Bank of Bhutan replaces FLEXCUBE CBS for TCS BaNCS

Bank of Bhutan has selected TCS TCS BaNCS for its core banking solution to power its next generation banking services.

The largest commercial bank in the Kingdom of Bhutan has replaced its FLEXCUBE CBS platform which the bank implemented in 2009.

The bank has selected TCS BaNCS as the solution partner for this engagement and to upgrade its core banking system.

Tata Consultancy Services (TCS) will offer lower cost of ownership while improving operational efficiency and deliver high performance solution.

“We are confident that TCS BaNCS will help us transform our technology ecosystem in keeping with our plans for quick growth and expansion,” said Pema Nadik, chief executive officer, Bank of Bhutan.

Last month, TCS launched TCS BaNCS Digital, a solution designed specifically for financial institutions in North America using which US-based banks can deliver an intuitive, interactive and insightful customer experience.

In May, The central securities depository (CSD) for the Finnish capital markets, Euroclear Finland, launched a new transaction procession platform, Infinity, powered by TCS BaNCS for market infrastructure.

Shilpa Khatri

[email protected]

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