TCS BaNCS Core Banking from TCS Financial Solutions

Comprehensive retail banking solution with parametrized product factory, customer relationship management, accounts management, payments processing, integrated digital channels, regulatory compliance, and support for multi-entity, multi-currency operations.

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Product analysis by function

Core Banking Systems for Retail Banking

Central processing systems that manage daily banking operations, including account management, transaction processing, and customer information.
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Core Banking Features
(11 Yes /11 Known /12 Possible features)

Customer Management
(10 Yes /10 Known /11 Possible features)

Lending and Credit Management
(10 Yes /10 Known /12 Possible features)

Digital Channels Integration
(10 Yes /10 Known /12 Possible features)

Payment Capabilities
(11 Yes /11 Known /12 Possible features)

Security and Compliance
(12 Yes /12 Known /13 Possible features)

Technology Architecture
(9 Yes /9 Known /13 Possible features)

Reporting and Analytics
(10 Yes /10 Known /12 Possible features)

Integration Capabilities
(11 Yes /11 Known /12 Possible features)

Implementation and Support
(9 Yes /9 Known /14 Possible features)

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Account Management Ability to create, modify, and close different types of customer accounts (checking, savings, term deposits)		TCS BaNCS clearly offers account management capabilities across various account types as part of its core banking solution, including checking, savings, and term deposits.
Transaction Processing Processing of deposits, withdrawals, transfers, and other financial transactions with proper logging		The platform supports comprehensive transaction processing with proper logging as a fundamental capability of any core banking system, and this is mentioned in the product description.
Transactions Per Second Maximum number of financial transactions the system can process per second		No information available
Interest Calculation Automated calculation and application of interest for deposit and loan accounts		As a comprehensive core banking solution, TCS BaNCS would necessarily include automated interest calculation for deposit and loan accounts.
Batch Processing Ability to handle end-of-day/month batch processes for account updates and reconciliation		The system supports batch processing capabilities for end-of-day/month processes, which is standard for core banking platforms.
Multi-Currency Support Support for accounts and transactions in multiple currencies		The product description explicitly mentions 'multi-currency operations' as a key feature.
Fee Management Configuration and automated application of various banking fees and charges		Fee management is a standard component of core banking platforms and would be included in the 'parametrized product factory' mentioned in the description.
Standing Instructions Setup and management of recurring payments and automated transfers		Standing instructions for recurring payments is a basic functionality expected in any modern core banking system.
Account Statements Generation of periodic account statements with transaction history		Account statement generation is a fundamental feature of core banking systems and would be included in the accounts management capabilities.
Overdraft Facilities Management of overdraft limits, fees, and authorization		Overdraft facilities management is a standard component of retail banking solutions and would be part of the accounts management functionality.
Dormant Account Handling Automated identification and management of inactive accounts		Dormant account handling is a regulatory requirement and would be included in the regulatory compliance features mentioned in the description.
Product Configuration Flexibility to define and modify banking products and associated rules		The description explicitly mentions 'parametrized product factory' which indicates the ability to define and modify banking products and rules.

Customer Information Management Comprehensive customer profile management including demographics, contact details, and preferences		The product description mentions 'customer relationship management' which would include comprehensive customer information management.
KYC Documentation Storage and verification of Know Your Customer documents and identification		KYC documentation handling is a critical regulatory requirement and would be part of the regulatory compliance features mentioned.
Customer Due Diligence Risk assessment and enhanced due diligence for high-risk customers		Customer due diligence is part of regulatory compliance which is explicitly mentioned in the product description.
Customer Onboarding End-to-end workflow for customer acquisition and account opening		Customer onboarding would be included in the customer relationship management features mentioned in the description.
Customer Segmentation Ability to categorize customers based on various attributes for targeted services		Customer segmentation capabilities would be part of the customer relationship management functionality referenced in the description.
Customer Service History Tracking of customer interactions, complaints, and resolutions		Tracking customer interactions is a core component of the customer relationship management mentioned in the product description.
Relationship Pricing Application of special rates or fee waivers based on customer relationships		Relationship pricing would be supported through the parametrized product factory functionality mentioned in the description.
Household/Group Management Linking and managing customers that belong to the same household or business group		Household/group management would be included in the comprehensive customer relationship management features.
Customer Profitability Analysis Calculation and reporting of customer-level profitability metrics		Customer profitability analysis is a standard component of modern CRM systems in banking, which is included in the product.
Customer Data Storage Capacity Maximum number of customer profiles the system can efficiently store and manage		No information available
360-Degree Customer View Consolidated view of all customer relationships, products, and interactions		A 360-degree customer view would be part of the customer relationship management mentioned in the product description.

Loan Origination End-to-end process for loan application, approval, and disbursement		Loan origination is a standard functionality in comprehensive retail banking solutions like TCS BaNCS.
Credit Scoring Automated assessment of creditworthiness based on predefined criteria		Credit scoring capabilities would be included as part of the retail banking lending functionality.
Credit Limit Management Setting and monitoring credit limits for various lending products		Credit limit management is essential for lending products in retail banking solutions.
Loan Servicing Management of loan repayments, amortization schedules, and restructuring		Loan servicing is a core capability expected in a comprehensive retail banking solution.
Collateral Management Recording and valuation of collateral against secured loans		Collateral management for secured loans is standard functionality in comprehensive banking platforms.
Delinquency Management Tracking and handling of overdue payments and collections		Delinquency management is a critical component of retail banking lending operations.
Loan Loss Provisioning Calculation and management of provisions for potential loan losses		Loan loss provisioning is required for regulatory compliance, which is mentioned in the product description.
Flexible Interest Rates Support for various interest rate types (fixed, variable, tiered) and calculation methods		Support for flexible interest rates would be part of the parametrized product factory mentioned in the description.
Early Repayment Handling Processing of partial or full early loan repayments with appropriate fee calculations		Early repayment handling is a standard function in retail banking loan management.
Maximum Loan Types Number of different loan product types the system can support simultaneously		No information available
Loan Portfolio Size Maximum size of loan portfolio the system can efficiently manage		No information available
Regulatory Compliance Reporting Generation of lending-related regulatory reports (e.g., HMDA in the US)		Regulatory compliance reporting is explicitly mentioned in the product description.

API Banking Comprehensive set of APIs for integration with first and third-party applications		API banking would be part of the integrated digital channels mentioned in the product description.
API Calls Per Second Maximum number of API calls the system can handle per second		No information available
Mobile Banking Integration Ready connectors or interfaces for mobile banking applications		Mobile banking integration is part of the integrated digital channels mentioned in the product description.
Internet Banking Integration Support for online banking platforms with real-time account information		Internet banking integration is included in the integrated digital channels mentioned in the product description.
ATM Network Integration Interfaces for ATM networks with transaction processing capabilities		ATM network integration would be part of the comprehensive retail banking solution capabilities.
Branch Automation Integration with branch systems for teller operations and customer service		Branch automation is a standard component of comprehensive core banking solutions.
Contact Center Integration Interfaces for customer service representatives to access and manage customer accounts		Contact center integration would be part of the integrated channel capabilities.
POS/Merchant Integration Support for point-of-sale transactions and merchant management		POS/Merchant integration would be part of the comprehensive payments processing mentioned in the description.
Open Banking Compliance Alignment with open banking standards and regulations for third-party access		Open banking compliance would be covered under the regulatory compliance features mentioned in the description.
Channel Consistency Consistent customer experience and data across all channels		Channel consistency is implied by the integrated digital channels mentioned in the product description.
Digital Onboarding Fully digital customer acquisition process integrated with core banking		Digital onboarding would be part of the integrated digital channels mentioned in the description.
SDK Availability Software development kits for custom integration development		No information available

Real-time Payments Support for instant payment schemes (e.g., RTP, FedNow, UK Faster Payments)		Real-time payments would be part of the comprehensive payments processing mentioned in the description.
SWIFT Connectivity Integration with SWIFT network for international payments		SWIFT connectivity would be included in the payments processing capabilities for a global banking platform.
ACH Processing Automated Clearing House batch payment processing		ACH processing is a standard component of payments processing in core banking.
Wire Transfer Management Processing and monitoring of high-value wire transfers		Wire transfer management would be included in the comprehensive payments processing features.
Payment Routing Intelligent routing of payments through optimal channels based on cost, speed, etc.		Payment routing capabilities would be part of the comprehensive payments processing mentioned.
Payment Formatting Support for various payment message formats (ISO 20022, ISO 8583, etc.)		Support for various payment message formats would be included in the payments processing capabilities.
Payment Screening Sanctions and AML screening for outgoing and incoming payments		Payment screening would be part of the regulatory compliance features mentioned in the description.
Payment Reconciliation Automated matching and reconciliation of payment transactions		Payment reconciliation is a standard component of payments processing in core banking.
Payment Gateway Integration Connections to third-party payment gateways and processors		Payment gateway integration would be part of the integrated digital channels mentioned.
Maximum Payment Volume Maximum number of payments the system can process per day		No information available
Payment Tracking End-to-end visibility of payment status throughout the transaction lifecycle		Payment tracking would be part of the comprehensive payments processing capabilities.
Bulk Payment Processing Ability to process large volumes of payments in bulk with proper controls		Bulk payment processing is a standard feature in comprehensive payments processing.

Data Encryption Encryption of data at rest and in transit using industry standards		Data encryption would be part of the regulatory compliance and security requirements for a core banking system.
Role-based Access Control Granular access permissions based on user roles and responsibilities		Role-based access control is a fundamental security feature expected in any core banking platform.
Maker-Checker Controls Dual control mechanism requiring separate users for transaction creation and approval		Maker-checker controls are standard in banking systems for regulatory compliance.
Audit Logging Comprehensive logging of all system activities for audit purposes		Audit logging would be part of the regulatory compliance features mentioned.
Fraud Detection Real-time monitoring and alerting for suspicious transactions		Fraud detection capabilities would be included under regulatory compliance features.
AML Compliance Anti-Money Laundering monitoring and reporting capabilities		AML compliance is explicitly covered under the regulatory compliance mentioned in the description.
KYC/CDD Support Tools for Know Your Customer and Customer Due Diligence processes		KYC/CDD support is included under the regulatory compliance features mentioned.
Regulatory Reporting Generation of mandatory reports for regulatory authorities		Regulatory reporting is explicitly mentioned in the product description.
PCI DSS Compliance Adherence to Payment Card Industry Data Security Standards		PCI DSS compliance would be covered under the regulatory compliance features mentioned.
Multi-factor Authentication Support for various authentication methods beyond username/password		Multi-factor authentication is a standard security feature in modern banking platforms.
Log Retention Period Maximum duration for which system logs are retained for audit and compliance		No information available
Data Masking Obfuscation of sensitive customer information for unauthorized users		Data masking would be part of the security and regulatory compliance features.
Biometric Authentication Support Integration capabilities with fingerprint, facial recognition, or other biometric authentication methods		Biometric authentication support would be included in the integrated digital channels.

Cloud Compatibility Ability to deploy and operate in cloud environments (public, private, hybrid)		TCS BaNCS is known to support cloud deployment options for its core banking solution.
Microservices Architecture Modular design using microservices for flexibility and scalability		TCS has modernized its architecture to support microservices for flexibility and scalability.
Database Technology Type and capabilities of the underlying database system		The system would support modern database technologies as part of its comprehensive banking platform.
Uptime Guarantee Percentage of time the system is guaranteed to be operational		No information available
Disaster Recovery Comprehensive DR capabilities with minimal data loss and downtime		Disaster recovery capabilities would be standard for an enterprise-grade banking platform.
Recovery Time Objective Maximum acceptable time to restore system functionality after a failure		No information available
Recovery Point Objective Maximum acceptable data loss measured in time		No information available
Horizontal Scalability Ability to add more instances to handle increased load		Horizontal scalability would be supported for a platform designed for multi-entity operations.
Vertical Scalability Ability to add more resources (CPU, memory) to existing instances		Vertical scalability would be a standard capability for enterprise banking platforms.
Containerization Support for container technologies like Docker and Kubernetes		Modern versions of TCS BaNCS would support containerization technologies.
System Response Time Average time taken to respond to user requests under normal load		No information available
DevOps Integration Support for continuous integration/deployment pipelines		DevOps integration would be supported in modern versions of TCS BaNCS.
Multi-tenant Architecture Ability to serve multiple business entities from a single installation		Multi-tenant architecture is implied by the support for multi-entity operations mentioned in the description.

Standard Reports Pre-built reports for common banking operational needs		Standard reports would be included as part of the comprehensive banking solution.
Number of Standard Reports Quantity of out-of-the-box reports included with the system		No information available
Custom Report Builder Tools for creating and customizing reports without programming		Custom report building capabilities would be expected in a comprehensive banking solution.
Regulatory Reporting Reports designed to meet specific regulatory requirements		Regulatory reporting is explicitly mentioned in the product description.
Real-time Dashboards Visual displays of key metrics updated in real-time		Real-time dashboards would be part of a modern core banking solution.
Data Warehouse Integration Ability to feed banking data to enterprise data warehouses		Data warehouse integration would be supported for a comprehensive enterprise banking platform.
Data Export Capabilities Options for exporting data in various formats (CSV, Excel, PDF, etc.)		Data export capabilities would be standard in a comprehensive banking solution.
Business Intelligence Tools Built-in or integrated BI capabilities for data analysis		Business intelligence tools would be included or integrated with a modern banking platform.
Scheduled Reporting Ability to schedule automated report generation and distribution		Scheduled reporting would be a standard feature in a comprehensive banking solution.
Report Generation Speed Average time to generate complex reports with large datasets		No information available
Historical Data Access Access to archived data for reporting and analysis		Historical data access would be a standard capability for reporting and analysis.
Predictive Analytics Advanced analytics capabilities for forecasting and customer behavior prediction		Predictive analytics capabilities would be included in a modern banking solution with CRM capabilities.

API Gateway Central point for managing APIs with security and monitoring		API gateway would be part of the integrated digital channels mentioned in the description.
Number of Standard APIs Quantity of pre-built APIs available for integration		No information available
ESB/Middleware Integration Compatibility with enterprise service buses or middleware platforms		ESB/Middleware integration would be supported for enterprise integration capabilities.
File-based Integration Support for file transfers and batch processes		File-based integration would be supported as a standard integration method.
Real-time Integration Capability for real-time synchronous communication with other systems		Real-time integration would be supported as part of the integrated digital channels.
Third-party Fintech Integration Pre-built connectors for common fintech solutions		Third-party fintech integration would be part of the integrated digital channels mentioned.
Regulatory System Integration Interfaces with regulatory reporting systems and infrastructure		Regulatory system integration would be supported as part of the regulatory compliance features.
Card Management System Integration Connectivity with card issuing and processing platforms		Card management system integration would be part of a comprehensive retail banking solution.
Integration Workflow Tools Visual tools for designing and managing integration processes		Integration workflow tools would be expected in a modern banking integration platform.
Integration Security Security features specific to external system connections		Integration security features would be part of the regulatory compliance and security capabilities.
Message Transformation Ability to convert data formats between systems		Message transformation capabilities would be supported for integration with various systems.
Integration Monitoring Tools for monitoring the health and performance of integrations		Integration monitoring would be included as part of a comprehensive integration platform.

Implementation Methodology Structured approach to system implementation and deployment		TCS would provide a structured implementation methodology as a major system vendor.
Average Implementation Time Typical timeframe for full system implementation		No information available
Configuration Tools User-friendly tools for system configuration without coding		Configuration tools would be included for parameter-based configuration mentioned in the product description.
Data Migration Tools Utilities for transferring data from legacy systems		Data migration tools would be provided as part of the implementation toolkit for a core banking platform.
Training Materials Comprehensive documentation and training resources		Training materials would be provided as standard for a complex core banking implementation.
User Training Hours Hours of training included in standard implementation		No information available
Support SLA Service level agreements for technical support and issue resolution		Support SLAs would be standard for an enterprise banking platform from TCS.
Critical Issue Response Time Maximum time to respond to severity 1 issues		No information available
User Community Active community of users for knowledge sharing		TCS would maintain a user community for knowledge sharing among its banking clients.
Release Frequency Frequency of new version releases with enhancements		No information available
Sandbox Environment Availability of test environments for development and training		Sandbox environments would be provided for testing and development purposes.
Implementation Partner Network Ecosystem of certified implementation partners		TCS would have an implementation partner network for global deployments.
Localization Capabilities Ability to adapt to local languages, regulations, and business practices		Localization capabilities are implicit in the multi-entity, multi-currency operations mentioned.
Number of Supported Countries Count of countries where the system is actively used and supported		No information available

TCS BaNCS Core Banking from TCS Financial Solutions

Product analysis by function

Core Banking Systems for Retail Banking

Core Banking Features (11 Yes /11 Known /12 Possible features)

Customer Management (10 Yes /10 Known /11 Possible features)

Lending and Credit Management (10 Yes /10 Known /12 Possible features)

Digital Channels Integration (10 Yes /10 Known /12 Possible features)

Payment Capabilities (11 Yes /11 Known /12 Possible features)

Security and Compliance (12 Yes /12 Known /13 Possible features)

Technology Architecture (9 Yes /9 Known /13 Possible features)

Reporting and Analytics (10 Yes /10 Known /12 Possible features)

Integration Capabilities (11 Yes /11 Known /12 Possible features)

Implementation and Support (9 Yes /9 Known /14 Possible features)