Tata Consultancy Services Ltd.

Ikano Bank AB (publ) in Sweden has selected the Tata Consultancy Services’ (TCS) cloud product suite spanning banking, capital markets and insurance -- TCS BaNCS for its panEurope core banking transformation. 

Ikano Bank operates across Europe, offering a range of financial services and banking products such as loans, savings, mortgages, and credit cards, including leasing and factoring to small and medium sized businesses. It runs on different core banking solutions in the eight countries it operates in, working with multiple broker solutions and agency banking arrangements in each. This led to country-wise silos within the organization, hindering unified risk management and a consistent customer experience.

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.