The bank said that the move is part of a global initiative to transform the bank’s transaction banking platform in over 30 countries. TCS BaNCS will replace several solutions with one platform.
TCS BaNCS Core Banking provides transaction banking functionality including account services, interest and charges, limits and facilities, liquidity management, funds transfer and payments, statements and risk management and reporting.
As a first step, Deutsche Bank migrated its GTB branch in Abu Dhabi to the new core banking platform on 11 December.
Deutsche Bank Global Transaction Banking head and member of the group executive committee Werner Steinmuller said This is a significant step of strengthening GTB platform worldwide. It is further proof of bank’s firm commitment to deliver best-in-class services to clients and expect the new platform to deliver significant improvements that will benefit clients.
