Deutsche Bank Implements TCS BaNCS for Global Transaction Banking
Deutsche Bank will implement TCS BaNCS Core Banking as its new core banking platform for global transaction banking (GTB). The move is part of a global initiative to transform the bank’s transaction banking platform in more than 30 countries. TCS BaNCS will replace several solutions with one modern, transaction-safe and cost-efficient platform.
TCS BaNCS Core Banking provides transaction banking functionality including account services, interest and charges, limits and facilities, liquidity management, funds transfer and payments, statements and risk management and reporting. As a first step, Deutsche Bank migrated its GTB branch in Abu Dhabi to the new platform on 11 December 2010. The branch opened in January 2010.
Werner Steinmüller, head of GTB and member of the group executive committee, Deutsche Bank, said: “This is a significant step of strengthening our GTB platform worldwide. It is further proof of our firm commitment to deliver best-in-class services to our clients. We expect the new platform to deliver significant improvements that will benefit our clients.”