TCS BaNCS

BαNCS
Original author(s) Financial Network Services
Developer(s) Tata Consultancy Services
Initial release 1983 (1983)
Stable release
10.0 / 2014 SEP (2014 SEP)
Development status Active
Written in JAVA
Operating system Cross-platform
Type Banking and financial suite
Website www.tcs.com/offerings/bancs/Pages/default.aspx

TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks.[1]

It includes functions for universal banking, core banking, payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations. There are also modules that deal with capital markets and the insurance business.

DLF Pramerica Life Insurance Company India Limited (DPLI), is using TCS BaNCS to meet their financial services. In August 2013,TCS deployed its core banking solution at Panzhihua (PZH) Commercial Bank, making it the first Chinese city commercial bank to use TCS BaNCS solution.[2][3]

History

Prior to the corporate takeover by TCS, BaNCS was developed at the Headquarters of Financial Network Services PTY. at the Systems Development office under the base version Office in 70 Rosehill Street, Redfern, Sydney, New South Wales, Australia. Versions 1 through to 7.4 were developed under FNS. Satellite functionality was integrated into the Base Software in subversions from customer sites via the Redfern Projects Office, and managed by the Base Manager into release candidates and separate administration integrated enhancements into documentation and user guides. Two Major branches were developed off the elements from version 2 through to version 4 of the core based initially on AT&T NCR 9800 series Mainframe architecture - creating a UNIX branch and an NT/Windows Server Branch. COBOL Sources were inter-changeable but software interfacing with the OS, such as transaction queues, differed to handle the various implementations written in C and linked into the Microfocus COBOL run time system linked object. scripting also varied across branches to handle operations and non-functional requirements. Major versions featured multicurrency (with spot positions) and multi lingual. to cater for this various front ends were created such as BTM (Branch Terminal Manager), Branch 2000, BEAM handled transactions from Tellers. Major version 6 included three database back ends: Oracle, Informix and DB2. UNIX Was implemented in practice on HP-UX, IBM AIX and AT&T NCR System V UNIX variants. ksh or Korn Shell was the primary script language. Version 7.5 onwards of The BaNCS system was developed by Tata Consultancy Services business unit TCS Financial Solutions.[4] It was developed in COBOL.

Software products

BaNCS offers a suite of products, which are periodically evaluated by independent research firms like Forrester. The list of products include.[5]

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See also

References

  1. ↑ http://www.thehindubusinessline.com/features/weekend-life/banking-on-it/article4924607.ece
  2. ↑ http://economictimes.indiatimes.com/tech/ites/tcs-deploys-its-core-banking-solutions-for-chinese-bank/articleshow/21674694.cms
  3. ↑ http://www.rttnews.com/2167790/tcs-deploys-bancs-solution-at-china-s-panzhihua-commercial-bank-in-record-time.aspx?type=in&utm_source=google&utm_campaign=sitemap
  4. ↑ http://www.tcs.com/offerings/bancs/about_tcs/Pages/default.aspx
  5. ↑ http://www.forrester.com/pimages/rws/reprints/document/113344/oid/1-O2KDYV
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