December 03: Tata Consultancy Services (TCS), a global leader in IT services, has entered into a strategic partnership with the Bank of Bhutan (BoB) to modernize its digital core. The collaboration aims to deliver seamless customer experiences and innovative financial products using TCS’s flagship TCS BaNCS™ Global Banking Platform.

The Bank of Bhutan, Bhutan’s largest commercial bank, serves over 400,000 customers across 45 branches. This transformation builds upon TCS’s existing relationship with BoB since 2016, supporting its growth with cutting-edge technology solutions.

Dorji Kadin, CEO of the Bank of Bhutan, highlighted the initiative’s alignment with the country’s digitization goals and its focus on AI technologies for operational efficiency. “Our partnership with TCS reflects our commitment to delivering personalized and high-performing financial services,” said Kadin.

The TCS BaNCS platform is designed with a modern technology stack, offering advanced features like loan management, trade finance, and seamless API integration with third-party applications. It aims to create frictionless customer experiences while complying with local and international regulations.

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Venkateshwaran Srinivasan, Global Head of Financial Solutions at TCS, remarked, “We are thrilled to support BoB’s transformation. TCS BaNCS ensures scalability and operational efficiency, enabling the bank to meet evolving business demands.”

As one of the world’s leading core banking platforms, TCS BaNCS processes transactions for over 30% of the global population, supporting 1 billion accounts worldwide. It continues to drive innovation in banking ecosystems across the globe.