Tata Consultancy Services' (TCS) financial services platform, TCS BaNCS will replace Malaysian AmBank's core banking engine.
This integrated banking suite, spanning conventional and Islamic banking, will support both retail banking and lending functionalities, said a statement from the company.
TCS BaNCS will help expand AmBank's business into new areas. It will also enable development and the scalability required to meet both current and future market and regulatory needs. Due to this deployment, TCS may soon have a regional support centre for TCS BaNCS in Kuala Lumpur.
“Our partnership with AmBank exemplifies TCS BaNCS value proposition of enabling transformation through a modern, scalable solution, leveraging the best practices consolidated through our “alpha model office.” Through this implementation, AmBank will meet the varied needs of a diverse customer base while also positioning itself for future growth,” said Mr N Ganapathy Subramaniam, President, TCS Financial Solutions.