21 August 2017
visit www.avoka.com

TCS reports Russian bank deal

01 May 2007  |  5200 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  |  6431 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  |  8018 views  |  0 comments
TCS acquires 75% stake in Swiss partner TKS-Teknosoft

TCS acquires 75% stake in Swiss partner TKS-Teknosoft

03 November 2006  |  7851 views  |  0 comments
Capgemini, TCS and Xansa win FSA mandate

Capgemini, TCS and Xansa win FSA mandate

18 August 2006  |  11795 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10502 views comments | 24 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8781 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8645 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8446 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7960 views comments | 17 tweets | 16 linkedin