TCS BαNCS Core Banking solution enables financial institutions to drive transformation and modernise their processes and workflows with its powerful Service-Oriented Architecture. Mercantile Bank has embarked on a customer acquisition and infrastructure modernisation initiative. The solution deployment is underway and is expected to deliver substantial benefits of rapidly launching new products and enhance customer experience. Mercantile Bank will deploy TCS BαNCS for its Retail Banking operations.

Commenting on the choice of solution, David Brown, CEO, Mercantile Bank said "In addition to the robust functionality and ease of deployment of TCS BαNCS, we found the implementation capability of TCS FS personnel was of the highest quality. While the scale of the product was never in doubt, we found that this solution fits the size of our operations seamlessly. We look forward to breaking into new segments by leveraging this solution."

N. Ganapathy Subramaniam, president, TCS Financial Solutions said "As part of a larger group and as a Strategic Business unit, we are extremely committed to South Africa as it is a pivotal region for us in Africa. Mercantile Bank joins the ranks highly satisfied customers and we look forward to making it a showcase implementation in the region."