Banque Saudi Fransi Selects TCS BaNCS™ Global Banking Platform to Enhance Customer Experience
Tata Consultancy Services’ Platform to Leverage the Power of Networks and Enable New and Extended Ecosystems
Tata
Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT
services, consulting and business solutions organization, announced
that Banque
Saudi Fransi (BSF), one of the largest banks in the Kingdom of Saudi
Arabia, has selected the TCS BaNCS™ Global Banking Platform to provide
seamless and contextual customer experiences with a digital core. The
new platform will be deployed across BSF’s corporate and retail banking
groups, Islamic Banking, as well as payments, and will ensure full compliance to SAMA guidelines.
BSF selected the TCS BaNCS Global Banking Platform as its integrated digital core, for
its rich functionality and high-performance architecture. The
platform’s flexibility enables speedy launch of new products and
services while its high level of automation significantly enhances
customer service levels. Designed on a Digital First, Cloud First
philosophy, the platform’s Open Banking capabilities complemented by
TCS’ blockchain offering, Quartz™, will enable participation in larger
ecosystems. Additionally, TCS’ track-record in successfully executing
large, complex transformation programs positioned it as a trusted
partner for this undertaking.
This
latest win adds to the string of successful partnerships that TCS has
built with leading financial institutions in the Kingdom, as well as
across the rest of the Middle East, over the last two decades.
Thamer Yousef, COO, Banque Saudi Fransi, said, “Our mission is to become the most modern, innovative and experience-focused bank in the region. We believe that our partnership with TCS BaNCS will help us towards meeting the challenges of the future.”
“Progressive
banks are seeking to differentiate themselves in a Business 4.0™ world
by investing in technology to enable mass personalization and to
leverage ecosystems. Our strong product vision and roadmap has made TCS
BaNCS the preferred digital core to help them become future-ready,” said Venkateshwaran Srinivasan, Head, TCS Financial Solutions. “We
are proud to be selected as the transformation partner by Banque Saudi
Fransi and are committed to the success of their journey.”
The TCS BaNCS Global Banking Platform, also available in a SaaS model, is
an integrated suite that helps banks and financial institutions offer
innovative products and services to customers throughout their life
journeys, based on their anticipated requirements and over the devices
of their choice. The
solution has one of the richest collections of API-enabled components
addressing wealth management and retail, corporate and private banking,
including digital banking for all segments. It supports a variety of
products and services covering assets and liabilities and can fit the
business and operating model of a bank with an assured 24x7x365
availability, as evidenced at the 450 sites where it is installed
successfully.
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