Switzerland firm to deploy TCS banking IT suite

To deploy ‘TCS BaNCS’ which comprises payments, core banking, securities processing for funds administration and compliance for fraud detection solution

PTI | July 1, 2011



Tata Consultancy Services on Thursday said Switzerland-based PostFinance will deploy its IT suite to overhaul part of latter's operations. The banking suite -- TCS BaNCS -- comprising payments, core banking, securities processing for funds administration and compliance for fraud detection solution will be implemented as part of the modernisation drive of PostFinance, TCS said in a statement.
PostFinance, is a provider of domestic and international payment services, by deploying TCS BaNCS will enable flexible development and the adaptability to meet current and future market needs as well as regulatory requirements. The entire modernisation program will be accomplished over the next four years, the statement added.

"Our partnership with PostFinance is a good example of our value proposition where we enable growth and efficiency without disruption. Through this implementation, PostFinance will meet the varied needs of a growing and diverse customer base," TCS Financial Solutions President N Ganapathy Subramaniam said.

TCS Financial Solutions is strategic business of TCS. TCS BaNCS is a market ready, component based customer centric, real time solution which ensures faster time to market for products and flexibility to integrate and support both, existing and future business.

Comments

 

Other News

Maharashtra adopts hybrid model for Census 2026 data collection

The government has initiated preparations for Census 2026 in Maharashtra, introducing a hybrid approach that combines optional self-enumeration with comprehensive door-to-door data collection to ensure complete coverage across the state.   According to senior officials, the Self-

What the nine Indian Nobel winners have in common

A Touch Of Genius: The Wisdom of India’s Nobel Laureates Edited by Rudrangshu Mukherjee Aleph Books, Rs 1499, 848 pages  

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print.  A decade ago, to take a loan, you had to do some paperwor

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter