Zions Bancorporation is set to deploy Tata Consultancy Services’ (TCS) comprehensive product portfolio for its core banking transformation programme, to standardise and centralise all its processes across the enterprise.
By selecting TCS BaNCS for its core replacement programme, Zions aims to achieve cost saving benefits and have a single 360 degree view of its end-user customers.
Zions, which has total assets of over $50bn, opted for TCS BaNCS because of its implementation track record and quality of banking and technology services offered.
TCS Financial Solutions president N Ganapathy Subramaniam said, "By deploying TCS BaNCS, they can streamline and standardise their entire suite of products from both the bank’s and the customer’s point of view in the United States."
Zions Bancorporation CIO Joe Reilly said TCS’ demonstrated commitment and focus during the engagement process and earnestly showed them how they could leverage TCS BaNCS technology to achieve their objectives.
"The flexibility of the solution and speed of deployment were key criteria in our selection process. The modular components and multi-entity capability of TCS BaNCS tightly fits into our technology landscape," Reilly added.
With the installation of TCS BaNCS, which will be completed in phases, the lender is expecting improvements in operational efficiency and customer experience, and reduced operational and financial risk stemming from older systems.
