TCS to streamline complex transactions for CEB of Paris
Tata Consultancy Services (TCS) has partnered with the Council of Europe Development Bank (CEB), a Paris-headquartered social development bank that promotes social inclusion in its 43 member states across Europe, to modernise its operations and drive greater efficiency. As part of this collaboration, TCS would deploy TCS BaNCSTM for Reconciliations to help the bank streamline complex transactions and automate key reconciliation processes using artificial intelligence and automation, the tech firm said.
By deploying TCS BaNCS for Reconciliations, the CEB would be able to automate the entire reconciliation lifecycle—from transaction matching and exception handling to investigation and reporting.
The product would provide real-time visibility and greater transparency, while reducing manual effort and turnaround times. Its integration with the bank's core systems would allow for better control and faster daily reconciliations.
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