BMB Investment Bank in treasury tech revamp with TCS Bancs
Under its new major shareholders, the bank “felt a growing need to optimise its treasury technology”, according to the vendor. The changing marketplace, international expansion plans as well as “heightened customer expectations and the internal need to streamline operations” led BMB Investment Bank to this “treasury technology transformation”.
On the way out is the legacy Kastle Treasury platform supplied by another Indian vendor, 3i Infotech, it is understood.
Gaurav Baid, CFO at BMB Investment Bank, says TCS Bancs for Treasury (formerly known as Quartz) is “a perfect fit”.
“We evaluated many alternatives but TCS platform aligned closely with our requirements,” he says. “It will help us to automate manual tasks and processes and drive innovation.”