New Release of TCS BaNCS for Payments to help Banks Unleash Innovation, Speed and Transparency

TCS has launched TCS BaNCS for Payments V12 at SIBOS 2018; certified SWIFT gpi-ready

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Tata Consultancy Services (TCS) announced the release of TCS BaNCS for Payments V12 at SIBOS 2018. The latest version,  certified SWIFT gpi-ready, has been launched to  help banks unleash greater agility, innovation and transparency across the payments value chain.

“By embracing SWIFT gpi, TCS customers can now send and receive payments with speed, transparency, and end-to-end tracking,” said Thierry Chilosi, Marketing director - gpi Customer Success, SWIFT. “As TCS BaNCS is one of the first few applications certified on gpi, TCS customers will now benefit from quick and cost effective implementation, as well as dramatically improved end-client experiences.”

“Payments is an area of massive innovation and disruption today. TCS BaNCS for Payments has been consistently ahead of the curve, be it for SEPA compliance or ISO 20022 readiness. In addition to straight through processing, real time payments capability and a comprehensive set of APIs, TCS BaNCS supports SWIFT gpi, which has the potential of transforming cross-border payments,”said R Vivekanand, VP and co-head, Financial Solutions, TCS.

“With these capabilities, banks will be able to meet customer demand for faster and smarter payments, gain the ability to evolve newer business models in the larger ecosystems they operate in, and make themselves less vulnerable to disintermediation.”

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