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New Development Bank deploys TCS BaNCS as Flexible Digital Backbone

New Development Bank (NDB), a multilateral development finance institution set up by the BRICS nations has gone live with Tata Consultancy Services (TCS) BaNCS for Treasury. NDB selected TCS BaNCS for its risk and treasury operations for the solution’s support for an impressive array of asset classes, and advanced features such as real-time position keeping, risk analytics, and a single product configurator that supports complex debt structures for their issuance programs.

The cloud-based offering of TCS BaNCS reduces the time taken for customer on-boarding to a fraction of what it takes in conventional on premise implementations, as the need to procure and invest in internal infrastructure is eliminated, along with the complexities involved in replacements.

TCS is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.

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