Tata Consultancy Services

TCS BaNCS

5 / 5 1 review


Average Ratings

1 Review
  • 5 / 5
    Overall
  • 5 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Deployment
    Cloud, SaaS, Web

Vendor Details

  • Tata Consultancy Services
  • www.tcs.com
  • Founded 1968
  • India

About TCS BaNCS

Financial suite designed to fully integrate with current systems to speed financial processes and analyze markets


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TCS BaNCS Features

  • ATM Management
  • Brokerage
  • Compliance Management
  • Core Banking
  • Credit Card Management
  • Credit Union
  • Investment Banking
  • Lending Management
  • Multi-Branch
  • Offshore Management
  • Online Banking
  • Private Banking
  • Retail Banking
  • Risk Management
  • Securities Management
  • Teller Operations
  • Transaction Monitoring

TCS BaNCS Reviews Recently Reviewed!

One stop solution for Banking and Captial Market - BaNCS

Dec 06, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: - Product it compliant to almost all the baking and Accounting standards.
- Easily configurable and pre-configured products are easily customizable.
- Core Banking module , Payment and Compliance as well as Money launering modules are way ahead then competitors
- Orginization can launch products with great speed an quality.
- Product Service Support is outstanding

Cons: Product is quite expensive as compared to similar Core Banking products.
It requires huge IT infrastructures to deploy and maintain.
Infrastructure dimensioning done by BaNCS team mostly at very higher end which add to more cost to customer.

Overall: I have used BaNCS for quite sometimes and found it very good in terms of liabilities and ready to market at great speed for financial instruments products.

BaNCS tool is compliant for almost all the standards and Consultant team of BaNCS have good knowledge about various market and situation hence they deliver product with great efficiency. BaNCS has various module which are core and foundation block of the any financial organizations.

BaNCS provides great various customizable banking products for Core banking, Payments as well as well as Module for handling Money Laundering has great product value.

OverAll BaNCS is outstanding product but its bit expensive and resource incentive which requires quite lots of effort for migrating existing platform to BaNCS.

Overall Product Service center is very customer oriented which definitely is decisive factor in its customer success.