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TCS BaNCS in
Guangdong Rural Credit Cooperative
(GDRCC) was among the first banks in China to implement
TCS BaNCS for Core Banking. Rolled out successfully in
2009, TCS BaNCS has provided key support to GDRCC’s
business growth, earning high confidence and satisfaction
from the business.
GDRCC has now become a leading financial institution in
China’s digital economy, not just in rural finance but across
the entire financial services marketplace in Guangdong
Province. With the high-growth, vibrant cities of Guangzhou
and Shenzen, Guangdong Province ranks among the most
highly developed regions in China.
Ms. Zhang Yan, Chairman of GDRCC IT and Business
Service Center in Guangzhou, hosted an executive delegation
from TCS Financial Solution headed by Mr. Venkateshwaran
Srinivasan in November 2018. After a review of the successful
includes major, high-profile cities along with less-developed
rural areas. In support of the multi-institution structure, TCS
BaNCS provides internal clearing to manage transactions
between member credit unions.
At present, GDRCC is well positioned to accelerate
business development, while also planning for the future.
Within the next five to ten years, GDRCC plans to become
the leading digital financial institution in Guangdong
Province, and the development roadmap includes an
integrated ecosystem for intelligent digital services that will
enable a greater support and stronger business development
for its full range of customers. To this end, the TCS leadership
has emphasized its full commitment to supporting these
strategic business activities, while benefitting from GDRCC’s
guidance in customizing the target ecosystem for the
Guangdong marketplace.
history of the partnership, the executive leaders from both
GDRCC and TCS expressed their mutual intention for further
cooperation beyond the current core banking deployment
and looked forward to continuing the bank’s journey to be
a leading financial service provider in the region’s digital
economy.
Guangdong Rural Credit Cooperative
(GDRCC)
The 2009 go-live for TCS BaNCS for Core Banking followed
a 17-month implementation project that centralized the
GDRCC’s IT systems and infrastructure, which had previously
consisted of 20 core systems from 12 vendors, hosted on
different platforms. GDRCC built a centralized IT processing
system using TCS BaNCS, enabling the organization to
l Established in 2005 from the consolidation of
99 existing rural credit unions
l The largest financial institution in Guangdong
Province with 6,000 branches and outlets,
18,000 tellers and 2,000 ATMs.
provide identical branding, policies, procedures, and product
offerings to each member credit union. With the deployment,
GDRCC began to operate in harmony as an integrated
financial institution.
Yet each member credit union retained its own dedicated
l Manages over 120 million accounts, averaging
22 million online transactions every day.
customer base and pricing model, including separate l Total assets exceeded 10 Billion RMB in 2015.
analytics and reporting capabilities. The multi-institution l Accounts for one-sixth of the total deposit
deployment structure was a critical factor of the deployment,
and loan balance of the whole rural finance
service market in China (as of 2018).
enabling each member credit union to tailor its offerings to
accommodate the diversity of Guangdong Province, which
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