42.05 (1.28%) Tata Consultancy Services (TCS) has been selected by Malaysia-based financial services group AmBank to replace its core banking engine. This integrated banking suite, spanning conventional and Islamic banking, will support both retail banking and lending functionalities.
By deploying TCS BaNCS, AmBank will see its banking business expand into new areas, while enabling flexible development and the scalability to meet market and regulatory needs. TCS BaNCS was selected after an exhaustive evaluation process of 18 months for its advanced depth and breadth of functionality and an excellent track record in implementation and commitment to servicing similar customers in the region.