IBS Journal July – August 2015
TCS makes progress with its HTML5 app suite
TCS is moving ahead with its push into dig- ital banking, with the latest releases of its TCS Bancs Digital apps suite, plus a number of initial takers, including Mercantile Bank in South Africa and Bank Yahav in Israel. The supplier claims its apps suite now spans around 40 processes, across retail, wealth and corporate banking. In addition, it is considering a form of app store, which would allow users and partners to develop and distribute their own apps. Having initially launched its apps for
Australasia (it claims a couple of takers here) and Asia, it has now released versions for North America (it also claims a taker here), South Africa and Israel, with Europe to follow. While the apps can work any- where around the globe at a basic level, the geographical work is to adapt them for each regional ‘ecosystem’, says TCS Financial Solutions president, N G Subramaniam. Examples of retail banking apps are
for loan origination, money transfer, new credit card applications, and social media payments. Corporate banking apps include ones for cash management, positive pay, a CXO dashboard, and taxation authorisation. Example wealth management apps are for retirement planning and asset valuation. The HTML5 apps fit within a ‘framework’ which includes integration through IFX standards and BIAN adaptors, with the latter used for deploying and consuming services. TCS was a founding member of IFX and is a proactive member of industry collaboration, BIAN. As an example of the type of integra- tion needed, beyond that to the core bank- ing system and other internal applications, such as an analytics platform, Subrama- niam gives the example of an auto loan app which will be hooked into a dealer network. As part of the overall architecture, TCS also has some existing tools that can be brought to bear, comprising the TCS Listen- ing Platform, which monitors social media, emails, new items and the like, TCS Network Finder, to identify connections and locations, and a TCS Digital Insights, which ‘cleanses’ this data to allow a ‘contextual digital experience’. The apps can be used on a ‘point’ basis,
says Subramaniam, if a bank wants to offer a simple, fast funds transfer capability, for instance. They can also be packaged and branded for different types of users, such
N G Subramaniam, TCS Financial Solutions
as SMEs. The framework offers users the ability to control the user experience and to add apps, which is where the app store concept arises. Subramaniam envisages a TCS Bancs App Cloud, with TCS playing an assurance role such as ensuring compli- ance with standards and integration with other components, but with innovation not limited to its own efforts. The app store is on the ‘drawing board’, he says, probably for launch by Q4 2016. TCS Bancs Digital is being offered as an
upgrade for the supplier’s existing internet and mobile banking customers (Mercantile
IN BRIEF
MCB Consulting Services, an IT consultancy arm of the Mauritius Commercial Bank (MCB) financial services group, is successfully carving its niche as a T24 specialist. It has onboarded Unibank in Ghana to help it move from an old R8 version of
Temenos’ flagship core system onto the latest Model Bank one (R14). The project is expected to take ten months. Unibank is a mid-sized universal bank in Ghana, with assets of around $430 million. MCB Group also has a strong partnership with India-based Gieom (which stands
for Graphical Intelligent Electronic Operations Manual) that has developed a training and change management cloud-based platform. MCB was actually the pioneer of the Gieom platform. The bank itself went through a lengthy and difficult T24 implemen- tation a few years back, and used Gieom to assist it with the change management and learning process. It is now offering its Gieom competency to other banks. The built-up expertise was subsequently spun off into a separate subsidiary, MCB
Consulting Services. The company opened for business in June last year, with Jean- Michel Felix, formerly project director for core banking implementation and head of group audit at MCB, as CEO. Meanwhile, Gieom is involved in two T24 projects that are currently underway at
Commercial Bank of Ethiopia (the bank selected Temenos’ offering in 2010) and Samba Bank in Saudi Arabia, which has been working on the T24 implementation since 2011.
Bank was a 2008 signing for TCS’s Bancs core platform, while Bank Yahav was one of the sector’s standout deals of 2014). The need for a rewrite stemmed from the requirement to bring predictive and contextual content into the user experience, says Subramaniam. He also sees opportunities coming from the services side of TCS’s business, with a lot of customers now coming up with digital banking requirements, which could be an app sale rather than a services sale. As well as banks layering apps onto their existing
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© IBS Intelligence 2015
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