TCS Secures Core Banking Transformation Deal with Kuwait’s Burgan Bank

Tata Consultancy Services (TCS) has signed a deal to modernize the core banking technology of Burgan Bank, a leading commercial bank in Kuwait. Burgan Bank will deploy TCS BaNCS to consolidate multiple legacy applications into a contemporary universal banking solution, enhancing innovation and customer relationships.

Bank Profile

Burgan Bank, one of the youngest commercial banks in Kuwait, operates a regional network of over 160 branches and 360 ATMs. The bank aims to leverage TCS BaNCS to digitally transform its technology landscape.

Transformation Details

• Comprehensive Suite: TCS BaNCS will provide core and digital banking, payments, retail and corporate loan origination, wealth management, regulatory compliance, and more.
• Enhanced Capabilities: The solution will enable the bank to manage higher transaction volumes, enhance automation, and improve staff productivity.
• API Integration: TCS BaNCS’ rich set of APIs will allow Burgan Bank to serve its corporate, retail, and private banking customers with an integrated solution.

Technological Impact

• Innovative Solutions: The modular and open architecture of TCS BaNCS allows for extensive configurability, enabling quick time-to-market for innovative solutions.
• Customer Experience: The transformation ensures convenient, simplified, and contextual experiences for customers.
• Compliance: End-to-end AML/KYC capabilities across all business lines will be enhanced by deploying the Quartz for Compliance solution.

Regional Presence

This partnership strengthens TCS’s position as a digital transformation leader in the MEA region, where it has a strong presence with operations in nine countries and a workforce of over 9,000 employees serving more than 150 regional customers.

Recognition

TCS BaNCS has garnered several recognitions for core banking transformation across various banks in the Middle East, highlighting its robust and intelligent digital core.