Banque Saudi Fransi (BSF), a leading bank in Saudi Arabia, has successfully modernized its domestic and international real-time payments processing using Tata Consultancy Services’ (TCS) software suite, TCS BaNCS for Payments. The transformation aims to simplify and digitize BSF’s IT systems for deposits, lending and payments, enabling the bank to position itself as a modern and customer-focused institution in the region.
TCS BaNCS is a comprehensive banking software suite developed by TCS specifically for retail banks. It offers a wide range of applications to help banks effectively manage their core banking operations. The suite includes modules for various banking functions such as universal banking, core banking, payments, wealth management, forex and money markets and more.
It assists banks in managing customer accounts, facilitating domestic and international payments and mitigating risk. By implementing TCS BaNCS, BSF has centralized and standardized its domestic and international payments operations.