TCS BaNCS positioned as "Technology Standout" in Celent's Reconciliation Systems: Solution for Capital Markets Firms report. Celent states: TCS BaNCS for Reconciliations is designed to be business agnostic and can be used to reconcile transactions and accountings from any line of business and asset classes; it has been implemented in capital markets, banking, and other financial services-related organizations. It has developed a cognitive reconciliation engine, enhanced data pre-processing methods, custom reporting/dashboards, APIs for integration, and online archiving. It uses ML techniques to define match rules by running ML algorithms on the data that needs to be matched. To know more: https://lnkd.in/e7x2Ersw #cognitivereconcliationengine #reconciliationsystem #mlalgorithm #frictionlessjourneyswithtcsbancs
TCS BaNCS
IT Services and IT Consulting
Mumbai, Maharashtra 17,202 followers
Creating Frictionless Digital Financial Services Journeys
About us
Harnessing cutting-edge technology and innovation for sustainable, purpose-driven transformations globally with TCS. TCS BaNCS suite of products from Tata Consultancy Services is enabling financial institutions worldwide in structuring and delivering contextual, and frictionless experiences to their customers. “Creating frictionless digital financial journeys” From the front office to the back office, be it retail or commercial banking, be it the custody value chain or a private wealth management scenario, we constantly seek new ways to create smoother customer journeys. Deployed at more than 450 installations worldwide, it is the largest collection of components, enterprise and consumer apps for the financial industry made available through the cloud, helping firms become more agile and intelligent by leveraging the power of new and extended ecosystems. • 2 of the world's largest core banking implementations run on TCS BaNCS, processing 1Bn accounts. • 8 of the top 10 custodians worldwide run on TCS BaNCS. • TCS BaNCS for Market Infrastructure performs clearing and settlement in 25+ markets worldwide. • The TCS BaNCS for Insurance solution services over 30 MN Life, Annuity and Pension Policies and 135 MN Property and Casualty policies across the globe. With TCS BaNCS, transformation is within reach.
- Website
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https://www.tcs.com/what-we-do/products-platforms/tcs-bancs
External link for TCS BaNCS
- Industry
- IT Services and IT Consulting
- Company size
- 10,001+ employees
- Headquarters
- Mumbai, Maharashtra
- Specialties
- Financial Technology, Digital Solutions, Cloud Solutions, Advanced Analytics, Banking Platform, Capital Markets, Core Insurance, Real Time Payments, Wealth Management, Corporate Loan Origination, Corporate Actions, Securities Trading, Market Infrastructure, Policy Administration, Reinsurance, Asset Servicing, Post Trade Processing, Instant Payments, SaaS Banking, and Treasury Management Solution
Updates
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TCS BaNCS is honored to have won the "Best Strategic T+1 Partner" at the FTF Technologies Innovation Awards 2024. Thank you, Financial Technologies Forum (FTF) for hosting such a wonderful awards evening. https://lnkd.in/gEsNkJYR #industryawards #frictionlessjourneyswithtcsbancs
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TCS BaNCS reposted this
🎉 🏆 𝗜𝗕𝗦𝗶 𝗦𝗟𝗧 𝟐𝟎𝟐𝟒 - 𝗪𝗶𝗻𝗻𝗲𝗿 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁 👏 🎉 Huge congratulations to TCS BaNCS for their multiple wins at the recent IBSi Sales League Table Awards 2024! This solidifies them as one of the leading vendors in FinTech and is reflected across categories: ➡Best in Card Management ➡Best in Islamic Banking - Retail Lending ➡Best in Corporate Lending ➡Best in Enterprise Reconciliation ➡Best in InsurTech Solutions ➡Best in Retail Core Banking ➡Best in Retail Lending ➡Best in Retail Payment Systems ➡India Domestic SLT Leader - Retail Core ➡Regional Leader - North America ➡SLT Global Leader - Digital-Only Banks ➡SLT Global Leader - Product Breadth See the full list of winners here: https://lnkd.in/dV3Ng2zn 𝗜𝗕𝗦𝗶 𝗦𝗮𝗹𝗲𝘀 𝗟𝗲𝗮𝗴𝘂𝗲 𝗧𝗮𝗯𝗹𝗲 𝗔𝘄𝗮𝗿𝗱𝘀 𝟮𝟬𝟮𝟰 #SLT2024 #IBSi #FinTech #IndustryLeaders #LondonEvents #FinTechAwards #corebanking #bankinginnovation #DigitalBanking #IslamicBanking
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We welcome Strands to the TCS BaNCS Marketplace. Strands helps banks provide personalized and intuitive banking experiences, enabling customers to improve their saving habits, manage debt better, and achieve financial wellness. To know more: https://lnkd.in/g4XQQGbD #personalizedbanking #financialwellness #datadrivensolution #tcsbancmarketplace
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TCS BaNCS has been recognized in different categories in the IBS Intelligence Annual Sales League Table 2024. We have been ranked #1 in: • Retail Banking | Core • Reconciliation • InsurTech • Regional Leaders - North America • Global Leadership- Product Breadth To know more: https://lnkd.in/dV3Ng2zn #frictionlessjourneyswithtcsbancs #ibssltawards #recognitions
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We at TCS congratulate our client Nest on the launch of their new mobile app! Our collaboration is consistently a source of fulfillment for us, and we join your excitement on this momentous day.
Today we launched our mobile app. With this first release available initially to iOS devices, the new app offers a range of features to enhance the member experience and engagement with their pension. Commenting on the app launch, Gavin Perera-Betts, Nest’s Chief Customer Officer said: “We are excited to offer our members a convenient and user-friendly way to stay connected to their Nest pension pot. With Nest Pensions in their pocket, they will be able to access their Nest pension in the way that suits them best. “The Nest app is the first step forward in our digital transformation journey. By offering easy and simple access to their pension pot and secure communications, Nest members can take control of their retirement planning with greater ease and confidence.”
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Payments modernization is on the agenda of most banks today. From ISO 20022 to instant payments rails and AI in payments processing, these innovations are crucial for seamless, efficient digital transactions. Join us in a webinar where industry leaders and practitioners will share insights on the next frontiers for payments. Register for the webinar here https://lnkd.in/gXZFSB7y. #paymentsinnovation #isostandards #paymentsprocessing #digitaltransactions #ai
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TCS BaNCS has won the "Best Strategic T+1 Partner" at the FTF Technologies Innovation Awards 2024. To know more: https://lnkd.in/gagEqdGm #t1settlements #securitiestrading #t1 #frictionlessjourneyswithtcsbancs
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Gain competitive advantage, simplify operations, and deliver enhanced customer experiences with TCS BaNCS. https://lnkd.in/gs59MGhz #frictionlessjourneyswithtcsbancs #retailbanking #businessbanking #bankinginnovations
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TCS BaNCS and Moneythor (TCS BaNCS Marketplace partner) are enabling the first digital bank in the UAE to redefine its digital banking strategy. The joint solution offers personalized nudges and recommendations to help customers efficiently manage their finances. Listen to David Sorreluz, Regional Director – MEA, Moneythor, to know how TCS BaNCS and Moneythor collaborated to develop a scalable and efficient banking solution. https://lnkd.in/d7gHSnz6 #tcsbancsmarketplace #PersonalFinancialManagement #BusinessFinancialManagement #digibank #fintechpartnership