TrustRadius Insights
TCS BaNCS is a banking software suite that provides financial institutions with the necessary tools to handle their day-to-day operations. …
Overview
What is TCS BaNCS?
TATA Consultancy Services offers TCS BaNCS, a cloud-based platform promising resiliency and scalability, as well as lower IT overhead, for banks.
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Product Details
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- Tech Details
What is TCS BaNCS?
TCS BaNCS Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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- Pros
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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.
Reviews
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January 12, 2022
Good for micro finance banking
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 & 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
- Cost
- Support
- Innovation
- Revenue growth
- Improve service
- Good revenue growth
- Improved process
- Improved service
Strong customer focus, support and good integration capabilities
December 15, 2021
A modern financial sword with Ultimate banking tools
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
- Support
- Banking
- Insurance
- Financing
- Faster integration to modern applications
- Better Client Feedbacks and User Experience