TCS announces AI upgrade to TCS BaNCS

Country's largest IT services company TCS on Friday announced an artificial intelligence (AI) upgrade to its widely used banking platform TCS BaNCS.

'TCS BaNCS AI Compass' combines machine learning/deep learning, Generative AI and pre-built agents to help banking and securities services customers adopt responsible AI tools and practices, as per an official statement.

The announcement from the company, which is aiming to be the world's largest AI-led technology services player, comes days after it said it had achieved USD 1.5-billion of annualised AI revenue.