Tata Consultancy Services (TCS) has declared that Bahrain Development Bank (BDB), a development finance institution established by the government of Bahrain, focusing on financing and development of small and medium businesses, to encourage and support entrepreneurship in the Kingdom of Bahrain, has selected the TCS BaNCS Global Banking Platform for its core banking transformation.
The bank selected the front-to-back digital offering, TCS BaNCS Global Banking Platform, enabled with APIs and cognitive tools such as AI and analytics. The platform will help BDB meet the unique needs of the small and medium business segment spanning digital banking channels, origination, core banking, trade finance, treasury and supporting services like AML and reconciliations. It will interface with technology offerings from TCS’ partners for CRM, sales, risk management and other enterprise functions.
TCS BaNCS will enable BDB to launch new innovative products faster. Further, it can leverage TCS’ fintech partner ecosystem to accelerate innovation and create superior and contextual experiences for its customers. The deployment of TCS BaNCS on AWS brings together the transformative power of a modern, future-proof digital core with the scalability, security, availability and cost-efficiency of a trusted global public cloud platform.
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.
Company Name | CMP |
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TCS | 3831.25 |
Infosys | 1431.85 |
HCL Tech. | 1479.65 |
Wipro | 460.20 |
Tech Mahindra | 1186.10 |
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