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News >> Technology >>
Hua Xia Bank selects TCS core banking solution
By agencies
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Wednesday, 01 February 2006, 20:30 IST
MUMBAI: The information technology arm of Tata Group, Tata Consultancy Services (TCS) said that China's Hua Xia Bank (HXB) has selected its core banking solution of Financial Network Services (FNS) to facilitate the bank's technology-powered business transformation.
According to the company statement, The BANCS solution, which includes deposit and loans, domestic and international payments, treasury management, corporate accounting and a multi-channel front-end solution for tellers and customers is designed to enable HXB to manage all transactions through the one integrated solution.
As part of its standard core banking software for HXB, TCS-FNS would incorporate localized functionality specific to deposits and loans in China, it said.
The BANCS solution would also enable HXB to more effectively satisfy the demands of China's banking industry laws and regulations, it added.