduce a tier-one banking platform to its members
• Myanmar-Based insurer leverages TCS BaNCS to accelerate innovation and enhance customer experience
• Bajaj Allianz General Insurance moves to the Cloud with TCS BaNCS™
TCS BaNCS is also blockchain enabled in a unique coexistence model, with Quartz, The Smart Ledgers, and has the power to bring organizations together by creating future state ecosystems that amplify value, reducing duplication and engendering trust.