National Bank of Bahrain (NBB) has collaborated with Indian IT firm Tata Consultancy Services (TCS) to support its digital transformation.

In the new initiative, the Bahrain-based bank has selected TCS BaNCS for Core Banking to diversify its businesses.

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TCS BaNCS features:

The solution covers loans, deposits, payments, customer management, Islamic banking and liquidity management for retail and corporate banking.

It will enable NBB to provide an improved customer service as well as standardise and streamline its operations across markets.

Furthermore, NBB plans to utilise TCS BaNCS’ capabilities to collaborate with the emerging fintech ecosystem in the region.

NBB COO Iain Blacklaw said: “As part of our ongoing journey of transformation, we are pleased to announce another milestone in this process with the selection of TCS BaNCS.

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“This will modernise our IT landscape, lay a strong foundation for digitalisation and offer a consistent and contextual experience to our customers.

“Our goal is to unlock new revenue streams by leveraging larger and extended ecosystems, introduce new products quickly, and expand our customer base across multiple countries in the region.”

TCS BaNCS for Core Banking is designed on the Digital First, Cloud First philosophy. Equipped with high performing processing engine and open banking capabilities, the solution can be deployed based on operating model of the bank.

NBB was established in 1957 and is now of the largest retail and commercial banking services provider in the country. It has 25 branches and 61 ATMs in Bahrain.

In October last year, the bank was reportedly planning to acquire Bahrain Islamic Bank (BisB).