TCS Financial Solutions’ TCS BαNCS was 2007’s #2 best selling Universal Banking Solution and #3 Retail/Private Banking Solution in the world as awarded by International Banking Systems (IBS).
The Sales League Tables for 2007 were released by IBS Publishing in London on 28 February 2008. Established in 1991, IBS publishes the sales leagues table, news, case studies and analysis on wholesale banking, retail banking private banking and trade finance back office systems.
TCS Financial Solutions understands the specific needs of banks requiring Universal banking as well as those requiring retail or private banking applications. TCS BαNCS provides unparalleled scope, performance and scalability. TCS BαNCS is an integrated set of banking products, supporting all channels and offering a depth of functionality covering Trade, Treasury, Retail, Corporate, Payments, Wholesale, Cash Management and more.
The report states that TCS Financial Solutions had 24 new universal banking wins, and 7 new Retail or Private customers. While TCS BaNCS has even more wins and live sites than necessarily recorded by IBS, this ranking alone is confirmation on our exceptional achievements in the industry. Across 250+ financial institutions in over 80 countries, TCS BαNCS drives customer growth, reduces total costs of ownership, enhances new product development and enables banks to experience certainty.
“These remarkable achievements are testimony to the comprehensive functionality, scalability, and reliability of TCS BαNCS. The #2 and #3 leadership positions for Universal and Retail/Private banking respectively are direct results of our decades of commitment to the banking, capital markets and insurance industries. TCS Financial Solutions remains dedicated to delivering the most comprehensive and compelling solutions and services for leading financial institutions around the world,” says N. Ganapathy Subramaniam, president, TCS Financial Solutions.
“The combination of TCS Financial Solutions’ TCS BαNCS suite and the company’s resources and reach has clearly proven to be powerful one. 2007 saw significant new name business particularly on the TCS BαNCS universal banking side, and the company is one of the big movers on the sales league table, constituting the mainstream challenger to the established brigade” adds Martin Whybrow, founder and editor in chief, IBS Publishing.