Shanghai Rural Commercial Bank in China selected Tata Consulting Services' (TCS) core banking solution Bancs to achieve competitive advantage by introducing new products and manage transformation, the leading Indian IT bellwether said Thursday.
"We selected TCS' Bancs scalable core banking system due to its advanced open architecture and ability to reduce cost of ownership. The solution will assist us in enhancing new product development, improve customer service and market competitiveness," Shanghai Bank chief information officer Zhou Hengchang said in a statement.
According to TCS China head Zhu Bin, as China's retail banking market is experiencing exceptional growth, Shanghai Bank requires a trusted solution for quick implementation.
"Our award-winning core banking solution has a growing presence in China, Macau and Taiwan," Zhu said.
"We selected TCS' Bancs scalable core banking system due to its advanced open architecture and ability to reduce cost of ownership. The solution will assist us in enhancing new product development, improve customer service and market competitiveness," Shanghai Bank chief information officer Zhou Hengchang said in a statement.
According to TCS China head Zhu Bin, as China's retail banking market is experiencing exceptional growth, Shanghai Bank requires a trusted solution for quick implementation.
"Our award-winning core banking solution has a growing presence in China, Macau and Taiwan," Zhu said.
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