UAE-based banking group Emirates NBD has selected Tata Consultancy Services’ (TCS) solution to streamline payment operations across key geographies.

Under the collaboration, Emirates NBD will use TCS BaNCS for Payments as its core processing platform to standardise payments across home market, the UK, India, Egypt, Saudi Arabia and Singapore.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The solution offers multi-entity and multi-currency capabilities throughout the complete value chain.

Designed on ISO20022-based data and process models, the TCS BaNCS provides direct debit and credit transfers, clearing and settlement services.

The solution is certified with the SWIFT Ready label for the payments market and the SWIFT gpi-Ready label.

Emirates NBD Group COO Abdulla Qassem said: “In an era of open, innovative and technology-driven banking globally, the payments services we provide our retail, corporate, business and transaction banking customers have gained significant prominence.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“When we embarked on our digital and IT transformation program, we chose TCS BaNCS as our core payments platform because we found it to be a future-ready solution that best supports our transformation goals – to standardise the core payments processes across our different markets, to simplify our IT payments landscape, to support the launch of innovative payments products and enhance the digital experience for our customers.”

TCS head of financial solutions Venkateshwaran Srinivasan said: “Payments is an exciting space in the financial services landscape where we are seeing transformational ideas powered by technology and brought to market.

“The selection of TCS BaNCS by a marquee institution like Emirates NBD is very special for us indeed.”