Janata Sahakari Bank Selects TCS BaNCS™ for Digital Banking Transformation
TCS announces partnership with Janata Sahakari Bank Pune for implementing TCS BaNCS™ Global Banking Platform to modernize core and digital banking operations. The transformation covers comprehensive banking functions including payments, trade finance, and regulatory compliance while enhancing customer experience through digital onboarding and API-driven solutions across the bank's 71-branch network.
*this image is generated using AI for illustrative purposes only.
Tata Consultancy Services has announced that Janata Sahakari Bank Pune (JSBL) has selected the TCS BaNCS™ Global Banking Platform to modernize its core and digital banking landscape. This strategic partnership will enable the cooperative bank to enhance operational efficiencies and provide superior customer experiences through comprehensive digital transformation.
Comprehensive Banking Platform Implementation
The TCS BaNCS™ implementation will encompass multiple banking functions including core banking, payments, trade finance, and AML/KYC compliance capabilities. This transformation aims to accelerate growth, enhance omnichannel customer experiences, and expand the bank's market footprint while improving enterprise performance and risk controls.
| Implementation Scope: | Details |
|---|---|
| Client: | Janata Sahakari Bank Pune |
| Solution: | TCS BaNCS™ Global Banking Platform |
| Coverage: | Core Banking, Payments, Trade Finance |
| Compliance: | AML/KYC and RBI Guidelines |
| Network: | 71 branches across Maharashtra and Gujarat |
Strategic Digital Transformation
Established in 1949, JSBL Pune operates through 71 branches across Maharashtra and Gujarat, serving as one of India's leading cooperative banks. The transformation will enable compliance with evolving Reserve Bank of India regulations covering credit risks, digital banking, cybersecurity, and customer protection.
Jagdish P. Kashyap, CEO, JSBL Pune, stated: "At Janata Sahakari Bank, our commitment has always been to deliver superior banking experiences to our customers, while serving their specific financial needs. By partnering with TCS BaNCS for our digital core transformation, we are taking a significant step forward in providing seamless, innovative, and customer-centric banking services."
Enhanced Customer Experience Features
The enhanced ecosystem will enable digital onboarding and self-service portals to streamline account opening processes. The platform will provide scalable API-driven solutions to efficiently meet evolving market developments, ensuring customers have access to advanced banking services across web, mobile, and offline touchpoints.
| Key Features: | Benefits |
|---|---|
| Digital Onboarding: | Streamlined account opening |
| Self-Service Portals: | Enhanced service accuracy and speed |
| API-Driven Solutions: | Scalable market adaptability |
| Trade Finance: | Real-time processing and risk management |
Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS, commented: "We are delighted at this partnership with Janata Sahakari Bank and extend our commitment to providing modern and secure banking solutions to the urban co-operative banking sector in India. We are happy to bring to JSB a future ready solution which incorporates some of the unique needs of this segment while also bringing in the best global practices."
TCS Banking Solutions Leadership
The TCS BaNCS™ Global Banking Platform, available on-premise and on cloud, helps banks offer innovative products and services throughout customer life journeys. The solution's future-ready digital core can accelerate cooperative bank transformation, enabling participation in larger ecosystems through comprehensive API catalogues. This partnership reinforces TCS's position in India's banking technology sector, where the company has been driving digital transformation for nearly six decades.
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