D bank se­lects TCS core bank­ing sys­tem

The Pak Banker - - Company& -

LONDON: Deutsche Bank is re­plac­ing mul­ti­ple legacy sys­tems with a bank­ing plat­form from Tata Con­sul­tancy Ser­vices (TCS) as it up­dates its global trans­ac­tion bank­ing.

The bank has paid an undis­closed sum for TCS' BaNCS sys­tem, which will sup­port op­er­a­tions in 30 coun­tries.

BaNCS pro­vides bank­ing func­tion­al­ity in­clud­ing ac­count ser­vices, in­ter­est and charges, liq­uid­ity man­age­ment, funds trans­fer and pay­ments, state­ments and risk man­age­ment and re­port­ing.

Wolf­gang Gaert­ner, CIO for core bank­ing at Deutsche Bank, said state-of-the-art in­for­ma­tion technology is cru­cial for a bank and for its clients.

"That is why we are in­vest­ing in cost-ef­fi­cient plat­forms to push for a high de­gree of in­dus­tri­al­i­sa­tion, stan­dard­i­s­a­tion of pro­cesses and to sup­port busi­ness growth," he said. -PB News

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