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Zions Bancorporation selects TCS BaNCS for core banking transformation

Date: 05-11-2013

Zions Bancorporation, one of America's premier financial services companies, has selected TCS BaNCS for its core banking transformation program to achieve standardization, centralization and straight through processing across the enterprise. In addition to the cost-saving benefits, the ability to have a single, 360 degree view of its end-user customers is a key focus of the core replacement program. TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for banks, capital market firms, insurance companies and diversified financial institutions.

The depth of TCS BaNCS’ capabilities, its implementation track record and overall quality of banking and technology experts were among the major factors that influenced this selection by Zions Bancorporation, which consists of a collection of great banks in select Western US markets with combined total assets exceeding $50 billion. The transformation will be completed in phases, with Zions’ management expecting significant improvements in operational efficiency and customer experience, and reduced operational and financial risk stemming from older legacy systems.

Tata Consultancy Services is an IT services, consulting and business solutions organisation 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.