Israels OFEK Credit Union selects TCS Banking Services Bureau

19 Sep 2022 , 01:18 PM

Tata Consultancy Services announced that Israels OFEK Credit Union (OFEK) has selected 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.Powered by Capital Market – Live News