Overview
TCS BaNCS is an integrated platform that empowers banks and financial institutions to offer the best customer experiences by staying agile, omnipresent & embedded in their customers' daily life journeys across retail, business & corporate banking making it easier for their customers to conduct their daily journeys in their ecosystems. TCS BaNCS brings business solutions for the customers & their office organization, through a digital corporate banking portal. It enables bank's relationship managers/corporates’ internal users to conduct the business processes end to end digitally for their needs for managing their assets, liabilities and managing the movement of the money among their accounts to the accounts of third party. TCS BaNCS is a highly secured and robust product processing platforms & leverages 1000+ APIs integrated into the ecosystems in which the customers thrive and add value through mass customization leveraging Data, AI/ML into customer experience.
Key Features
1) TCS BaNCS supports the following key banking-specific engagements in corporate banking apps through rich UI/UX capabilities: a. Customer Onboarding b. Product Origination (Business Accounts, Merchant Wallets, Cards, ODs, Loans, Deposits, Trade Services) c. Client servicing (Overdrafts, Loans, Deposits, Payments, Salary Processing, Bulk Payment Processing, Cheque Books, FX, Guarantees, Letters of Credit, Invoice/cheque discounting) d. E-signatures e. Multi-Channel Alerts & Notifications f. Multi-Director Profiles, Simple to Complex Corporate Entitlement and Authorisation Matrix g. Buyer/Seller, Vendor/Supplier Onboarding and Management h. API banking i. Host to Host connectivity From a core processing capability, the following are the key features: 1. Massive breadth of functional coverage for the Multi-Currency, Multi-Ledger Core Corporate Banking capabilities and very uniquely ready for the Fiat and Crypto/Digital Assets world 2. Support for corporate wise tailored payment file definitions, complex mandate matrices 3. Support for Innovative Products and Services - e.g., Cinderella Sweeps, predictive model-based cash forecasting, Support for corporate M&A, Bulk Reservation of Account Numbers, bulk account opening, Electronic Reporting - SWFT MT, CAMt, Metal Loans 4. Strong support for standards like SWIFT, ISO20022 & Open Finance initiatives 5. Corporate Banking focuses on handling high volume payment processing, embedded FX & fine-grained pricing 6. Unique capabilities to handle multi-subsidiary corporate structures for multi-tiered limits and facility monitoring 7. Deep Capabilities for Value Added services - Virtual Accounts for in-house bank, Inter-company lending and borrowing
Key Benefits
Some of the benefits that customers get by utilizing TCS BaNCS are: 1. TCS BaNCS is a single comprehensive platform that caters to multiple segments like retail, business, corporate. 2. A personalized user experience for superior customer engagement 3. A vibrant and growing TCS BaNCS Marketplace with 100+ partner offerings which help a faster GTM and power innovation strategy of the banks. 4. Promotes efficiency to enterprise user through a single integrated platform, with realtime data processing capability and data availability 5. Availability on cloud, provides flexibility around capex for customers 6. Comes with multi entity, multi-currency, multi country operations 7. Future ready solution built with latest technology and modern architecture. 8. Fully ISO20022 ready platform exposed as 1000+ APIs and 300+ data products covering cash management, liquidity management, trade & FX management, and lending portfolios. 9. True Omni Channel Experience – Provide data consistency and enable customers to commence, continue and complete transactions across channels. 10. A secure application design to gain customer trust – Adhere to secure application guidelines recommended by OWASP and support multiple protocols such as OAuth and SAML
Product/Service details
SOLUTION OR SERVICE TYPE