Tata Consultancy Services (TCS) has expanded its long-standing partnership with Indian Bank, to deploy TCS BaNCS for Treasury at Indian Bank's Colombo branch in Sri Lanka, making the entry of TCS BaNCS for Treasury in the country. Following the successful deployment of TCS BaNCS for Treasury across Indian Bank's operations in India and at GIFT City in Gujarat, the platform is now being extended to the Bank's Colombo branch, reinforcing a unified approach to treasury operations across geographies. With this expansion, Indian Bank marks a significant step in platform-led transformation with the company.
As part of the collaboration, the company will help Indian Bank modernize its overseas treasury operations across money markets, investment management, and foreign exchange. The transformation will enable Indian Bank’s Colombo branch to move to a single, integrated treasury platform that supports unified deal processing, real-time position visibility, stronger risk and limit controls, and compliance-ready reporting. The Bank will be able to reduce manual intervention, improve straight-through processing, and strengthen audit and regulatory readiness through a single source of truth.
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.
