TCS gains after launching TCS BaNCS Digital

TCS rose 0.5% to Rs 2,571 at 9:30 IST on BSE after the company announced the launch of TCS BaNCS Digital, a solution designed specifically for financial institutions in North America.

The company made announcement after market hours yesterday, 9 June 2015.

Meanwhile, the S&P BSE Sensex was up 237.23 points or 0.9% at 26,718.48.

On BSE, so far 2,929 shares were traded in the counter as against average daily volume of 1.06 lakh shares in the past one quarter.

Shares of IT services provider hit a high of Rs 2,580.05 and a low of Rs 2,564 so far during the day.

TCS said that the US-based banks can now use TCS BaNCS Digital to deliver an intuitive, interactive and insightful customer experience. TCS BaNCS Digital also allows seamless integration of various stakeholders in the financial supply chain and its ecosystem, TCS said in a statement.

TCS BaNCS Digital is a modern banking platform enabling convenient, insightful and Any Place Banking to customers at large across segments, be it individuals, corporations, SMEs, or the affluent. The solution is conceptualized as a series of secure enterprise and consumer apps that can be highly personalized and white-labeled. The embedded Digital Insights Layer enables integration to the existing core systems, as well as to the external social world, providing complete information at the hands of client's (e.g., convenience and control). The technology can be deployed on top of existing core banking infrastructure, launched as a new digital bank or as a mobile only bank.

TCS' consolidated net profit fell 30.31% to Rs 3712.67 crore on 0.83% rise in total income to Rs 25355.98 crore in Q4 March 2015 over Q3 December 2014.

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