Banque Saudi Fransi selects TCS BaNCS banking platform

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation announced that Banque Saudi Fransi (BSF), one of the largest banks in the Kingdom of Saudi Arabia, has selected TCS BaNCS’ Global Banking Platform to provide seamless and contextual customer experiences with a digital core.

The new platform will be deployed across BSF's corporate and retail banking groups, lslamic banking, as well as payments and will ensure full compliance to Saudi Arabian Monetary Authority (SAMA) guidelines. BSF selected TCS BaNCS global banking platform as its integrated digital core, for its rich functionality and high-performance architecture.

The platform's flexibility enables speedy launch of new products and services while, its high level of automation significantly enhances customer service levels. Designed on Digitol First, Cloud First philosophy, the platform's Open Banking capabilities complemented by TCS' block chain offering, Quartz, will enable participation in larger ecosystems. Additionally, the track record of TCS in successfully executing large, complex transformation programs positioned it as a trusted partner for this undertaking. This latest win adds to the string of successful partnerships that TCS has built with leading financial institutions in the Kingdom, as well as across the rest of Middle East, over the last two decades.