Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions firm, announced that CUA, Australia’s largest customer-owned financial institution has selected its world-leading TCS BaNCS banking platform to deliver CUA’s new core banking system.
CUA will revolutionize its core banking system and back office processes over the next two years to provide greater flexibility and integration across the business and deliver an enhanced customer experience. This major project will underpin CUA’s growth strategy.
TCS BaNCS Core Banking solution will not only assist CUA for driving new product development but will also improve its efficiencies. Further, the company will be utilizing its local industry knowledge and extensive global experience to ensure CUA’s new banking platform will be scalable and flexible enough to meet its long-term customer service expectations as well as its back-end operational and data management requirements.
A recent report by Forrester Research Inc - The Forrester WaveTM: Global Banking Platforms, Q4 2010 --rated TCS as a “leader” in world-leading banking platform products. TCS BaNCS received high scores for banking platform functionality, deployment and operations, and both product and corporate strategy.
Australia’s largest customer-owned financial institution, CUA is emerging as a competitive force in Australian banking. CUA provides banking services to more than 400,000 Australians across the country.
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