TLDR:
– Central Bank, based in Missouri, USA, is upgrading its core technology with TCS Bancs core banking system
– TCS will help the bank simplify its technology landscape, drive organic growth, and improve client onboarding
Article Summary:
Central Bank, a regional bank operating in multiple states, has partnered with Tata Consultancy Services (TCS) to modernize its core technology infrastructure. TCS’s flagship TCS Bancs core banking system will be utilized by Central Bank to streamline processes, drive growth, and accelerate client onboarding. The bank will leverage TCS Bancs’ account opening module to enhance customer acquisition and its API ecosystem to forge partnerships and launch new products quickly.
Central Bank’s President and CEO, John Ross, expressed that TCS was a natural choice after an extensive search for a partner to upgrade its core. This partnership will enable Central Bank to offer services like FedNow and Real-Time Payments from The Clearing House. In the past year, TCS has signed deals with various other banks for its TCS Bancs solution.
The collaboration between Central Bank and TCS highlights the ongoing digital transformation in the banking sector, emphasizing the importance of leveraging technology to enhance operational efficiency, customer experience, and growth opportunities.
