Biznext India: Indian IT major Tata Consultancy Services (TCS) today announced that the Central Bank of Kuwait (CBK) is now operational on TCS BaNCS, its flagship banking platform that helps financial services institutions embrace open and innovative technologies that enhance endcustomer experience.
CBK is the banker to the Government of Kuwait, responsible for the country’s monetary and credit policies. lt embarked on a technology transformation journey to upgrade the lT infrastructure systems.
As part of that transformational initiative, CBK selected TCS BaNCS for its open architecture, rich functionality, flawless implementation track record across more than 450 sites worldwide, and longstanding partnerships with leading financial institutions in the Middle East. Following successful implementation, TCS BaNCS’ depth and breadth of functionality is expected to significantly enhance the central bank’s support for, and oversight of, the industry, strengthen its architecture and linkages to broader financial systems, and position it well to address the opportunities of the future.