The Core Banking solution from TCS BaNCS is a platform agnostic integrated Banking solution that automates all aspects of core banking operations across entities, languages and currencies. A part of the universal banking suite, the core banking solution helps financial institutions introduce new products with ease and efficiently manage changes in existing ones.
The Core Banking solution from TCS BaNCS has been successfully deployed in leading banks across the world with approximately 250 clients in most areas of the world. BaNCS currently processes approximately 20% of global daily transactions.
SOFGEN is closely involved with TCS in the sale, implementation and support of the BaNCS Core system with many of the original BaNCS system’s architects, designers and developers being a part of our practice. With a wealth of experience in the product and its usage, SOFGEN is ideally placed to assist BaNCS Clients in the development, enhancement and use of the system.
In addition to the Core Banking system SOFGEN also represents and assists in the implementation of the rest of the complement of TCS BaNCS products ranging from Universal Banking systems, Capital Markets, Market Infrastructure, Compliance, Corporate Actions, Custody, Wealth Management, Private Banking, Islamic Banking and Life and General Insurance.
SOFGEN holds the singular position of calling the father of BaNCS one of ours. Tony Ward, our Chairman and CEO of SOFGEN Australia, personally designed and developed the BANCS banking system before selling it to Tata Consulting Services.
Tony Ward is a highly successful former Banking CIO with over 40 years’ experience in the banking sector. He has been greatly involved in the design and implementation of global real time transaction processing systems for over 30 years. Tony founded Financial Network Services (FNS) which he grew to become the 5th largest supplier of Core Banking systems worldwide, and the largest financial services software provider in Asia. Tony also serves as a Director of SOFGEN Holdings, a global consultancy group delivering core banking and related IT solutions to some of the world’s most prestigious financial institutions.
We are a fully certified TCS BaNCS implementation partner, and have a long and successful history of completed implementations. Our most significant achievement is that we have never participated in a failed project.
Our range of services covers:
- Pre – implementation requirements analysis
- Project Governance
- Project Management and support
- Integration services
- Quality Management services
- Technical and User Quality Assurance
- Data Migration services
- Post implementation support and audit
- Infrastructure Audits
All of our staff have extensive experience in these services in numerous regions of the world and in Banks ranging from the smallest to the very largest in the world.
We also provide a range of aligned tools that enhance the use of the TCS BaNCS system ranging from Business Intelligence systems and Board and Management dashboards.