Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organisation, has announced that IDFC Bank has selected TCS BaNCS for core banking, a move that will enable it to offer next generation banking services that are more personalised, convenient and faster.
- IDFC Bank started operations on October 1, 2015 with 23 branches, powered by TCS BaNCS.
- TCS has deployed more than 300 similar projects worldwide.
In about nine months, IDFC Bank has implemented solutions for core banking, corporate loan origination, financial inclusion and Global Limits and Exposure Management (GLEM) from the TCS BaNCS suite and has integrated them with a host of additional systems within the bank.
- It has started operations in rural banking, corporate and wholesale bankingand treasury in the first phase.
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