DBS Bank Implements SunTec's Billing Solution

SunTec, a Kerala-based IT company, has announced that its billing solution "Transaction Billing Management System-Financial (TBMS-F)" has been selected by DBS Bank, a financial services company in south-east Asia, to price and bill its services.

DBS would use TBMS-F to enhance its cash management services. The bank was examining ways to serve its customers through building and pricing of its product offerings.

DBS Singapore office will be the first to deploy TBMS-F, and its other centres will be converted soon.

"For DBS, we proposed a departmental solution model that could serve as a pilot and easily be extended to its other lines of business," said K Nanda Kumar, CEO, SunTec.