In-depth domain expertise as well as the knowledge of Chinese market were the reasons for the selection of BaNCS technology, and the deployment consists deposits, loans, payments, cards and reporting.
Panzhihua Commercial Bank president Xu Feng said, "A smooth implementation was a priority for us, and TCS BaNCS came well-recommended by other Chinese banks following their own successful experiences with the product and organization."
"The parameterization features of the solution allow us to quickly design and promote new products, strengthening our market capabilities," Feng added.
Additional capabilities include advanced data architecture, which decreases the time required to perform account settlement activities, thus allowing staff to maintain regular working hours in accordance with the employee-care concept of the bank.
TCS Financial Solutions Greater China head Brent Zhu commented, "Our customers have helped us adapt our core banking solution to the specific functions and requirements of this region, making it a solution that easily integrates with the array of local requirements."
India-based Tata Consultancy Services provides a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services in 44 countries.
