Tata Consultancy Services Ltd.

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Letshego Holdings selects TCS BaNCS core banking platform

Date: 30-04-2012

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization’s - TCS BaNCS has been selected by Letshego Holdings (LHL) as the core banking system for its Greenfield venture into retail banking in Africa. The integrated core banking solution will process loans and deposits across seven countries in Africa - Botswana, Swaziland, Tanzania, Uganda, Zambia, Namibia and Mozambique.

With the modularized and scalable TCS BaNCS solution, the bank will be able to easily configure the solution for its specific lending needs, while also fostering innovation in the form of a range of retail banking solutions from the same platform.

TCS BaNCS from TCS Financial Solutions is a complete suite of business solutions covering core banking, compliance, Islamic banking, channels, payments, treasury, corporate actions, securities trading, securities processing, market infrastructure, private banking, wealth management and insurance.

Tata Consultancy Services 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. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. Letshego Holdings is a leading consumer lending company based in Botswana.