TCS BaNCS’ functionality and microservices-based, the cloud-native design will help CTBC advance its digital strategy. Credit: Philipp Katzenberger on Unsplash.

CTBC Bank, a private sector bank based in Taiwan, has turned to Indian technology provider Tata Consultancy Services (TCS) to digitally transform its services.

The lender has chosen TCS BaNCS to streamline its IT environment and offer new digital experiences to its clients.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

By leveraging, TCS BaNCS’ digital core, CTBC Bank hopes to offer specialised financial services spanning retail, wealth, and corporate banking business units.

The technology will also support trade financing and international remittance services.

Additionally, the new core banking system will enable client services around-the-clock and provide solutions for loans, deposits, international and domestic remittances, payments/collection, facility limits, and collaterals across both consumer and corporate banking businesses.

Furthermore, TCS BaNCS’ functionality as well as its microservices-based, cloud-native design will help CTBC advance its digital strategy, spot new business opportunities, and expand its presence in the area, the technology vendor noted.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

CTBC Bank Taiwan CTO Titan Chia said: “We selected TCS BaNCS for our digital transformation initiatives and to help differentiate our offerings by providing contextual, innovative solutions across banking and wealth management.

“TCS BaNCS’ cloud-native solutions will help simplify our IT landscape, spanning consumer, corporate banking, and trade finance in alignment with our vision for a tiered architecture through front-end agile delivery, and mid-platform shareable modules backed by an intelligent digital core.”

TCS Financial Solutions global head Venkateshwaran Srinivasan said: “The TCS BaNCS solution will bring CTBC Bank onto a modern core across their product lines of banking and wealth management based on a microservices architecture, leveraging cloud-native capabilities.

“The solution’s rich APIs and orchestration capabilities will help the bank integrate larger ecosystems into their core processes and improve time-to-market for innovative new offerings.”

In August 2022, US-based Five Star Bank selected TCS to drive its digital transformation.