Switzerland firm to deploy TCS banking IT suite

Tata Consultancy Services (TCS) today said Switzerland-based PostFinance would deploy its IT suite to overhaul part of latter's operations.

The banking suite -- TCS BaNCS -- comprising payments, core banking, securities processing for funds administration and compliance for fraud detection solution will be implemented as part of the modernisation drive of PostFinance, TCS said in a statement.

PostFinance, is a provider of domestic and international payment services, by deploying TCS BaNCS will enable flexible development and the adaptability to meet current and future market needs as well as regulatory requirements The entire modernisation program will be accomplished over the next four years, the statement added.

"Our partnership with PostFinance is a good example of our value proposition where we enable growth and efficiency without disruption. Through this implementation, PostFinance will meet the varied needs of a growing and diverse customer base," TCS Financial Solutions President N Ganapathy Subramaniam said.

TCS Financial Solutions is strategic business of TCS.

TCS BaNCS is a market ready, component based customer centric, real time solution which ensures faster time to market for products and flexibility to integrate and support both, existing and future business.