STATE BANK OF INDIA
Wins Celent ' s Model Bank Award 2018 ; SBI recognized for " largest consolidation in the history of Indian banking
State Bank of India was selected as a Model Bank winner by Celent for the year 2018 . SBI was chosen for successfully consolidating one bank and five other associate banks onto a single core banking platform , with the entire integration completed in six weeks .
The consolidation covered 43 + IT applications , 17,500 + products , 200 bank business processes , over 50 billion database records with a data size of 25 TB , and over 14 billion data updates . This involved over 50,000 tellers at over 7,000 associate bank branches .
TCS prepared a detailed capacity management and benchmarking plan for handling the current volume of over 750 million accounts and seamless application processing of more than 150 million transactions per day at peak periods .
TCS scaled up the system to process 2 billion accounts at 18,000 + transactions per second ( TPS ), thereby delivering assurance to SBI for meeting capacity and availability thresholds over the next five years .
THE ASIAN BANKER AWARDS
DBS and TCS were awarded Best Custodian System Implementation for 2018 at The Asian Banker Financial Markets Awards 2018 . DBS migrated to TCS BaNCS for Custody to manage business growth , normalize operations , and move to the latest technology stack . Within the span of nine months , the solution was implemented in Singapore , China , Hong Kong , Indonesia , and India .
TCS also received the award for The Best Innovation Centre by a Non-Financial Services Institution in India for 2018 . The TCS BaNCS Alpha Bank , located in Bangalore , showcases solutions in machine learning , neural networks , augmented / virtual reality , and API-fication . Since launch , the Alpha Bank has made more than 250 demonstrations to decision makers from top banks across the globe .
Executives from Zions Bancorporation visited Mumbai , India to meet the TCS team and celebrate their go-live .
ZIONS BANCORPORATION
Wins Celent ’ s Model Bank Awards 2018 for ‘ Legacy Transformation ’
Zions Bancorporation has won Celent ’ s Model Bank award for “ Best Legacy Transformation ,” after the successful implementation of TCS BaNCS for Core Banking .
The selection process for the Model Bank Awards involves a rigorous evaluation of the nominations submitted by financial institutions by Celent ’ s Banking analyst team . Submissions are judged on three primary criteria : demonstrable business benefits of implemented initiatives ; the degree of innovation relative to the industry ’ s standards ; and the technology or implementation excellence .
“ We rarely see this depth of partnership between a bank and a vendor , and Zions ’ willingness to be a trailblazer by using an international firm to implement a modern , modular , and flexible core system speaks to the vision of its leadership ,” said Stephen Greer , Senior Analyst at Celent .
Read Celent ’ s case study on Zions Bancorporation here : http :// bit . ly / zions-celent
UTAH FOOD BANK receives contributions from Zions and TCS
With TCS ’ participation , Zions Bancorporation collected more than $ 13,000 for Utah Food Bank , which distributes food free-of-charge to a network of 141 partner agencies located throughout the State of Utah . Among the top five donation collectors was R Lakshminarashiman from TCS , who was " rewarded " with a “ Pie in the Face .” He also introduced to the Zions organization a popular pie-shaped dish from Indian cuisine , by way of a new concept : " Masala Dosa in the Face ."
Before and after " Masala Dosa in the Face ."
October 22-25 , 2018
The 11th Annual TCS BaNCS Customer Forum will take place in Sydney on October 24th , 2018 , followed by the 8th Annual FT-TCS BaNCS Financial Leaders Dinner Forum .
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