GDRCC selects TCS BáNCS Core Banking solution

TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced today that Guangdong Provincial Rural Credit Cooperative Union (GDRCC), a Chinese government owned commercial bank, has selected TCS BáNCS Core Banking solution.

GDRCC selected TCS BáNCS Core Banking solution due to its highly scalable architecture, proven ability in the Chinese banking sector, complete coverage of the bank's lines-of-business and ability to lower the total cost of ownership.

Mr. N. Ganapathy Subramaniam, President, TCS Financial Solutions said: "TCS BáNCS Core Banking solution will provide GDRCC with the flexibility to develop innovative banking products that will meet the diverse needs of the bank's growing customer base. GDRCC selected TCS BáNCS Core Banking for its outstanding ability to reduce the total cost of integration and drive customer growth."

He added: " We are proud of our increased market presence within China 's surging commercial banking sector. At TCS Financial Solutions our team of product specialists and delivery experts continue to drive innovation and implementation certainty to assist our Chinese banking clients to outperform their business goals."

TCS BáNCS Core Banking solution was recently ranked China's No. 1 Core Banking Solution for 2006 by Independent Research firm IDC, a leading provider of global IT market research. In addition, the latest International Banking Systems 2006 Sales League Table ranked TCS BáNCS Core Banking solution in the #1 position for private and retail banking. 

Sourced From: Vaishnavi Corporate Communications Pvt Ltd