18 January 2018
visit http://response.ncr.com

TCS reports Russian bank deal

01 May 2007  |  5266 views  |  0 blue circuits

India's Tata Consultancy Services (TCS) is reporting a multi-million dollar contract with Russia's BIN Bank for the supply and implementation of its core banking platform, Bancs.

The Russian bank will replace its core banking system with Bancs modules for retail, trade, treasury, deposits, loans, payments, cards and branch delivery.

TCS says the technology will enable the bank to provide 24/7 online, real time transaction processing and reporting across multiple channels.

Mikhail Shishkhanov, president, BIN Bank, says: "This core banking initiative is a critical component of our business strategy as we continue to maximise new product development initiatives and bank profitability."

N Ganapathy Subramaniam, head of banking practice at TCS, says the BIN Bank deal is the vendor's first in the Russian Federation and is part of long term growth plans in the region.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

TCS wins CFETS trading systems contract; opens Chinese offshore centre

TCS wins CFETS trading systems contract; opens Chinese offshore centre

16 February 2007  |  6512 views  |  0 comments
TCS inks $140m Banco Pichincha deal; reports $100m Chinese bank contract

TCS inks $140m Banco Pichincha deal; reports $100m Chinese bank contract

16 January 2007  |  8091 views  |  0 comments
TCS acquires 75% stake in Swiss partner TKS-Teknosoft

TCS acquires 75% stake in Swiss partner TKS-Teknosoft

03 November 2006  |  8011 views  |  0 comments
Capgemini, TCS and Xansa win FSA mandate

Capgemini, TCS and Xansa win FSA mandate

18 August 2006  |  11894 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.niceactimize.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11847 views comments | 16 tweets | 17 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10121 views comments | 32 tweets | 35 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9830 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9523 views comments | 17 tweets | 14 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9449 views comments | 14 tweets | 16 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job