TCS BaNCS – A Universal

Financial Solution
Financial institutions today are extending their transformation efforts from digitizing
narrowly targeted functions to the broader enterprise. These changes are resulting in
expanded financial inclusion, improved internal operations and transformation of the
financial services value chain. TCS BaNCS facilitates transformation for every business
process within every domain for every part of financial services. We have been living
our vision of Turning our Technology to our customers’ advantage and helping the
world’s financial institutions to extend the benefits of wealth and opportunity,
improving the health and well-being of countless people and families worldwide.

Our business model is increasingly about providing “Software as a Service” and this has
brought about a significant change in the way we approach our business as customers
expect us to stitch end-to-end solutions orchestrating capabilities across a stack of
best-of-breed solutions and applications.

TCS BaNCS Cloud customers across banking, capital markets and insurance ranging from community
banks to large wealth management and insurance firms have already reached new levels of business
success and innovation by placing their trust in the proven ability of the offering to not just manage
the underlying technology infrastructure, business applications, and process workflows involved in
every area of financial services, but also as a key driver for innovation and transformation.

Enabling a true customer first approach with cutting-edge technology: Architecting our application
into a set of cloud-native microservices is a journey we are on. We have some customers in
production who have leveraged the power of TCS BaNCS microservices in select segments of the
business where the need for such elastic scaling is pervasive. These microservices are self-contained
and responsible for specific business capabilities and leverage the benefits of container deployments.
They come with the ability to interact/integrate with any system, be it in-house or third party, via APIs
and events. Through TCS BaNCS APIs, financial institutions and banks can build new solutions, giving
rise to new ecosystems, better engaging with customers, manufacturers and distributors and unlocking
new sources of revenues. They can rest with the confidence that comes from working with a secure,
always available high-performance solution like TCS BaNCS that is scalable and one that can deal with
uncertainty in transactions or queries, integrate with third-party solutions seamlessly and be
deployable across the cloud/BPaaS.

We believe that more than coding and customizing, what is needed is to enable a business user to
configure, integrate and orchestrate processes and then deploy them on the cloud and in an agile
manner. The mantra is to configure and reconfigure solutions to meet new customer experiences,
while also leveraging the larger fintech ecosystem. Foundational to enriching customer experience is
the ability to leverage data and obtain timely and relevant insights which help sell and/or fulfill a service
more efficiently creating an element of customer delight.
TCS BaNCS is simplifying how financial institutions collaborate through the enhanced TCS BaNCS
Marketplace, an innovation hub for customers to collaborate and adopt cutting-edge partner solutions
compatible with the TCS BaNCS suite, spanning banking, capital markets, and insurance domains. TCS
BaNCS Marketplace contains a rich ecosystem of solutions and APIs from fintechs, insurtechs, risktechs,
regtechs, and other innovators. By helping our customers create a reliable, trustworthy ecosystem, one
that enables all players to co-build, innovate and deliver, we empower them to tap into the potential of
‘the art of possible’, building on success and creating exponential growth (and value).

Our broader TCS BaNCS Ecosystem also includes Global Channel Partners, who are available worldwide
to support sales and implementations of the TCS BaNCS products and complementary solutions
sourced through the TCS BaNCS Marketplace.

Our digital solution provides design and functional accelerators that enable clients to speed up
time-to-market for internet, mobile, and enterprise strategies. Its low-code principles enable rapid
ideation and prototyping of new capabilities that can be automatically built and deployed as
containerized, cloud-ready services. The result is that front-office resources with the best knowledge of
customer needs will soon be able to make direct, guided improvements and enhancements to user
interfaces, drawing upon extensive resources from domain-specific API catalogs to quickly launch
improvements without going through a lengthy development cycle. TCS BaNCS’ “build your own apps”
capability, API management services, reusable and integrated components, along with a wide set of
cognitive tools (AI, analytics) can help financial institutions reimagine customer journeys – all through
intuitive, easy-to-use and contextual user interfaces.
An example of our banking solution’s versatility is embodied in the type of organizations that have
deployed it. On one hand, TCS BaNCS has powered two of the world's largest core banking
transformations in Asia, processing more than 1Bn accounts, and on the other, it has been the
preference of credit unions and community banks in the UK and USA, including facilitating Banking-as-a
Service for many of our customers.

Two of the world's largest core banking implementations run on TCS BaNCS,
processing 1 BN accounts.
TCS BaNCS has enabled State Bank of India to process 400+ MN transactions per
day (covering 22,000 branches, 22 MN Internet Banking Users, 35 MN Mobile
Banking users, 450 MN+ customers and 914 MN+ Accounts), handling 11,000+
peak TPS

Along with the digitization of the entire supply chain, we are also seeing the market-by-market uptake
of real-time processing in every area of payments, from high-value RTGS to low-value ACH payments,
and for both domestic and international payments. Our payments solution helps any entity involved in
payments, whether banks, market infrastructure institutions, or central payments infrastructures, to
transform payment operations with a ISO20022 standard solution certified for connectivity to SWIFT,
SWIFTgpi, and any local or regional payments infrastructure.

Financial vulnerability triggered by the onset of the pandemic has resulted in an increase in investments,
higher trade volumes and market volatility the world over. In response, wealth and investment players in
the retail and institutional sector have fast begun looking at modernizing their technological landscape
and platforms, even as they expand solutions covering the full spectrum of services to their clients. The
TCS BaNCS solution is designed to strengthen wealth manager and their client relationships, stimulating
the much-need reassurance and transparency that clients need about their investments. Our
comprehensive suite of services encompassing wealth and asset management and private banking are
tailored to facilitate informed decision making, meet dynamic customer demands and regulatory
expectations, while offering quicker processing times.
Our trading solution has helped retail and institutional customers globally to manage breakthrough
growth in trade volumes, spanning multiple assets, markets, and currencies. It has processed millions of
orders and trades, notching record uptime in peak conditions, handling 100,000 concurrent online
users, 1,000+ branches, affording the scale and stability needed in today’s volatile markets. Its low
latency algorithmic trading capabilities enable split-second responses to fleeting windows of opportunity.
Through sophisticated and secure internet trading workstations and mobile apps targeted at retail
clients, it has helped trading firms democratize finance.

TCS BaNCS is the leading institutional brokerage solution provider in India. 40% of
trades in India are settled on the TCS BaNCS engine. First to provide SaaS-based
settlement.

TCS BaNCS’ custody and corporate actions solutions are deployed at leading financial institutions in
more than 100 markets, with 8 of the top 10 custodians running on the product. These solutions come
with comprehensive functionality encompassing the entire capital markets value chain, helping both
buy-side and sell-side firms implement robust, error-proof, STP-enabled, multi-entity, highly scalable
processes for trade processing, clearing and settlement, custody, portfolio accounting and corporate
actions administration. They support a single securities back-office for institutional custody, investment
banking, retail and private banking for multiple asset classes, including equities, debt, and crypto assets.

TCS BaNCS solutions for Capital Markets have a market coverage of over 100
countries, recording 10 MN Trades per day (peak), covering 40 TN USD worth of
AUC/AUA.
8 of the top 10 custodians worldwide run on TCS BaNCS.
More than 95% of custody transactions in South Africa run on TCS BaNCS -
connected to the CSD Strate, where the settlement happens on TCS BaNCS
In the post-trade processing space, one of our main AI-based objectives is to achieve Zero-Touch
Operations, such that there’s no need for any manual intervention during normal operations. Our
Embedded Intelligence approach gives product teams and clients a complete AI Workbench, a
comprehensive Enterprise Service Catalog, and a set of easy-to-deploy “co-bots,” which are companion
AI tools that try to understand repetitive behavior based on AI insights. In our most advanced
implementations, we have achieved what we believe to be the highest automation levels in the industry
for corporate actions.

Market infrastructure institutions are among the most dynamic and fast-changing participants in the
financial markets as they are undergoing unprecedented growth even while facing waves of regulatory
change and disruption. In response, there is a need for them to combine high performance, low latency,
and best-in-class resilience, with the agility to introduce new products and multiple asset classes. The
Market Infrastructure solution caters to customers across more than 25 markets and along with TCS’
Quartz Blockchain solution, it helps firms adapt to the specific needs of the marketplace to
accommodate the tremendous diversity of market models and market structures.

TCS BaNCS for Market Infrastructure performs clearing and settlement in over
25 markets worldwide

The insurance industry is undergoing tremendous change driven by increased availability of extensive
data sources, higher demand for products integrated closely with consumer and business purchases, and
the need for protection against a wide range of risks affecting entire supply chains. TCS has a proven
track record of implementing large and complex business transformation programs for leading insurers
across life insurance, annuities and retirements, property and casualty, reinsurance, and insurance
brokerage businesses, helping them drive superior customer experiences and improving performance.
Our insurance product suite is an end-to-end core insurance solution spanning life, annuity, pensions,
property and casualty, reinsurance, and health insurance, and is designed to support every event in the
lifecycle of a policy.
 The TCS BaNCS for Insurance solution services over 30 MN Life, Annuity and
Pension Policies and 135 MN Property and Casualty policies across the globe. (63
installations across 19 countries)

7 of the top 10 life and pensions providers in the UK, servicing more than 30% of
the population, are using TCS solutions built around the TCS BaNCS for Insurance
core engine, provided as a managed service

Leveraging cutting-edge technologies, including conversational AI to guide and advise end customers,
the solutions can help insurers expand their business, collaborate, and connect in a purpose-driven
manner. AI and our intelligent digital core will enable insurers to respond to these changes, and our
solution is leading the industry with applications that support end-to-end claim automation, enable
voice-based interactions, reduce manual processing, and improve the end-customer experience.

All these transformations – faster front-office, simplified partner ecosystem, instant payments, robotic
process automation, zero-touch operations, new market models, and smarter insurance products – are
combining to transform completely the retail experience for consumers. We believe that this year will
see the fructification of Embedded Finance, in which financial services become integrated almost
invisibly into retail processes in surprising and exciting ways. You can be certain that TCS BaNCS
customers will be at the forefront of this new trend. With TCS BaNCS, transformation is within reach.
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