Emirates NBD Selects TCS BaNCS for Transformation in Payments

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Biznext India: Tata Consultancy Services (TCS), a leading global lT services, consulting, and business solutions organization, announced that Emirates NBD, the Middle East’s leading financial services group, has chosen TCS BaNCS for Payments as its core processing platform to standardize and streamline payments operations across multiple geographies, including lndia, Egypt, Saudi Arabia, Singapore, UK and their home market, the United Arab Emirates.

Outlining the rationale for their selection of TCS BaNCS, Abdulla Qassem, Group Chief Operating Officer, Emirates NBD, said, ” ln an ero of open, innovative and technology-driven banking globally, the poyments services we provide our retail, corporote, business and transaction bonking customers have gained significont prominence. When we embarked on our digitol and lT transformation program, we chose ICS BoNCS as our core payments platform because we found it to be a future-ready solution that best supports our transformation gools – to stondordize the core poyments processes across our different morkets, to simplify our lT poyments landscape, to support the lounch of innovative poyments products and enhance the digital experience for our customers.”

“ln a Business 4.0rM world, financial institutions are looking for solutions that impart agility to their businesses and provide an open, connected, digital core that can accelerote ongoing digital innovation,” said Venkateshwaran Srinivasan, Vice President and Head, Financial Solutions, TCS. “Payments is an exciting space in the financial services londscape where we are seeing tronsformotional ideas powered by technology and brought to morket. The selection of TCS BaNCS by a marquee institution like Emirates NBD is very special for us indeed. This pannership is o reflection of our strong commitment to the Middle East market, where several leading financial institutions use ICS BoNCS across industry segments.”

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