BFSI Cloud Services to Accelerate Digitization and Achieve Growth

Services

Highlights

To emerge stronger in the post-COVID world, banking, financial services and insurance (BFSI) firms are looking to build a response strategy for resilience, adaptability and growth.
TCS has been collaborating with leading cloud service providers such as AWS to create customized BFSI cloud services that help speed up digitization and help them adapt to the changing business needs.
We have created a BFSI value chain, using next generation technologies such as blockchain, IoT and edge, to provide cloud transformation accelerators.

Overview

To emerge stronger and lead in the post-COVID world, banking, financial services and insurance (BFSI) firms are looking to build a response strategy to ensure resilience, adaptability and growth.

With a commitment to innovate and transform, TCS enables BFSI service providers gain agility to compete in a result-oriented and customer-driven, digital world. TCS has been collaborating with leading cloud service providers, such as AWS, to create customized BFSI cloud services that help:

Speed up digitization and adapt to the changing business needs

Evolve into purpose-driven enterprise and achieve sustainable growth

BFSI service providers harness the power of cloud to deliver omnichannel banking experience along with secure banking services. For greater operational excellence, they are looking at smart contracts and settlements. Enabling these are cloud priorities such as open banking, synergetic regulatory adoption and intelligent SaaS platforms. To leverage these, BFSI players need to modernize by moving away from a mainframe core to public cloud like AWS. AWS Native Services provide BFSI cloud services that enable enterprises to scale and be agile to changing times.

Solution

TCS has created a BFSI value chain, using next generation technologies such as blockchain, IoT and edge, to provide cloud transformation accelerators.

The best practices that guide this suite of banking cloud solutions include:

Focus on business value to customize the cloud migration and modernization roadmap instead of adopting a lift-shift approach.
Leverage APIs to extend the service fabric on cloud to a greater number of partners and collaborators.
Create a self-driving paradigm on cloud using AI/ML solutions.
Ensure greater business resilience using low latency, on-premise clouds such as AWS Outposts for customer-facing mission critical needs.

A plug-and-play, pay-as-you-go, one-stop SaaS platform, TCS BaNCS Cloud has a future-ready digital architecture that offers a range of functionalities, business agility and operational efficiency. TCS BaNCS Cloud offers the rich functionality of TCS BaNCS business solutions across banking, capital market and insurance on SaaS and on-cloud platform using cloud nativity features and already used by 220+ customer across globe. TCS and AWS have joined forces to help BFSI clients build a responsive strategy to ensure resilience, adaptability and purpose-led growth. TCS BaNCS Cloud is also available on AWS. Leading banks and insurance companies such as Bajaj Allianz and Bahrain Development Bank have adopted TCS BaNCS on AWS.

THE TCS ADVANTAGE

TCS products and accelerators: Powered by proprietary solutions for cloud modernization including Cloud Counsel, TCS iCMC, Cloud Mason, Cloud Migration Factory, Cloud Exponence, DATOM™, DAEZMO™, TCS QET Platform, TCS MasterCraft™ Transform Plus.
Mainframe modernization: Helps reduce mainframe dependency and ascend to AWS Cloud using pattern-based architectures and accelerators such as TCS MasterCraft™.

Cloud value architecture for BFSI: Combining deep contextual knowledge with AWS' cutting-edge native services for creation of Borderless BFSI Enterprises on Cloud.

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TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

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TCS works hand in hand with world-leading investors.

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Improve resilience with TCS Financial Services and AWS Cloud

Services

Highlights

In this article

Overview

Solution

THE TCS ADVANTAGE

Let’s make the cloud connect

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Services

Highlights

In this article

Overview

Solution

THE TCS ADVANTAGE

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Let’s make the cloud connect

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