BαNCS

The companies Universal KUBE and Tata Consultancy Services (TCS), one of world leaders in the field of rendering IT services, development of solutions for business and outsourcing, announced in May, 2011 signing of the partnership agreement on promotion of the universal bank TCS BaNCS platform in the markets of Russia, Ukraine and Belarus. Within this cooperation the line of the products TCS BaNCS will be offered credit institutions of these countries as the high-performance solution for automation of commercial, retail and universal banks.

Within two years project teams of both companies jointly worked on localization of the automated banking system of TCS BaNCS (Core Banking) for the Russian market. System implementation in the B&N BANK entering in top-50 the Russian banks became confirmation of success of these efforts.

In localization process the functionality of TCS BaNCS was expanded for support of the Russian accounting standards and the integration providing interaction of a system in real time with national payment system is executed. Necessary formats of the regulatory reporting and also the business processes, other, unique for the Russian market, affecting functions of accounting and transaction of a back office were implemented. The TCS BaNCS system implemented in B&N BANK supports a broad spectrum of banking products, including consumer lending, a mortgage, car loans, credit cards, deposits, RKO, corporate service and products for small and medium business.

The president of TCS Financial Solutions company, N. Ganapati Subramaniam notes: "Relying on experience of more than 250 client projects in 80 countries of the world, we are ready to support the innovation conversions of business of financial institutions today, having proposed it solutions for providing financial services with the widest functional covering. The Universal KUBE company has unique examination on implementation and support of different bank platforms and at the same time excellent knowledge of the products TCS BaNCS. We expect the raised product demand of TCS from financial institutions of Russia, Ukraine and Republic of Belarus in the near future".

The CEO of Universal KUBE Vikhrov Sergey notes: "The complex of universal solutions was succeeded to develop Tata Consultancy Services companies for the financial sphere which basis the principles of interactivity, friendliness and instantaneousness of providing financial services in combination with service - the focused approach allowing to consider features of separate financial institution are on the TCS BaNCS platform".

The line of the products TCS BαNCS for automation of the primary banking activity, transactions of the stock markets and insurance repeatedly became the owner of the prestigious international awards established in the software development area.

Flexibly configured TCS BαNCS platform is implemented in traditions of Plug and Play technology, has modular structure and relies on high-scalable technology architecture which is capable to support financial institutions with a huge number of the performed operations, high rates of peak load and considerable volume of history on transactions.

TCS BaNCS 12

The TCS BaNCS 12 platform became more convenient for support of transactions of multifilial bank, including with geographically distributed divisions. The configurability of the user jobs of a system is improved, the functionality for creation of the reporting under the IFRS standards allowing to calculate effective interest rates, to make a fair value estimate of the actual and predicted cash flows, assessment of a change in value of assets and many other things gained development.

Also new release contains more than 50 additions, portal solutions, support of project and contract financing and other additions for work of credit institutions. The module of archiving of data is finished for use of the certified means of archiving from third-party developers in addition to the built-in mechanisms. The solution TCS BaNCS Core Banking continues to provide a possibility of a wide choice of channels of customer service – in departments, via the Internet and on mobile channels.

Fully will use new opportunities of the platform Deutsche Bank, one of world leaders in the volume of banking activities which selected TCS BaNCS as the main automated banking system intends.