The implementation strategy provides Bank of Panhsin with a sustainable competitive advantage, faster time to market, valuable lead time and capital preservation.

TCS BaNCS core banking solution is a fully scalable, modular core banking solution which automates every aspect of a financial institution’s back, middle and front office operations in one fully integrated solution. This multi-channel, multilingual and multicurrency system allows 24/7 real time, event driven transaction processing and reporting which results in substantially lower hardware and integration costs.

Joseph Tsai, chief information officer, Bank of Panhsin, said: Bank of Panhsin selected TCS BaNCS Core Banking solution due to its world class performance and scalability. With TCS BaNCS Core Banking system we will be able to deliver 24/7 real time banking solutions for our clients with complete confidence.