Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, today announced that MyState Limited, an ASX-listed diversified financial Group in Australia, has implemented TCS BaNCS for core banking.
The implementation realises further benefits of the merger between MyState and The Rock, a major provider of financial and insurance services to the Central Queensland region. MyState, with an integrated, scalable core banking platform, can now further support its growth opportunities through improved products and services, and simpler, faster business processes and operations.
John Gilbert, Managing Director of MyState Limited, said, "We are delighted to announce that TCS BaNCS has been successfully implemented as it allows us to provide even more competitive products and services to our customers in the future and it forms part of an ongoing business improvement strategy to make our organisation more competitive and pave the way for further growth. These types of large scale technology transformation projects come with significant risks. However, the project team has worked extremely hard and diligently over the last 12 months to ensure the best possible outcome with the minimum amount of disruption to our customers and the meticulous preparation has paid dividends. What MyState and TCS have achieved together to get to this critical milestone, is significant and impressive."
"At TCS, our single purpose is to make technology simple," commented Colin Sword, Country Head, TCS Financial Solutions - Australia and New Zealand. "We are proud of this TCS BaNCS go live with MyState. This has been a swift implementation based on a common sense approach to achieving real business outcomes. Our team looks forward to working with MyState on future projects in order to drive growth and improve customer service."