Senior delegation from TCS Financial Solutions visits key TCS BaNCS client banks in China
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TCS BaNCS
Senior delegation from TCS Financial Solutions visits key TCS BaNCS client banks in China
In July 2018 , a senior delegation from TCS Financial Solutions visited Hubei Rural Credit Unions ( HBRCU ) and Shanghai Rural Commercial Bank ( SHRCB ), which are key TCS BaNCS clients in China . The delegation was led by Venkateshwaran Srinivasan , Global Head of TCS Financial Solutions .
The visit occurred at a critical stage for the Beijing office of TCS Financial Solutions . To expand from being solely a core banking vendor in China , TCS Financial Solutions has initiated a transformation journey to become a comprehensive financial solutions provider focused on delivering selected new growth solutions based on TCS BaNCS . These solution areas represent important foundations of the newlyannounced TCS Business 4.0 Framework , designed for the Internet-based finance ecosystem .
Along with this transformation , TCS has also reemphasized its commitment to core banking and its unwavering support for the 12 banks in China currently using TCS BaNCS for Core Banking .
Mr . Jinsheng Shen , Director of HBRCU , has affirmed the performance of TCS BaNCS Core Banking System and the satisfaction with professional services delivered by TCS in the past seven years since the implementation of TCS BaNCS at HBRCU , the leading rural credit union of Hubei Province .
HBRCU and TCS have both expressed their intention for further cooperation , especially in new technologies to help HBRCU to deal with the challenges brought by Internetbased business models and challengers quickly developing in China . The new solution set from TCS BaNCS was presented in a meeting between HBRCU and TCS , with positive feedback received from those in attendance , including the President and General Managers of IT and major business departments from the bank .
In Shanghai , TCS executives met with the Chairman of Shanghai Rural Commercial Bank , Mr . Guangheng Ji , who had visited the TCS Financial Solutions offices in Bangalore earlier in 2018 . A warm and constructive discussion ensued , covered topics including the cutting-edge technology of TCS BaNCS and the IT governance strategy of Shanghai Rural Commercial Bank . The bank also hosted the TCS executive delegation with a visit to the Shanghai Rural Commercial Bank Museum , which impressively demonstrated the history of the bank and its major business and technology achievements .
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