The bank that is currently using the Oracle FLEXCUBE CBS platform plans to replace it with TCS BaNCS with an aim of moving towards a high-growth trajectory.
Speaking about the initiative, BoB CEO Pema Nadik said: "We are confident that TCS BaNCS will help us transform our technology ecosystem in keeping with our plans for quick growth and expansion.
"TCS has an enviable track record of fail-proof core banking implementations across the globe which in turn, mitigates our core banking transformation risk. Its ability to reduce time to market for new bank offerings and to seamlessly integrate with third-party systems gives us the assurance that we have chosen the right partner."
The bank comprises 46 branches along with extension branches, 62 ATMs, a mobile banking solution and a contact center.
The move is aimed at lowering total cost of ownership and enhancing the institution’s operational efficiency.
Established in 1968, the bank had been set up as a public sector commercial bank and until the Royal Monetary Authority of Bhutan was created, BoB also used to carry out the functions of the central bank in Bhutan.
