Janata Sahakari Bank Pune (JSBL) has chosen TCS BaNCS™ Global Banking Platform to modernize its core and digital banking. The aim is to enhance customer experiences and streamline banking operations. The solution will provide a seamless, omnichannel banking experience. This transformation helps the bank comply with evolving regulations, improves credit quality and manages risks effectively. The partnership underscores TCS’s commitment to providing modern banking solutions.
Core Banking Modernization
Janata Sahakari Bank Pune (JSBL) will implement the TCS BaNCS™ Global Banking Platform. The platform aims to modernize JSBL’s core and digital banking infrastructure, improving efficiency and customer experience.
Strategic Transformation
The implementation involves a strategic shift towards a new-age core and digital banking solution. This includes:
- Core banking capabilities
- Payments
- Trade finance
- AML/KYC compliance
The goal is to accelerate growth, enhance customer experience across all channels, and expand market presence. This initiative also aims to improve enterprise performance and strengthen risk management.
Executive Commentary
Jagdish P. Kashyap, CEO of JSBL Pune, stated: “By partnering with TCS BaNCS for our digital core transformation, we are taking a significant step forward in providing seamless, innovative, and customer-centric banking services.”
Venkateshwaran Srinivasan, Global Head, Financial Solutions, TCS, added: “We are delighted to extend our commitment to providing modern and secure banking solutions to the urban co-operative banking sector in India.”
Enhanced Digital Capabilities
The enhanced ecosystem supported by TCS will facilitate digital onboarding and self-service portals. These features will streamline account opening, enhance service accuracy, and provide access to innovative products. Scalable API solutions will allow the bank to adapt to market changes and provide advanced banking services.
Trade Finance and Compliance
The bank will transition to digitized trade finance operations. This will allow for real-time processing, integrated risk management, and sophisticated compliance monitoring and reporting.
Source: BSE
