Hunan Rural Credit Union, China transforms customer banking experience with TCS BaNCS

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MUMBAI – Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced that its flagship product TCS BaNCS has gone live in Hunan Rural Credit Union (HNRCC) in Hunan Province located in Central China. This go-live expands TCS BaNCS’ footprint in China with three other large credit unions that are already fully operational in addition to 20 other financial institutions including one of the largest Banks in the country. HNRCC is the largest bank in the Hunan Province (4,207 branches) and consists of 126 legal credit unions, 6 million individual & Cooperative customers, exceeding 120 million accounts. The modernization project which commenced in May 2015, was geared to achieve growth and profitability by consolidating its distributed and decentralized branch infrastructure, software  and operations.

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