Highlights
A well-established SaaS offering with customers spread across the globe
Deployable on private, public, or hybrid/multi cloud models in a SaaS or BPaaS mode
Secure delivery of mission-critical applications as a mix of components and microservices
Abstract
Be secure, compliant, and available with the flexibility and agility of the cloud.
The Cloud First approach sits at the center of digital transformations, whether its empowering banks and financial institutions with speed, agility, and security or as the always-on backbone for innovation and continuous growth. TCS BaNCS Cloud, a SaaS-based industry cloud offering, helps firms across banking, capital markets, and insurance gain business agility and seamlessly access new product capabilities and technological innovations with minimal disruption.
Challenge
As banks and financial institutions start on evolutionary digital transformations that reflect their unique vision and purpose, the need to expand their business, embed third-party solutions, and collaborate with partners to enhance customer engagement and operational efficiency has become critical.
We have selected TCS BaNCS Cloud for Banking for its comprehensive capabilities to support our commercial customer base and to provide convenient online account opening and self-service facilities to our small and medium business clients. With the new platform, we will be expanding our portfolio with newer lending products as well as commercial deposit products and cash management tools, to increase our traction with existing customers while catering to the needs of newer market segments.
Solution
TCS BaNCS Cloud, delivered on a SaaS model, is an industry cloud solution resting on the award-winning suite of products spanning banking, capital markets, and insurance domains. With more than 65+ installations, TCS BaNCS Cloud provides an always-on backbone for innovation and agility for financial institutions to create new business models, speed up aging systems, rebuild transaction processing applications, execute on a consistent data delivery strategy, and enter new markets easily.
Being cloud native and cloud-agnostic, TCS BaNCS Cloud rests on a microservices architecture and is supplemented with cognitive solutions that can help firms leverage the power of trusted and richer partner ecosystems.
Benefits
TCS BaNCS Cloud enables financial institutions to set on their transformation journeys through:
Consolidated processes and workflows, reduced manual interventions, and seamless interactions between on-premise and cloud applications
Standard interfaces for rapid integration with enterprise services and an agile support taskforce to aid shorter time to market
Access to open and enriched ecosystems of curated partners from the TCS BaNCS Marketplace
Availability of TCS BaNCS Cloud at Azure Marketplace, AWS Partner Network (APN) portal, and other cloud providers
Broad spectrum of cloud-native security capabilities, supporting international messaging standards and market practices