TCS assists e-bank to go live in Vienna

BANGALORE: Tata Consultancy Services has launched its banking package QUARTZa

at ecetra Central European e-Finance AG. QUARTZa is a new generation banking

software developed jointly by TCS and TKS-Teknosoft SA.

With "brokerjet" (www.brokerjet.at) that is based also on QUARTZ

system, ecetra is bringing an e-brokerage product for stock exchange

professionals to the market. ecetra is a member of the Austrian Erste Bank

Group, the leading retail bank in Central Europe.

"One key element for selecting QUARTZa was that it enables us to provide

our services 7 days by 24 hours, which is critical today if you want to respond

to the needs of an increasingly demanding international clientele. QUARTZa is a

truly state-of-the-art product which serves our requirements perfectly. Its

implementation went extremely well thanks to the combined efforts of the project

team", said Austrian Erste Bank Group senior manager Robert Ransauer.

"Quartz has tremendous scope for the banking and finance industry

globally and especially for Internet banks. Quartz has the ability to provide

superior service quality and productivity to automate front, back and middle

level office function and could also be used by small and middle-sized banks.

The product was the result of TCS’ banking expertise and superior

technological experience in this domain," said TCS' Banking Products Group

Head Ganapathy Subramaniam.

Its modular architecture based on three-tier client server architecture makes

it easy to integrate third party products and solutions and is ideally suited

for the requirements of an e-bank. QUARTZa is currently being implemented in

various other sites in Switzerland and Europe.

The system was installed by a mixed team of Swiss banking experts of Tata

Consultancy Services and TKS ­ Banking Solutions SA (TBS). The synergy between

the three different parties involved ­ the Austrian bank, the Swiss Solution

provider and TCS’ expertise ­ proved a very powerful combination and made it

possible to install from scratch a new bank in record time.