Tata Consultancy Services Ltd.

Tata Consultancy Services’ (TCS) customer -- Banque Saudi Fransi (BSF) has successfully transformed its domestic and international realtime payments processing using TCS BaNCS for Payments. This represents a key milestone in the bank’s digital transformation and core banking modernization program. BSF, one of the leading banks in the Kingdom of Saudi Arabia (KSA), selected TCS BaNCS to simplify and digitize its IT landscape across deposits, lending and payments, and enhance its position as a modern, innovative and experience-focused bank in the region.

As part of this transformation, the bank leveraged TCS BaNCS for Payments to centralize and standardize its operations across domestic and international payments. With data centralized and secure in the new system, the bank can pre-validate transactions in real-time, nearly doubling the straight-through-processing rate and speeding up transactions.

The TCS BaNCS solution’s microservices architecture is helping the bank provide real-time, frictionless payment services to its clients and scale systems to match increasing transaction volumes in an economy that works round the clock, all year round. A large repository of out-of-the-box APIs can be exposed to third-party providers, strengthening BSF’s strategy to be a local leader in open banking and Banking-as-a-Service by offering clients its numerous benefits. The new solution is helping BSF deliver a superior customer experience, be more responsive to clients' growing needs, and innovate while seamlessly adapting to market evolution.

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.