Oman Housing Bank to enhance operational efficiency with TCS BaNCS

NEW DELHI, INDIA: Tata Consultancy Services (TCS) has announced that Oman Housing Bank (OHB) has selected TCS BaNCS Universal Banking to help deliver an enhanced end-customer experience in its endeavor to become a leading housing finance bank in the region.

OHB will replace home-grown legacy systems with a comprehensive solution from TCS BaNCS covering loans, deposits, origination, payments, funds transfer and compliance.

According to Adnan Haidar Darwish, General Manager, Oman Housing Bank, “Our selection of TCS BaNCS for Universal Banking reflects our desire to grow and align with new technology and provide a superior end-customer experience. A future-proof, market ready solution such as TCS BaNCS will help us in our growth plans and serve as a platform to build and evolve our technology ecosystem.”

Ganapathy Subramaniam, President, TCS Financial Solutions, said, “We have been working with more than 40 financial institutions in the Middle East and Africa. Oman Housing Bank selecting our universal banking platform is reflective of this commitment from TCS to the region and an endorsement of our next generation Java architected core banking platform.”

Recently, IDFC Bank had also selected TCS BaNCS for core banking.