US-based Central Bank taps TCS for core banking upgrade
Central Bank, a regional bank based in Missouri, USA, is modernising its core technology infrastructure with Tata Consultancy Services (TCS) and its flagship TCS Bancs core banking system.
Central Bank partners TCS for core banking overhaul
TCS says the bank will utilise its software “to simplify the technology landscape, spark organic growth and accelerate client onboarding”.
Founded in 1902, Central Bank operates over 150 branches in 78 communities across Missouri, Kansas, Illinois, Oklahoma, North Carolina, Colorado, Iowa and Florida. Serving both businesses and individuals, the bank currently claims to manage more than $20 billion in assets.
Central Bank’s president and CEO, John Ross, says that TCS and its TCS Bancs product suite was “a natural choice” for the firm following an extensive search for a new partner to upgrade its core.
The bank will particularly look to utilise TCS Bancs’ account opening module in a bid to streamline its customer acquisition processes to drive further growth, as well as its API ecosystem to forge new partnerships and quickly launch new products.
The vendor’s TCS Bancs for Payments solution will also enable Central Bank to offer FedNow services and Real-Time Payments (RTP) from The Clearing House (TCH).
Over the last year, TCS has secured a host of new takers for its TCS Bancs offering, signing deals with Taiwan-based CTBC Bank, Sweden’s Ikano Bank and Banque Saudi Fransi, among others.
