briefing
INDUSTRY
Cloud
SaaS approach of TCS BaNCS Cloud
powers any financial enterprise
By Bharat Shah, TCS BaNCS Cloud Enablement Lead, TCS Financial Solutions
TCS BaNCS Cloud handles over 100 million transactions
arrangement that encapsulates core business services along
per month for more than 190 customers, including retail with a full set of ancillary business services designed express-
banks, corporate treasury operations, private banks, and ly for a given vertical industry.
credit unions in the United Kingdom, the United States, Swit-
zerland and India.
By making one consolidated purchase decision, an entire
financial institution can forego the complexities of software,
l In the U.S., a community bank uses TCS BaNCS Cloud infrastructure, and cloud operations across all of its business
for its banking operations, compliant with FFIEC and units, freeing up resources to focus on revenue drivers and
other relevant U.S. regulations. digital-driven innovation.
l In the U.K., TCS BaNCS Cloud powers core banking
TCS BaNCS Cloud has demonstrated the highest levels of
for a number of credit unions, empowering these smaller capability, maturity, and expertise, enabling financial insti-
financial institutions to introduce flexible digital services tutions to execute upon the Industry Cloud vision with full
at a faster pace than their larger competitors. safety, regulatory support, and certainty. Plus, the integration
l In Europe, TCS BaNCS Cloud offers lower costs, stan- of BPO/ITO services from TCS ensures full support for any
dardization, and agility to a number of private banks. combination of businesses involving banking, capital markets,
l In India, TCS BaNCS Cloud powers more than 170 Re- or insurance, beyond what any other provider can offer.
gional Cooperative Banks with core banking operations,
TCS BaNCS Cloud is built using technologies that support
offering these smaller, rural banking operations with the business models that would not be feasible with on-premise
benefit of modern technology at low cost. deployments.
l TCS BaNCS Cloud also runs treasury operations for a
One example is the cloud-native technology of microser-
leading investment firm in the U.K., a steel manufacturing vices. Where an application might have had 50 to 100 active
company in India, and a Shanghai-based financial devel- APIs, that same application using microservices can offer an
opment bank. essentially unlimited number of low-bandwidth, high-speed
connections. Using microservices, financial institutions can
TCS BaNCS Cloud has been designed to support the full
build better customer experiences that account for a cus-
needs of financial institutions with a variable-cost SaaS ap- tomer’s entire financial portfolio, tied together with ancillary
proach, engineered with cloud-native technologies that make services in data analytics, artificial intelligence, and machine
possible a wide range of new business models. learning guiding advisory services and automation. Further-
Operating as an “Industry Cloud” to support any financial
more, without having to go through a lengthy procurement,
enterprise, TCS BaNCS Cloud offers a variable-cost, pay-as- deployment, and testing cycle, enterprises can rapidly de-
you-go, buy-what-you-need, Software-as-a-Service (SaaS) velop their own microservices.
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