US-based Central Bank taps TCS for core banking upgrade
The Missouri-headquartered bank will deploy the vendor’s flagship TCS Bancs core banking system.
TCS
Report: Trends in technology for the wealth management community
Delving into the wealth management industry issues, competing priorities, budget, expertise and culture – now and in the future.
Commercial Bank of Kuwait picks TCS treasury solution
The Middle Eastern bank is looking to transform its treasury operations.
Bancolombia turns to SunTec for enterprise pricing solution
SunTec says it has partnered with TCS “for a first-of-its-kind deployment in Latam”.
Major Indian IT firm TCS in talks to buy Deutsche’s Postbank tech unit
Postbank Systems provides IT services to Postbank, which Deutsche bought back in 2010.
Emirates NBD deploys new payments hub with TCS Bancs
The UAE bank goes live on TCS Bancs after kicking off the project in 2019.
Tinkoff launches automated micro-investing service
The bank is offering its 10 million customers an ‘Investment Box’.
EXCLUSIVE: TCS to power Israeli digital bank with debut platform offering
Unnamed new challenger will use TCS for its entire tech stack.
Two UK credit unions live on TCS Bancs
TCS confirms Voyager Alliance and RetailCUre deployment of cloud-based Bancs.
TCS migrates ABCUL credit unions to Bancs on the cloud
Voyager Alliance, East London and RetailCURe moved to the new platform.
Scottish Widows goes digital with TCS
Lloyds’ life and pensions arm goes modern.
Länsförsäkringar Bank completes TCS core banking implementation
The new solution is expected to enable flexibility in services and pricing.
TCS wins core replacement at National Bank of Bahrain
NBB is replacing an extremely old core system, TC4, which was developed by an Indian company, CMC Limited.
Citi tests out TCS Bancs for core system revamp
EXCLUSIVE. The bank is testing the platform in Singapore.
Kuwait’s central bank goes live with TCS Bancs
After a five-year upgrade.
Emirates NBD upgrades payments system with TCS
TCS Bancs scores again.
Top ten insurtech stories in 2018
Ensure you’re up to speed with the insurance scene in our top ten insurtech stories in 2018.
New Development Bank goes live with TCS Bancs for Treasury
Picked for its range of asset classes and cloud-based systems.
Bahrain National Holding in insurtech revamp with TCS Bancs
New tech is part of BNH’s “ambitious transformation strategy”.
Saudi Real Estate Refinance Company live on TCS Bancs core system
TCS says this is the “first of its nature deployment in the Middle East region”.
PostFinance in core banking tech upgrade
Swiss Post’s financial services arm will be updating its core banking software over the Easter weekend.
TCS drools over two delicious insurtech deals for $2.7bn
Two separate deals with Prudential and Transamerica.
TCS makes Intel-ligent move for new AI centre
Tata Consultancy Services (TCS) will set up an artificial intelligence (AI) “Centre of Excellence” (CoE) with Intel as they join the horde hoping to prosper in this highly competitive market. The new AI CoE will be equipped with the usual technologies and experts to assist “Intel Nervana AI Academy” members – including developers, data scientists, […]
TMX Group to overhaul clearing and settlement tech with TCS Bancs
Canada’s TMX Group has recruited TCS to help it renovate its clearing and settlement business technology. The Indian vendor will provide “a single, integrated technology platform” to TMX – TCS Bancs for Market Infrastructure – to replace disparate legacy systems deployed by the Canadian Depository for Securities Limited (CDS) and Canadian Derivatives Clearing Corporation (CDCC).
Build your own app with TCS Bancs kit
Tata Consultancy Services (TCS) has unveiled its Bancs app development kit (ADK) to let banks design and build their own apps. The firm says the ADK enables financial institutions to build their digital offerings without the need for mobile development skills. The ADK comes with its own array of widgets, controls and components; and the […]
MyState in core banking system consolidation
Australia-based MyState Bank has moved onto a single core banking platform, replacing two separate installations. The solution is understood to be TCS Bancs from TCS Financial Solutions.
South Africa’s Mercantile Bank goes omnichannel with TCS Bancs Digital
South Africa-based Mercantile Bank has implemented a new digital channels platform, TCS Bancs Digital, supplied by TCS Financial Solutions.
Bank Yahav live with TCS Bancs core banking platform: “the world’s most complex IT project”
Israel-based Bank Yahav has gone live with a new core banking platform, Bancs, supplied by TCS Financial Solutions. The “pure Java-based” solution is provided on a hosted basis.
Banking Technology February 2017 issue out now
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
London Mutual Credit Union live with new core banking and debit card systems
India-based core banking tech provider TCS Financial Solutions has gained its third live site among the UK credit unions for its Bancs core banking system, London Mutual Credit Union.
State Bank of India merges with associate banks
India’s government has given the green light to the State Bank of India (SBI) to merge with its five associate banks. SBI is already among the largest an India and a sizeable international player, with the total assets of $400 billion and a network of 16,500+ branches (including over 190 international locations across 36 countries). […]
TCS to deliver cloud-based post-trade processing platform to Sernova Financial
Sernova Financial, a UK-based provider of turnkey post-trade services, has recruited TCS to deliver a new cloud-based derivatives post trade processing service. The software underpinning this service is supplied by Calypso. TCS says this tie-up “combines Sernova’s capital markets expertise, Calypso platform’s capability and TCS’s bouquet of capital markets solutions”. Venkat Ramasamy, executive chairman of […]
IDBI Capital goes live with new trading platform, TCS Bancs
IDBI Capital, a subsidiary of India-based IDBI Bank, has gone live on a new securities trading and processing system, Bancs. The system is supplied by TCS Financial Solutions. Bancs supports online brokerage operations at IDBI Capital. It provides front-to-back office functionality and replaced IDBI Capital’s multiple trading and trade processing platforms. According to TCS, IDBI […]
Myanmar: latest IT tenders, implementations and go-lives
KBZ Stirling Coleman (KBZSC) and AYA Trust go live with TCS Bancs, and Bank for Investment and Development of Vietnam (BIDV) looks for a hardware provider for its new subsidiary in Myanmar. KBZSC and AYA Trust TCS Financial Solutions has completed the deployment of its TCS Bancs system to support securities trading and settlement at […]
TCS’s revenues and net profits increase in FY 2016
Tata Consultancy Services’ (TCS) full year (FY) 2016 revenues and net profit rose – boosted by growth in its banking, financial services and insurance (BFSI) operations. Natarajan Chandrasekaran, CEO and MD, TCS, says its core portfolio “performed strongly in a seasonally weak 4th quarter driven by strong volumes led by growth in BFSI, retail and […]
KeyCorp and First Niagara merger – software revamp on the cards?
As US-based KeyCorp prepares to take over its rival First Niagara to create the country’s 13th largest bank, Banking Technology muses what this might mean for the fintech market. A major system selection perhaps, as both banks are currently using dated systems? KeyCorp and its banking subsidiary, KeyBank, hope to finish acquiring First Niagara by […]
Länsförsäkringar Bank opts for TCS Bancs core banking system; rival vendors also busy in Nordics
Sweden’s Länsförsäkringar Bank has become the first bank in the country to take TCS Financial Services’ Bancs core banking system. Meanwhile, Temenos and SAP are also busy with core renovation projects in the region (see below for more details). TCS will provide system integration and support services to Länsförsäkringar, the fifth largest retail bank in […]
UK credit unions busy with tech modernisation
There is a lot of activity going on in the UK’s credit union space, as the participants realise they have no choice but to modernise. So who is doing what? Which technology providers are set to gain and who might be a loser? London Mutual Credit Union and TCS Financial Solutions London Mutual credit union […]
TCS Bank readies Russian mobile wallet for Christmas
Russian bank Tinkoff Credit Systems has become the latest financial institution to launch a mobile wallet service, which is due to go live on 1 December 2013. The new wallet will target Russia and will be available on both Android and Apple iOS devices.
Russia’s TCS bank turns to big data to create value
Clever use of data about customers can be the key to success as customers move from cash to cards, according to Oliver Huwes, chief executive at Russian bank Tinkoff Credit Systems.
