TCS Joins Hands with CEB to Streamline Financial Operations
Tata Consultancy Services (TCS) has partnered with the Council of Europe Development Bank (CEB), headquartered in Paris, to streamline the bank’s complex financial transactions. As part of this collaboration, TCS will implement its AI-driven solution, TCS BaNCSTM for Reconciliations, to automate and modernise CEB’s reconciliation processes and increase operational transparency, efficiency, and control.
The collaboration between TCS and the CEB is significant for several reasons: It showcases India’s IT leadership in global financial transformation. It introduces AI and automation into core banking functions of a major European development bank. It aligns with CEB’s mission of improving operational efficiency to support social development projects across Europe.
| Summary/Static | Details |
| Why in the news? | TCS Joins Hands with CEB to Streamline Financial Operations |
| Organization | Tata Consultancy Services (TCS) |
| Client | Council of Europe Development Bank (CEB), Paris |
| Purpose | Automate reconciliation processes and modernise operations |
| Technologies Used | Artificial Intelligence (AI), Automation |
| Key Benefits | Transparency, reduced manual effort, real-time reporting, faster controls |
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