Oman Housing Bank to enhance operational efficiency with TCS BaNCS


Mumbai: Tata Consultancy Services (TCS) today announced that Oman Housing Bank (OHB) has selected TCS BaNCS Universal Banking to help deliver an enhanced end-customer experience in its endeavour 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. The Bank was keen on transforming its technology landscape, and automating processes across myriad functions. A long and in-depth selection process resulted in OHB selecting TCS BaNCS over other short-listed solution providers, a testimony to TCS BaNCS fail-proof track record and the solution’s advanced breadth and depth of functionality.

Adnan Haidar Darwish, General Manager, Oman Housing Bank, commented on the transformation program and the implementation of TCS BaNCS, “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.”

N 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. Our solution will help OHB drive customer centricity, innovation, will be a catalyst to enriching its footprint in the region.”

Oman Housing Bank seeks to be pioneer in housing and construction process of the country and contribute to the economic progress and development in the Sultanate of Oman, by rendering distinguished service to its customers, specially to the low and medium income group of Omani citizens, also there by achieving the objectives of the shareholders, and contributing to the development of human capital through an efficient banking and attractive and motivated work environment.

Kerala IT News