Tata Consultancy Services Ltd.

Israel’s OFEK Credit Union (OFEK) has selected Tata Consultancy Services’ (TCS) Banking Services Bureau (BSB), powered by TCS BaNCS, to achieve its growth and transformation goals. OFEK was formed in 2012 with the goal of enabling households and small businesses in Israel with easy access to credit through peer-to-peer lending while also promoting sustainability and social value. More recently, OFEK obtained a formal license to supply banking services which has given further impetus to its strategic objectives.

OFEK selected TCS’ BSB powered by TCS BaNCS, to quickly launch its operations and offer innovative and contextual digital banking services. TCS BaNCS’ market-ready banking and securities solution and rich set of APIs delivered on a SaaS model, will help OFEK connect to and integrate with the market ecosystem and build a vibrant and comprehensive digital financial offering for its customers.

TCS 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.