Vendor profile: TCS Bancs Core


Banking Head Office: Bangalore Ownership: Part of Tata Group Founded: 1968 Number of known Islamic sites: 10+ Number of staff: 300k Example clients: • Ambank Malaysia • Amlak Finance UAE • Arab African International Bank • Bangladesh Bank • Bank Negra Indonesia • Gulf Bank • National Commercial Bank • Qatar Development Bank


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Company overview:


Tata Consultancy Services (TCS) is a subsidiary of the giant Indian Tata Group. It has a retail back office system, TCS Bancs, which has been the focus for its Islamic banking efforts. There is also a securities and treasury-oriented solution, Quartz (now also branded under the Bancs banner). Both currently reside within TCS Financial Solutions, a unit set up in 2007 to focus on TCS’s banking software assets.


Functionality of Bancs: • All Islamic investment products • All Islamic retail & corporate products • All Islamic corporate financing products


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Technical highlights Written using C++


• Service Oriented Architecture • Supports and operates with Oracle and Sybase • Works on Windows, Unix and Linux


Islamic Report www.ibsintelligence.com


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