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TCS BaNCS Corporate Banking from TCS Financial Solutions
Comprehensive payment and collection solution offering centralized payment processing, automated receivables management, real-time transaction monitoring, cash flow forecasting, and regulatory compliance tools.
More about TCS Financial Solutions
Product analysis by function
Payment and Collection Solutions for Corporate Banking
Systems that facilitate various payment and collection methods tailored to corporate needs.
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Account Integration and Management
(10 Yes /10 Known /12 Possible features)
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Multi-bank connectivity Ability to connect and integrate with accounts at multiple banks. |
As a comprehensive corporate banking platform, TCS BaNCS supports multi-bank connectivity for consolidated payments and collections. | |
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Account aggregation Collates balances and transaction data from various accounts into a single dashboard. |
Product claims to centralize balances and transactions across accounts; built-in dashboard shown in marketing materials. | |
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Real-time account balance Provides up-to-date account balances. |
Notes reference real-time transaction monitoring, implying real-time balances. | |
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Account hierarchy management Manages structures like parent/child or pooled accounts. |
Platform supports complex account structures (e.g. pooling), indicated by feature guides. | |
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Account reconciliation Supports bank statement and transaction reconciliation. |
Product includes automated reconciliation for payments, as referenced under receivables management. | |
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Virtual account management Enables use and management of virtual/alias accounts for collections/reconciliation. |
Virtual accounts are mentioned as tools for collections and reconciliation. | |
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Automated account mapping System can auto-map inbound payments to client reference codes. |
No information available | |
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Daily transaction capacity Maximum number of transactions/accounts system can manage daily. |
No information available | |
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Bulk upload/download Allows bulk import/export of account or transaction data. |
Marketing documentation confirms bulk data import/export for onboarding and reconciliation. | |
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Custom account reporting Users can generate customizable reports on account activity. |
Custom reporting is a standard product capability. | |
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Multi-currency account support Handles accounts in multiple currencies. |
Supports multicurrency treasury and cash management. | |
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APIs for account management APIs for integration into ERPs for real-time account management. |
API-based account management highlighted for ERP integration. |
Payment Processing
(11 Yes /11 Known /12 Possible features)
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Batch payments Support for processing multiple payments in one batch. |
Batch payments supported for payroll and supplier payments. | |
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Payment type support Ability to process multiple payment types (wire, ACH, SEPA, SWIFT, RTGS, etc). |
Product supports a wide range of local and global payment types, including wires and ACH. | |
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Real-time payments Support for immediate/instant payment clearing and settlement. |
Real-time payments referenced both in product datasheet and on website. | |
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Payment approvals workflow Configurable multi-step payment release authorization. |
Configurable approval workflows mentioned for payment security. | |
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Automated payment routing System recommends/auto-selects optimal payment rails. |
Automated payment routing selectable based on optimal rails is described in solution features. | |
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Payment limit controls Define limits for payment values per user/transaction. |
Payment control features include user and transaction value limits. | |
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Dual authorization Requires two or more users to authorize payments. |
Dual/multilevel authorization supported for payment security. | |
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Bulk payment speed Average time to process a bulk payment batch. |
No information available | |
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Error and exception handling Intelligent identification and handling of failed or returned payments. |
Automated error management for failed/returned payments described in product documentation. | |
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Multiple beneficiary management Supports managing a database of beneficiaries. |
Support for maintaining multiple beneficiaries per corporate client. | |
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End-to-end payment tracking Track payments from initiation to beneficiary’s account. |
Real-time tracking from initiation to settlement is a highlighted capability. | |
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Payment data validation System validates payment instructions before submission. |
Payment data validation steps/procedures listed in integration guides. |
Collection Management and Receivables
(8 Yes /8 Known /11 Possible features)
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Automated receivables reconciliation Automatically matches inbound payments with open invoices. |
Claims automated invoice matching with receivables in product overviews. | |
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Virtual account for collections Assigns unique virtual accounts to customers for automated receivables tracking. |
Virtual/alias accounts for collections offered as a standard feature. | |
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Direct debit support Facilitates automated recurring collections via direct debits. |
Supports direct debit mandates and recurring collections per payment automation notes. | |
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Discounts and invoice adjustments Applies early payment discounts and fee adjustments automatically. |
No information available | |
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Collection notification automation Sends payment reminders/notices to customers automatically. |
Automated invoice reminders and dunning are built-in to collections functionality. | |
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Customer payment portal Self-service portal for customer payments and invoice download. |
Portal for customers to settle invoices and access transaction histories included. | |
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Cash application engine Automates allocation of incoming payments to correct customer accounts and invoices. |
Automated cash application mentioned as a main capability for receivables. | |
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Remittance advice processing Captures and uses remittance information to match payments accurately. |
No information available | |
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Daily collection capacity Maximum number of collection transactions system can process daily. |
No information available | |
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Integration with e-invoicing Links e-invoicing outputs to payment and collection engine. |
Integration with e-invoicing platforms referenced as part of collections ecosystem support. | |
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Support for partial payments Handles multiple or partial payments per invoice. |
Supports partial and installment-based invoice payment. |
Connectivity and Integration
(8 Yes /8 Known /10 Possible features)
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Open API support Offers well-documented APIs for all core functionalities. |
Open API support highlighted for broad integration by third parties. | |
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ERP integration Native connections to major ERP systems (SAP, Oracle, Microsoft, etc). |
ERP integrations with SAP and Oracle mentioned explicitly in datasheets. | |
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Custom integration support Ability to build custom connectors to bespoke systems. |
Ability to build custom connectors stated in integration documentation. | |
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SFTP integration Ability to transmit and receive files securely via SFTP. |
Product supports SFTP for file integrations with partners and customers. | |
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Webhook notifications Real-time push notifications via webhooks for system events. |
Webhook and push notification architectures are shown for event alerting. | |
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Plugin marketplace Access to a marketplace of pre-built application plugins. |
No information available | |
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Batch file import/export Supports high-speed batch payment/collection file operations. |
Batch file import/export included for payment and collections in user manuals. | |
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Integration latency Average response time for API calls. |
No information available | |
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Custom field mapping Ability to map and transform data fields for integration purposes. |
Custom field/data mapping is offered for system integration. | |
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Standard messaging protocols Supports industry protocols (ISO 20022, SWIFT MT, etc). |
Standard protocols like ISO 20022, SWIFT MT supported (referenced in TCS BaNCS documentation). |
Security and Compliance
(10 Yes /10 Known /11 Possible features)
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End-to-end encryption All data is transmitted with strong cryptographic encryption. |
Platform is certified for secure, encrypted financial messaging. | |
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2-factor authentication Requires multi-factor authentication for user access. |
Compliance with multi-factor authentication highlighted in security fact sheet. | |
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Audit logging Comprehensive event and transaction audit log. |
Comprehensive audit logging claimed for all transaction events. | |
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User permissions management Granular controls over user rights and role-based access. |
Granular user and role-based access controls standard per security documentation. | |
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Payment fraud detection Automated tools to detect suspicious transactions. |
Automated risk/fraud detection engines referenced in product datasheet. | |
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Alerts and notifications Notifies users/admins of critical security or compliance events. |
Alerts and notifications configurable for users/administrators. | |
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Sanctions list screening Checks counterparties against up-to-date sanctions lists. |
Sanctions list screening is a mandatory compliance feature for international payments. | |
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Regulatory reporting automation Automates generation of regulatory and compliance reports. |
Automated regulatory reporting tools referenced in compliance solution outlines. | |
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Compliance certifications Certifications such as PCI DSS, ISO 27001, SOC 2, etc. |
Certifications listed as part of enterprise banking client requirements (PCI, ISO 27001, etc.). | |
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Session timeout configuration Customizable timeout interval for inactive sessions. |
No information available | |
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Data retention policy management Configurable data retention and deletion rules. |
Customizable data retention rules available for compliance management. |
User Experience and Accessibility
(4 Yes /4 Known /9 Possible features)
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Role-based dashboards Personalized interfaces based on user roles. |
Personalized dashboards based on user role referenced as a UI feature. | |
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Mobile app support Native smartphone application for on-the-go access. |
Mobile app available for corporate banking on both iOS and Android. | |
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Multi-lingual interface Supports more than one interface language. |
Platform described as supporting multiple languages for global clients. | |
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Customizable widgets Users can add/remove UI widgets according to their needs. |
No information available | |
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Accessibility standards compliance WCAG/ADA compliance for users with disabilities. |
No information available | |
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Self-service onboarding Allows corporate users to onboard and configure features independently. |
No information available | |
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User feedback tools In-app customer support, chat, and feedback submission. |
User support includes in-app chat and feedback modules. | |
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Notification preferences Users control what, how, and when they receive notifications. |
No information available | |
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Concurrent user support Number of users who can concurrently access the system. |
No information available |
Reporting and Analytics
(6 Yes /6 Known /9 Possible features)
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Custom report builder Flexible tool for users to design custom reports. |
Custom report creation tool available for all modules. | |
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Scheduled reports Automatic delivery of reports at scheduled intervals. |
Reports can be generated and delivered at scheduled times per reporting engine documentation. | |
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Dashboard visualization Graphical dashboards display key KPIs and data trends. |
Dashboards and KPI visualizations are a standard product feature. | |
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Drill-down analytics Users can start with summary data and drill into transaction details. |
Drill-down analytics capabilities referenced in analytics solution outlines. | |
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Export formats Reports can be exported to various file formats (CSV, XLS, PDF, etc). |
Reporting outputs in multiple file formats (CSV, PDF, XLS) supported. | |
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Payment pattern analysis System suggests optimized payment times/routines based on historic patterns. |
No information available | |
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Exception/outlier detection Identifies anomalous transactions or behaviors. |
No information available | |
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Real-time data analytics Data is available for analytics with minimal delay. |
Real-time analytics for cash flow and transaction monitoring referenced. | |
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Number of standard reports Default number of pre-built standard reports. |
No information available |
Product Scalability and Performance
(5 Yes /5 Known /8 Possible features)
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Horizontal scaling Ability to add capacity by increasing hardware or instances. |
Horizontal scaling via cloud and on-premises deployments described in technical documents. | |
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Vertical scaling Ability to handle increased loads by upgrading to more powerful hardware. |
Supports vertical scaling for high transaction volumes as part of performance options. | |
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High availability Design enables minimal downtime or service interruption. |
High-availability architecture (including redundancy) referenced for business continuity. | |
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Failover capability Automatic system switch-over if there is a component failure. |
Failover capabilities implemented—stated in system architecture collateral. | |
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Disaster recovery Comprehensive disaster recovery for business continuity. |
Documented disaster recovery strategy included for enterprise deployments. | |
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Average transaction latency Average time to process a single payment/collection. |
No information available | |
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Daily peak throughput Maximum number of payments/collections processed in peak hour. |
No information available | |
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Real-time scaling notifications Notifies administrators when scale thresholds are exceeded. |
No information available |
Pricing and Cost Transparency
(4 Yes /4 Known /7 Possible features)
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Transparent fee breakdown Detailed itemization of fees and charges. |
Product documentation includes detailed breakdown of all applicable fees. | |
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Usage-based pricing support Supports pricing based on volume of transactions/users. |
Supports usage-based transaction pricing, depending on agreement. | |
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Dynamic cost estimation tools Allows simulation of monthly/annual spend based on planned usage. |
No information available | |
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Cost allocation by branch/department Assigns and tracks costs by organizational unit. |
No information available | |
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Alerts for cost overages Notifies when usage/cost thresholds are exceeded. |
No information available | |
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Contract management Tracks contracts, renewal dates, and related pricing agreements. |
Contract management and renewal tracking described as available for customers. | |
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Fee negotiation support Supports dynamic negotiation of fee tiers based on volume. |
Fee negotiation support for high-volume customers referenced in pricing section. |
Support, Documentation, and Training
(7 Yes /7 Known /7 Possible features)
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24/7 customer support Round-the-clock phone, email or chat support. |
24/7 customer support explicitly mentioned for corporate clients. | |
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Extensive user documentation Comprehensive user manuals, FAQs, and guides. |
Comprehensive documentation and knowledge portal described under support. | |
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In-product help tooltips Context-sensitive help links and tooltips. |
Application includes context-sensitive help and tips. | |
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Onboarding program Structured onboarding, training, and certification for users. |
Formal onboarding and user training program outlined in client materials. | |
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Self-paced eLearning Access to online self-service training modules. |
Self-paced e-learning modules available for product training. | |
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Dedicated account manager Assigned individual for personalized support. |
Dedicated account managers assigned to enterprise banking clients. | |
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Knowledge base search Searchable central resource for FAQs, troubleshooting and updates. |
Central knowledge base with search functionality available for users. |
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