Emirates NBD Selects TCS BaNCS for Transformation in Payments

Deepthi | Myequity news | Date : 03-01-2019 12:50:00 IST

Emirates NBD, the Middle East's leading financial services group, has chosen TCS BaNCS for Payments as its core processing platform to standardize and streamline payments operations across multiple geographies, including India, Egypt, Saudi Arabia, Singapore, UK and their home market, the United Arab Emirates.

Outlining the rationale for their selection of TCS BaNCS, Abdulla Qassem, Group Chief Operating Officer, Emirates NBD, said, “In an era of open, innovative and technology-driven banking globally, the payments services we provide our retail, corporate, business and transaction bonking customers have gained significant prominence. When we embarked on our digital and IT transformation program, we chose ICS BaNCS as our core payments platform because we found it to be a future-ready solution that best supports our transformation goals - to standardize the core payments processes across our different markets, to simplify our IT payments landscape, to support the launch of innovative payments products and enhance the digital experience for our customers."

"In a Business 4.0rM world, financial institutions are looking for solutions that impart agility to their businesses and provide an open, connected, digital core that can accelerate ongoing digital innovation,"
said Venkateshwaran Srinivasan, Vice President and Head, Financial Solutions, TCS. "Payments is an exciting space in the financial services landscape where we are seeing transformational ideas powered by technology and brought to market. The selection of TCS BaNCS by a marquee institution like Emirates NBD is very special for us indeed. This partnership is a reflection of our strong commitment to the Middle East market, where several leading financial institutions use TCS BaNCS across industry segments."

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organisation that has been partnering with many of the world's largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering.

More from Myequity