Name: TCS BaNCS
Rating: 7.8 (2 reviews)
Author: Tata Consultancy Services

Help Desk

Web and Video Conferencing

Customer Support

Business Intelligence (BI)

Collaboration

Contract Management

Enterprise Legal Management

Environmental Health and Safety (EHS)

Meeting Management

Procurement

VoIP

Enterprise

Accounting

Expense Management

Spend Management

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Browser

Cloud Cost Management

Cloud Storage

Component Content Management

Converged Network Adapters (CNAs)

Data Center Infrastructure Management

Data Observability

Data Pipeline

Extended Detection and Response (XDR)

Fraud Detection

Infrastructure-as-Code (IaC)

Integration Platform as a Service (iPaaS)

Internet of Things (IoT)

Interoperability

Managed Print

Network Performance Monitoring

Password Management System

Release Management

Remote Support

Session Border Controllers

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Audio Editing

Content Management

Creative Collaboration

Direct Mail Automation

Email Marketing

Gamification

Intent Data

Marketing Analytics

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Transcription

Professional Services

Customer Relationship Management (CRM)

Headless eCommerce

Multichannel Retail

Presales

Sales Intelligence

Sales

Certificate Lifecycle Management

Security

Architecture

Commercial Drone

Construction Accounting

Hotel Management

Loan Servicing

Oil and Gas

Public Sector Software

Telemedicine

Vendor Neutral Archive (VNA)

Vertical-Specific

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TCS BaNCS is a banking software suite that provides financial institutions with the necessary tools to handle their day-to-day operations. It has helped deliver the right quality services, enhancing customer relations and contributing to the bottom line by improving business agility. The product has helped users reduce time to market, which in turn increases revenue growth.

Customers have used BaNCS to handle a range of issues, including cross-border payments, check processing, and other real-time data problems related to retail banking and lending. BaNCS has come in handy when dealing with customizable banking products for Core banking, Payments, and modules for handling Money Laundering. Additionally, some BaNCS users have found it difficult to set up initially; however, once integrated with existing systems, it synchronizes certain fields automatically, proving useful in the long run.

Overall, TCS BaNCS has been resource-intensive and expensive but has provided immense value to its users around the globe. With its compliance with almost all standards and knowledgeable consultant teams worldwide, it remains one of its kind in banking software available in the market today.

Customizable Workflows: Users have found TCS BaNCS to be useful for creating custom workflows that meet their specific requirements. Several reviewers have praised the software's versatility and flexibility in this regard.

User-friendly Platform: Reviewers appreciate the ease of deployment and integration capabilities with other applications, making TCS BaNCS a user-friendly software solution. The cloud-based setup has been especially helpful for many customers as it provides great flexibility for accessing the platform from anywhere.

Excellent Customer Service: Customers have appreciated the excellent customer service offered by TCS BaNCS both during the free trial and ongoing support. Many reviewers have complimented TCS BaNCS on its high level of responsiveness and willingness to assist with any issues or concerns.

Cumbersome Interface: Some users have found the software to be cumbersome due to its vast functionalities and steep learning curve, which can impact productivity.

High Cost: Several customers have stated that TCS BaNCS is costly both in terms of usage and support. The high cost makes it difficult for organizations to afford the software.

Long Implementation Lifecycle: Many reviewers have mentioned that the project implementation lifecycle is lengthy, and the strict timeline adds even more time. This slow process can result in a lot of effort required from customers during conversion and implementation.

TATA Consultancy Services offers TCS BaNCS, a cloud-based platform promising resiliency and scalability, as well as lower IT overhead, for banks.

TCS BaNCS

Banking Software features customer account management and customer account portals for customer self-service, and also for customer support interaction, whether the customer is a person or company. It includes mobile applications with features for customer self-service and support for a variety of financial services.

Banking

Likelihood to Recommend

Tata Consultancy Services

EdgeVerve AssistEdge

TCS BaNCS 2022-01-12 10:36:23

TCS BaNCS 2021-12-14 11:33:46

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

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Banking Software

TCS BaNCS met most of our business needs and helped us advance ourselves technologically to cater to superior banking services. The functionality having superior features has helped us design better products and meet most customer demands whether it retail, Corporate, Trade &amp; Treasury type different businesses. Our bank is on a digital transformation journey and we believe with TCS BaNCS state of art futuristic architecture we shall be able to meet the customer-centric approaches having the right digital plans.

Evaluation and contracting
Integration
Deployment

Innovation
Revenue growth
Improve service

Good revenue growth
Improved process
Improved service

TCS BaNCS has cutting-edge banking capabilities and intelligent tools that allow you to build a core banking application backend for your company. The integration, definitions, and setups include all the tools the modern financing industry expects and uses High end latest technology for hassle-free performance and interface. This helps to get the customers best user experience

Ledger
Integration
Reporting
Insurance
Platform

Faster integration to modern applications
Better Client Feedbacks and User Experience

TCS BaNCS

Overview

What is TCS BaNCS?