Development finance institution selects TCS BaNCS Global Banking Platform to speed innovation
BDB to enhance agility , usher in superior customer experiences , accelerate digital transformation , and launch new products faster , drawing upon TCS ’ fintech partner ecosystem to accelerate innovation and create superior and contextual experiences for its customers .
Khalid Al Rumaihi , Chairman , Bahrain Development Bank , said : “ BDB plays a key role in the Kingdom of Bahrain ’ s growth by supporting SMEs and entrepreneurs to build , operate , and grow their businesses with confidence . With the selection of the comprehensive suite of offerings from the TCS BaNCS Global Banking Platform , which will be deployed on AWS , we are undertaking the core banking transformation and cloud migration of a three-decade-old platform , making it one of the first of its kind in the world . We will now be able to provide our clientele with an omni-channel digital financial services and a launch pad for their businesses to grow and flourish .”
Sanjeev Paul , Group CEO , Bahrain Development Bank , said : “ BDB ’ s digital transformation program is a key pillar of delivering on the Bank ’ s vision to build BDB as a sustainable , industry leader and trusted partner for entrepreneurs in Bahrain , helping them to grow their businesses into successful and regionally competitive enterprises . With the full solution stack being implemented by TCS , BDB will be able to transform our clients ’ experience delivering new channels , and innovative products . With this visionary project Bahrain is once again leading the way in adopting full digital core banking on cloud , delivered using a SaaS model thereby assuring that the Bank is always at the cutting edge of technology .” l
51