Financial institutions must adapt quickly to keep pace with customer demands. Legacy, monolithic solutions create these challenges:
- Systems that are difficult to maintain and develop innovative solutions on.
- Limited availability of talent that can work with older systems.
- Silos of systems across different departments that add complexity and inefficiency.
- Cyber threats that can easily exploit vulnerabilities in these older systems.
- Inability to keep pace with ever-changing consumer demands and competitive pressures from new fintechs.
- Difficulty in keeping up with increasing regulatory oversight and reporting obligations.
TCS BaNCS Cloud provides best-in-class cloud operations and security services to deliver future-ready financial capabilities and containerized solutions that provide:
- Best-in-class cloud operations and security services.
- Enhanced customer experience in banking, capital markets, and insurance.
- Core banking transformation.
- Speeds up time-to-market.
- Enablement of participation in broader financial ecosystems.