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RECENT ORDERS
Who’s bought what? WHO? VARIOUS WHAT? TCS BANCS
selected TCS Bancs as part of an ongoing transformation project. Tata Consultancy Services (TCS) will also be providing systems integration and support services to the bank “to ensure a smooth transition”. “We believe that TCS is the right transformation partner for us with a strong track record and a clear cultural alignment,” says Rikard Josefson, CEO of Länsförsäkringar Bank. “In our evaluation, we found TCS Bancs to be a superior solution that is very well capable of supporting our ambition of being a digital market leader. TCS’ long-term commitment to Länsförsäkringar Bank and to the Nordic market was an important factor behind our decision to partner with them.”
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The partnership with Länsförsäkringar Bank will create “a new standard in a highly advanced Nordic market and serve as an inspiration”, according to Amit Bajaj, Head of Northern European Operations at TCS. “Our engagements with both Länsförsäkringar Bank & Euroclear Nordics position us as the future platform for financial institutions in the Nordics looking to re-align their business model to the digital world”
weden-based Länsförsäkringar Bank has
Oman Housing Bank has also selected TCS Bancs to replace its home-grown legacy systems. Adnan Haidar Darwish, General Manager, Oman Housing Bank, says the new core system will help it expand and provide a better end- customer experience. A new player in the Indian banking sector, IDFC Bank. The implementation lasted about nine months.
While in Nigeria, Central Securities Clearing System (CSCS), the central securities depository, clearing and settlement entity for the Nigerian capital market and Nigerian Stock Exchange (NSE), selected the solution to replace its legacy Nasdaq clearing and settlement platform.
Alex Hamilton WHO? COMMERZBANK WHAT? SAP SOLUTIONS
of finance and risk solutions powered by the SAP Hana platform. The German bank is working with SAP to digitally transform its operations for connected line-of-business transactions, simplified closing processes and regulatory compliance.
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www.ibsintelligence.com © IBS Intelligence 2016
ommerzbank has gone live with a set
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