Latest news with #TCSBaNCS
&w=3840&q=100)
Business Standard
10 hours ago
- Business
- Business Standard
TCS partners with CEB to modernise bank's reconciliation systems
Tata Consultancy Services (TCS) has partnered with the Council of Europe Development Bank (CEB) to modernise and automate the bank's reconciliation processes. TCS will implement its TCS BaNCS for reconciliations platform, leveraging artificial intelligence and automation to streamline complex transactions, improve transparency, and reduce manual effort, according to a regulatory filing. The new solution will automate the entire reconciliation lifecycle, providing real-time visibility and faster processing for the CEB. "With the deployment of TCS BaNCS, the CEB will be able to gain significant efficiency in operations, which gives the bank the ability to operate on a higher scale," Venkateshwaran Srinivasan, Global Head - Financial Solutions at TCS, said. *** HCLTech partners with European energy firm * HCLTech has entered a multi-year strategic partnership with European energy firm Under the agreement, HCLTech will establish a private cloud and manage cloud and network operations globally for hyperscalers, leveraging AI and hyperautomation to accelerate its DevOps-led transformation, according to a company statement. The collaboration aims to enhance operational efficiency, innovation, and agility in responding to market demands.
Business Standard
14-05-2025
- Business
- Business Standard
TCS partners with Khan Bank, Mongolia
TCS to deploy its TCS' BaNCS to modernize Khan Bank's core banking platform Tata Consultancy Services (TCS) has entered into a strategic alliance with Mongolia's Khan Bank to help modernize its core digital banking platform and transform its banking operations. Leveraging the flagship TCS BaNCS Global Banking Platform (GBP), Khan Bank is set to embark on a digital transformation program to streamline processes, improve efficiency, and enhance customer experience. Khan Bank is a leading Mongolian national commercial bank with 548 branches spanning the country. It provides comprehensive banking and financial services to over 82 percent of Mongolia's total population (2.9 million customers). Khan Bank has been an existing customer for TCS' BaNCS platform for close to 25 years. Building on this long-standing partnership, the TCS BaNCS Global Banking Platform will help the Bank streamline and modernize several critical business functions, including the Customer Information File (CIF), trade finance, treasury, international payments, and loans and deposits. The TCS BaNCS product suite will be deployed across Khan Bank's operations including a consolidated treasury management platform supporting the wide range of asset classes offered by the bank, alongside real-time monitoring, risk exposure analysis, and advanced reporting capabilities. TCS BaNCS, an innovative and adaptive digital-first core banking solution, which has proven to support several leading global banks, will help Khan Bank enhance its digital portfolio, reduce time to market, and streamline operations. The solution will help accelerate time-to-market for new products and services allowing Khan Bank to fast-track response to customer demands and roll out new innovative offerings. TCS will help the bank in scaling its digital banking operations, in turn ensuring that the bank's services seamlessly reach a wider customer base contributing to its pure digital bank strategy.
Business Standard
12-05-2025
- Business
- Business Standard
TCS soars after signing digital transformation pact with Oman's largest insurer Dhofar Insurance
Tata Consultancy Services jumped 4.68% to Rs 3603.45 after the company announced agreement with Oman-based Dhofar Insurance Company for transforming its core insurance platform. Incorporated in Oman in 1989, Dhofar Insurance Company (DIC) is the largest insurance enterprise in Oman. It has a market share of over 18% in the general insurance space in the region. As a part of the collaboration, TCS will accelerate DICs digital transformation journey, by setting up a modern insurance platform with next-gen technologies and improve customer and advisor experience across its key business offerings including life, medical, general and motor insurance. TCS will help DIC harmonize several existing product lines and drive business agility while rolling out new products. R Vivekanand, president, BFSI Products & Platforms, TCS, said: We are delighted to partner with Dhofar Insurance Company on the modernization journey of their insurance platform, and further expand our presence in the region. We are confident that Dhofar Insurance Company will be able to achieve breakthroughs in productivity, elevate customer and advisor experience with the Next-gen TCS BaNCS; and in the process accelerate business outcomes. TCS has a presence of over 20 years in Oman and is working with leading companies in the field of telecom, securities and some of the biggest banks and financial institutions in the country. TCS also opened its first office in Oman earlier this year, echoing TCS' commitment to driving digital transformation and supporting the economic and social development goals outlined in Vision Oman 2040. Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. On a consolidated basis, TCS reported a 1.26% decline in net profit to Rs 12,224 crore while revenue from operations rose 0.79% to Rs 64,479 crore in Q4 March 2025 over Q3 December 2024.
Business Standard
22-04-2025
- Business
- Business Standard
TCS inks agreement with ICICI Securities for upgrading its retail trading platform
Tata Consultancy Services said that it has entered into an agreement with ICICI Securities for modernizing the latter's industry leading retail trading and brokerage platform. Through this collaboration, TCS aims to deliver a scalable, high performance trading solution for ICICI Securities customers, driving innovation in Indias capital markets. As part of this initiative, TCS will deploy the trading solution of TCS BaNCS. The solution would help ICICI Securities to improve the agility of its platform. This collaboration will also enhance ICICI Securities key brokerage functions including order management, connectivity to major exchanges like BSE, NSE, and MCX, online risk management, clearing and settlement, corporate actions, customer management, and contracting. R Vivekanand, president, BFSI products & platforms, TCS said: This partnership with a market leader further extends TCS' leadership in the capital markets industry and validates our commitment to delivering best-in-class trading solutions. By transforming ICICI Securities brokerage platform, we are not only enhancing its current capabilities but also future proofing it with cloud readiness, and advanced scalability. This initiative will ensure seamless integration with leading exchanges and facilitate a more agile and robust trading ecosystem in one of the worlds fastest growing markets. Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. On a consolidated basis, TCS reported a 1.26% decline in net profit to Rs 12,224 crore while revenue from operations rose 0.79% to Rs 64,479 crore in Q4 March 2025 over Q3 December 2024. The scrip shed 0.27% to currently trade at Rs 3312.50 on the BSE.
&w=3840&q=100)
Business Standard
22-04-2025
- Business
- Business Standard
ICICI Securities partners with TCS to upgrade retail trading platform
Tata Consultancy Services (TCS) on Tuesday announced a partnership with ICICI Securities to modernise its retail trading and brokerage platform. Through this collaboration, TCS aims to deliver a scalable, high-performance trading solution for ICICI Securities customers, driving innovation in India's capital markets. As part of this initiative, TCS will deploy the trading solution of TCS BaNCS, allowing ICICI Securities to improve the agility of its platform and provide customers with an intuitive, state-of-the-art trading and wealth creation experience tailored to evolving market demands. 'This partnership with a market leader further extends TCS' leadership in the capital markets industry and validates our commitment to delivering best-in-class trading solutions. By transforming ICICI Securities' brokerage platform, we are not only enhancing its current capabilities, but also future proofing it with cloud readiness, and advanced scalability,' R Vivekanand, president, BFSI Products & Platforms, TCS said. This collaboration will also enhance ICICI Securities key brokerage functions, including order management, connectivity to major exchanges like BSE, NSE, and MCX, online risk management, clearing and settlement, corporate actions, customer management, and contracting, said the company in a statement. 'At ICICI Securities, technology has always been at its core. By adopting TCS BaNCS, we will empower our customers with a seamless and high-performance trading ecosystem. We are delighted to partner with TCS and together we will be creating a future-ready platform for superior customer experience in India's brokerage sector,' TK Srirang, MD & CEO, ICICI Securities said. TCS handles nearly 30 per cent of retail trading volumes in India through its brokerage solutions that support over 30 organisations, including top banks and brokerage institutions.
