Chinese Bank Selects TCS BaNCS Core Banking solution

Tata Consultancy Services (TCS), a global IT services, business solutions and outsourcing firm, has announced that Shanghai Rural Commercial Bank has selected TCS BaNCS Core Banking solution to achieve a competitive advantage. Shanghai Rural Commercial Bank selected TCS BaNCS Core Banking to swiftly introduce new products in the market and efficiently manage transformation across all its business lines. TCS BaNCS Core Banking will cover the organisation's core banking, deposits, loans, payments and card modules.

"We selected TCS BaNCS scalable core banking system due to its advanced open architecture and ability to reduce total cost of ownership. TCS also has a very experienced team of delivery experts based in the region. This core banking solution will assist our organisation to enhance new product development, improve customer service levels and enhance market competitiveness," said Zhou Hengchang, CIO, Shanghai Rural Commercial Bank.

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"China's retail banking market is experiencing exceptional growth. To remain competitive, Shanghai Rural Commercial Bank required a tried and trusted solution that could be implemented quickly and efficiently. We are delighted to welcome Shanghai Rural Commercial Bank into our global client community," said Zhu Bin, Greater China Head, TCS Financial Solutions.