TCS BaNCS goes live at MyState in Australia


Mumbai: Tata Consultancy Services (TCS) today announced that MyState Limited, an ASX-listed diversified financial Group in Australia, has implemented TCS BaNCS for core banking.

The implementation realises further benefits of the merger between MyState and The Rock, a major provider of financial and insurance services to the Central Queensland region. MyState, with an integrated, scalable core banking platform, can now further support its growth opportunities through improved products and services, and simpler, faster business processes and operations.

John Gilbert, Managing Director of MyState Limited said, “We are delighted to announce that TCS BaNCS has been successfully implemented as it allows us to provide even more competitive products and services to our customers in the future and it forms part of an ongoing business improvement strategy to make our organisation more competitive and pave the way for further growth. These types of large scale technology transformation projects come with significant risks. However, the project team has worked extremely hard and diligently over the last 12 months to ensure the best possible outcome with the minimum amount of disruption to our customers and the meticulous preparation has paid dividends. What MyState and TCS have achieved together to get to this critical milestone, is significant and impressive.”

“At TCS, our single purpose is to make technology simple,“ commented Colin Sword, Country Head, TCS Financial Solutions for Australia & New Zealand. “We are proud of this TCS BaNCS go live with MyState. This has been a swift implementation based on a common sense approach to achieving real business outcomes. Our team looks forward to working with MyState on future projects in order to drive growth and improve customer service.”

MyState Limited was formed in September 2009 to effect the merger of MyState Financial Limited (MSF), an authorised deposit-taking institution, and Tasmanian Perpetual Trustees Limited (TPTL), a trustee and wealth management company. MyState acquired The Rock Building Society Limited, based in Rockhampton, in December 2011.

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services with a global customer base of more than 280 institutions operating in over 80 countries.

Kerala IT News