TCS BaNCS core banking version 12 unveiled

MUMBAI, INDIA: Indian software major Tata Consultancy Services (TCS) on Wednesday announced the launch of TCS BaNCS Core Banking Release 12.0 for the banking and capital markets.

The new version has an advanced Multi-Entity Support which allows a single installation of TCS BaNCS to support customer’s establishments across geographies, providing cross-entity customer transactions with configurable business restrictions, said a press release.

The version 12 also has extensibility enhancements that provide the user configurable exit points.

“We have significantly expanded TCS BaNCS’ functional coverage with the customer at the center and updated Regulatory compliance as a fundamental imperative. In addition, our expansive Banking footprint and implementation capability delivers compelling benefits to our customers,” R. Vivekanand, global head of Product Delivery of TCS BaNCS, said.

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There are over 50 enhancements in addition to above spanning Syndication, Project and Contract Finance and Membership Module for Credit Unions. The data archival module has been enhanced to allow use of certified third party archival tools in addition to in-built mechanisms.

TCS BaNCS CBS continues to be available with a rich choice of channel solutions covering branch user, Internet, mobile and origination.

Bart Narter, senior vice president, Celent’s Banking group, said, “TCS BaNCS has been selected to roll out core systems around the world at Deutsche Bank, one of the world’s leading global transaction banks. To meet the needs of this customer alone requires world-class expertise in cross border compliance.”