TCS and Burgan Bank Partnership for Core Banking Modernization
| Category | Details |
|---|---|
| Partners | Tata Consultancy Services (TCS) and Burgan Bank |
| Bank Profile | Burgan Bank is one of the youngest commercial banks in Kuwait, operating 160 branches and 360 ATMs. |
| Deal Scope | TCS will modernize Burgan Bank's core banking technology using TCS BaNCS. |
| Transformation Details | - Consolidation of legacy applications into a universal banking solution. |
| - Comprehensive suite includes core and digital banking, payments, loan origination, wealth management, and regulatory compliance. | |
| - Enhanced capabilities for higher transaction volumes, automation, and staff productivity. | |
| - API integration for corporate, retail, and private banking customers. | |
| Technological Impact | - Modular and open architecture for quick time-to-market. |
| - Improved customer experience with convenient and contextual solutions. | |
| - Enhanced AML/KYC compliance with Quartz for Compliance solution. | |
| Regional Presence | TCS operates in nine MEA countries with over 9,000 employees serving 150+ regional customers. |
| Recognition | TCS BaNCS has received multiple awards for core banking transformation in the Middle East. |