Bank of Bhutan selects TCS BaNCS for Core Banking to power next generation banking services

MUMBAI: Tata Consultancy Services (TCS), IT services, consulting and business solutions provider , announced that the Bank of Bhutan has selected TCS BaNCS for its Core Banking Solution to power its next generation banking services.

“We are confident that TCS BaNCS will help us transform our technology ecosystem in keeping with our plans for quick growth and expansion. TCS has an enviable track record of fail-proof core banking implementations across the globe which in turn, mitigates our core banking transformation risk. Its ability to reduce time to market for new bank offerings and to seamlessly integrate with third-party systems gives us the assurance that we have chosen the right partner,” said Pema Nadik, CEO of the Bank of Bhutan

According to the statement, Bank of Bhutan is at present on the Oracle FLEXCUBE CBS platform, having implemented it in the year 2009. With a focused goal of moving onto a high-growth trajectory, the Bank has embarked on a project of upgrading its core banking system and has selected TCS BaNCS as the solution partner for this engagement and to replace the existing system, after an in-depth evaluation of shortlisted vendors from a broad array of leading IT software providers.

Bank of Bhutan is the largest commercial bank in the Kingdom of Bhutan with a network of 46 branches.