TCS deploys banking solution for Australia's MyState

NEW DELHI: Country's largest software services firm Tata Consultancy Services ( TCS) today said it has implemented its BaNCS core banking solution for Australian group MyState. No financial details were disclosed. MyState is an Australian Securities Exchange-listed diversified financial Group in Australia.

MyState, with an integrated, scalable core banking platform, can now further support its growth opportunities through improved products and services, and simpler, faster business processes and operations, TCS said in a statement.

The implementation realises further benefits of the merger between MyState and The Rock, a major provider of financial and insurance services to the Central Queensland region.

"It allows us to provide even more competitive products and services to our customers in the future and it forms part of an ongoing business improvement strategy to make our organisation more competitive and pave the way for further growth," MyState Managing Director John Gilbert said.