TCS BaNCS chosen by CTBC Bank for digital transformation

4 Jan 2023 , 01:50 PM

TCS announced that CTBC Bank, Taiwan, has chosen TCS BaNCS for Banking and Wealth Management to digitally transform its business and drive future growth.

CTBC Bank is a pioneering bank in Taiwan and a regional powerhouse with a significant international presence. TCS BaNCS was chosen to help it simplify its IT landscape and create new and engaging digital experiences for its customers.

TCS BaNCS’ next-generation digital core will enable the bank to offer specialised financial services in retail, wealth, and corporate banking, as well as money trusts, trade finance, and international remittance.

The new core banking system will provide solutions for loans, deposits, international and domestic remittances, payments/collection, facility limits, and collaterals across both consumer and corporate banking businesses, while also supporting customer service 24 hours a day, seven days a week. It will improve the banking experience for all customers and support the bank’s long-term growth plans.

CTBC will benefit from TCS BaNCS’ depth and breadth of functionality, as well as its microservices-based, cloud native architecture, to innovate and drive its digital strategy, identify new business opportunities, and expand its footprint across the region.

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