Tata Consultancy Services (TCS) said that its TCS BaNCS Cloud product suite designed for banking, capital markets, and insurance segments is now available on Google Cloud.

According to the Indian IT services provider, TCS BaNCS, which is powered by Google Cloud’s technology, will help financial services providers with cloud-native capabilities to expedite digitization and propel their growth and transformation.

The Software as a Service (SaaS)-based financial industry cloud solution from Tata Consultancy Services is said to drive future-ready architecture, breadth and depth of functionality, and cognitive capability for financial institutions that want to build a new digital core that is future-ready and scalable.

Tata Consultancy Services said that the TCS BaNCS suite is aiding the organizations to enhance customer experience, speeding up innovation, facilitating the adoption of new business models, utilizing ecosystems, and driving growth.

Kevin Ichhpurani — Google Cloud Global Partner Ecosystem and Channels Corporate Vice President said: “Organizations across the financial services industry executing on their digital transformation initiatives require technologies that enable success in the cloud at scale.

“We’re thrilled that TCS is bringing its BaNCS solutions to Google Cloud to equip customers with solutions that will support their global transformation journeys on Google Cloud’s secure and scalable infrastructure.”

The TCS BaNCS on Google Cloud financial solution will make use of Google Kubernetes Engine (GKE), Apigee for API management, database services. These include accelerators and native tools, said Tata Consultancy Services.

The financial industry cloud solution is said to broadly use the artificial intelligence and machine learning tools of Google Cloud as well as its data security and compliance capabilities to enable customers in expediting data-driven innovation and business transformation.

R Vivekanand — Tata Consultancy Services BFSI Products & Platforms Global Head said: “Cloud has become the always-on backbone of innovation for financial services institutions. Our cloud-first approach for TCS BaNCS is a game changer, reimagining how financial institutions will operate in the future.

“We are happy to expand our partnership with Google Cloud, to help our customers move to the next horizon of their cloud transformation journey, and launch innovative new offerings, reimagine customer experience, and drive competitive differentiation.”

  artificial intelligence, business transformation, cloud transformation, customer experience, digital transformation, Google Cloud, India, Kevin Ichhpurani, Kubernetes, machine learning, R Vivekanand, Tata Consultancy Services, TCS BaNCS