Mercantile Bank goes live with TCS’ BaNCS for reconcilitions

02 Sep 2015

Tata Consultancy Services’ client - Mercantile Bank in South Africa has gone live with the company’s software -- BaNCS -- for nostro Reconciliations within an eight week implementation period. Mercantile Bank started its technology modernization and harmonization program six years ago with the selection of the company’s BaNCS for Core Banking in 2008, which subsequently went operational in 2010.

The Bank continued to build on its strategy of moving all of its solutions onto an integrated architecture and IT platform by deploying the company’s BaNCS for Treasury in 2012. With the Reconciliations solution now going operational, the Bank has a totally integrated Core, Treasury and Reconciliations solution.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. The company offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.

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