TCS Bancs wins AU$13.6m core banking system contract with Reserve Bank of Australia

Australia's central bank in AU$13.6m tech overhaul

Reserve Bank of Australia (RBA), the country’s central bank, has made a decision to overhaul its core banking technology with TCS Financial Solutions’ Bancs system.

Top fintech stories this week – 17 March 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Bank Yahav live with TCS Bancs core banking platform: “the world’s most complex IT project”

First core banking site for TCS in Israel

Israel-based Bank Yahav has gone live with a new core banking platform, Bancs, supplied by TCS Financial Solutions. The “pure Java-based” solution is provided on a hosted basis.

Robo-advice case study: Munnypot


Robo-advice has captured a lot of attention in the financial services sector of late, so it is great to find an institution that is putting it firmly into practice. Banking Technology talks to Munnypot, a recent arrival on the UK market.

UK’s Community Savings Bank Association selects TCS Bancs core banking system

Local banks for local communities

New challenger Community Savings Bank Association (CSBA) has chosen TCS Financial Services’ Bancs core banking system on the cloud for its member banks across the UK. Last year, Banking Technology was the first publication to report on CSBA joining the British banking market. The association, which is registered as a co-operative society plans to set […]

Five Degrees and SEI provide tech to new digital investment service, Munnypot

UK flag

Munnypot, a new robo-advice and investment service in the UK, has fully launched with tech support from a number of partners.

Top ten core banking software projects in 2016

CEO is now Chief Cultural Transformation Officer

Look back at some of the major core banking software projects in 2016, with Banking Technology’s top ten.

AmBank in mobile banking “quantum leap” with Backbase

Dato' Sulaiman Mohd Tahir, AmBank

AmBank will be launching “a new phase of mobile banking very soon”, according to the bank’s new group CEO, Dato’ Sulaiman Mohd Tahir. The solution is provided by Backbase.

Lakshmi, India’s first banking robot, unveiled by City Union Bank

Lakshmi and City Union Bank's CEO and MD, N Kamakodi

City Union Bank (CUB) has become the first bank in India to introduce a robot to deal with customer queries. Called Lakshmi, the robot is based on the IBM Watson artificial intelligence (AI) engine.

Bank of Bhutan goes live on TCS Bancs’ core banking system


Bank of Bhutan, the country’s oldest and largest bank, has ditched Oracle FSS’s Flexcube and gone live on TCS Financial Services’ Bancs core banking system. TCS says all existing customers, accounts, lending and internet banking subscribers were migrated from Flexcube (which was originally installed at the bank in 2008) to TCS Bancs. The bank selected […]