The suite will support both retail banking and lending functionalities and will also drive conventional and Islamic banking to grow the bank’s business internationally.
By implementing the suite, the bank will expand its business into new areas and will enable the scalability required to meet both current and future market and regulatory needs.
AmBank group managing director Cheah Kuang said that to grow the bank’s business and support customers across both conventional and Islamic finance, it was critical to have a core banking system.
TCS Financial Solutions president Ganapathy Subramaniam said that through this implementation, AmBank will meet the varied needs of a diverse customer base while also positioning itself for future growth.
TCS Financial Solutions, a business unit of TCS, has compiled a product portfolio under the name of TCS BaNCS to provide business application solutions to financial institutions globally.
