Tata Consultancy Services (TCS) has announced that America's premier financial services company, Zions Bancorporation, has chosen TCS BaNCS for its core banking transformation programme to achieve standardization, centralization and straight through processing across the enterprise.
N. Ganapathy Subramaniam, President of TCS Financial Solutions, said, We are delighted that Zions Bancorporation has chosen TCS as technology partner to transform their enterprise. We are taking the model bank approach to translate Zions Bancorporation's vision into a reality. By deploying TCS BaNCS, they can streamline and standardise their entire suite of products from both the bank’s and the customer’s point of view in the United States.
TCS’ demonstrated commitment and focus during the engagement process and earnestly showed us how we could leverage TCS BaNCS technology to achieve our objectives. The flexibility of the solution and speed of deployment were key criteria in our selection process. The modular components and multi-entity capability of TCS BaNCS tightly fits into our technology landscape, said Joe Reilly, CIO, Zions Bancorporation.
The transformation will be completed in phases, with Zions’ management expecting significant improvements in operational efficiency and customer experience, and reduced operational and financial risk stemming from older legacy systems.
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