<p>Tata Consultancy Services (TCS) today said Malaysia-based financial services group AmBank has decided to deploy the banking solution of the Indian software major.<br /><br /></p>.<p>This integrated banking suite, spanning conventional and Islamic banking, will support both retail banking and lending functionalities, TCS said in a statement .<br /><br />By deploying 'TCS BaNCS', AmBank will see its banking business expand into new areas, while enabling flexible development and the scalability to meet market and regulatory needs, it added.<br /><br />Though the financial details were not divulged, TCS said the solution was selected after an evaluation process of 18 months.<br /><br />"This win further solidifies TCS' intent to set up a regional support centre for TCS BaNCS in Kuala Lumpur", it said.<br /><br />"To grow our business and support customers across both conventional and Islamic finance, it was critical to have a technically robust and functionally rich core banking system," AmBank Group Managing Director Cheah Tek Kuang said.<br /><br />TCS Financial Solutions President N Ganapathy Subramaniam said: "We look forward to taking this partnership further with our regional support centre and Islamic Finance Centre of Excellence in Malaysia."</p>
<p>Tata Consultancy Services (TCS) today said Malaysia-based financial services group AmBank has decided to deploy the banking solution of the Indian software major.<br /><br /></p>.<p>This integrated banking suite, spanning conventional and Islamic banking, will support both retail banking and lending functionalities, TCS said in a statement .<br /><br />By deploying 'TCS BaNCS', AmBank will see its banking business expand into new areas, while enabling flexible development and the scalability to meet market and regulatory needs, it added.<br /><br />Though the financial details were not divulged, TCS said the solution was selected after an evaluation process of 18 months.<br /><br />"This win further solidifies TCS' intent to set up a regional support centre for TCS BaNCS in Kuala Lumpur", it said.<br /><br />"To grow our business and support customers across both conventional and Islamic finance, it was critical to have a technically robust and functionally rich core banking system," AmBank Group Managing Director Cheah Tek Kuang said.<br /><br />TCS Financial Solutions President N Ganapathy Subramaniam said: "We look forward to taking this partnership further with our regional support centre and Islamic Finance Centre of Excellence in Malaysia."</p>